is the easy way to buy your new home without having to pay the full purchase price up front and because is not a shared ownership scheme you own 100% of your home from day one (a second mortgage will be taken over your home to secure your loan). Here's how it works. Simply arrange your own finance for 75% of the purchase price and Miller Homes will provide a loan for the remaining 25%. You repay the loan by paying back 25% of the value of your home when you sell or transfer it or after 10 years, whichever comes soonest. This means if the value of your home stays the same or falls, you will pay back the same or less than you borrow but if the value increases you will have to pay back more.

Look out for the logo on each development and contact our sales advisors for further information.

You buy a Miller home costing £150,000. You raise a first mortgage for £112,500 (75%) from your bank or building society. We lend you the remaining £37,500 (25%) through through .

If you decide to sell the property:- After 8 years and the value of your home has increased to £160,000, the amount due under your loan would be £40,000; or After 2 years and the value of your home has fallen to £140,000, the amount due under your loan would be £35,000.

The value of your home will be the agreed sale price assuming a transaction between unconnected parties on the open market. In both examples you would have to repay any monies owing under your first mortgage before you pay off your loan.

At Miller Homes we understand that moving can be an expensive time, and with stamp duty it can really add up. That's why we'll pay any stamp duty in full, leaving you to spend your money on nice things like a new docking station for your ipod and that crockery set you've always been meaning to buy.

No-one wants to spend money on legal fees when there are so many other things to pay for when you're moving. Well, the good news is that, thanks to Miller Homes, you don't have to worry. Miller Homes will pay your legal fees (up to a maximum of £1000) if you use a solicitor from our preferred solicitors list. These are solicitors familiar with the scheme. If you choose a solicitor who is not on this list you will need to pay your own fees.

Unlike Shared Ownership there is no rent to pay to a landlord, you will only have to give a second mortgage to Miller.

Q. HOW DO I FUND THE PURCHASE
A. Miller Homes cannot provide any financial advice. We do however have a list of Independent Financial Advisors who are familiar with the scheme and we can put you in touch with them. They can help you find a suitable mortgage for the main part of the price (which your bank or building society will secure by a first mortgage on the property). The loan will cover the remaining 25% of the price.

Q. DOES APPLY TO ALL MILLER PROPERTIES?
A. No, the scheme is only available for purchases of selected properties. Full details are available on request.

Q. WHAT HAPPENS AT THE END OF THE TEN YEARS WHEN THE LOAN BECOMES REPAYABLE?
A. Your loan will become repayable after 10 years. You will be required to pay us 25% of the market value of your home at that time. If we cannot agree upon a market value, an independent valuer will determine it. If you do not have your own money to pay this you will have to raise the money by selling your home and/or borrowing it from another lender. We will consider cases of financial hardship sympathetically and positively and we may consider extending your loan, subject to security and status.

Q. CAN I REPAY THE LOAN EARLY OR IN PART?
A. If you are able to do so, you can voluntarily repay the Miller loan at any time during the 10 year period based on the open market value at the relevant time. Alternatively, you can make up to four part payments, please ask for details.

Q. CAN I USE TO BUY A PROPERTY TO RENT OUT?
A. No, the scheme is only available for people looking for a place to live.

Q. ARE THERE ANY OTHER CONDITIONS?
A. The loan cannot be used in conjunction with any other offer. Miller Homes reserves the right to withdraw the scheme at any time. Credit is available subject to security and status. Credit provided by Miller Homes Limited of Miller House, 2 Lochside View, Edinburgh EH12 9DH. Miller Homes reserves the right to decline your credit application. Loan terms and conditions apply; full details and written quotations are available on request. Exchange contracts within 28 days and completion/settlement as specified.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.