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Belway Homes share discount scheme
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RenovationMan
Posts: 4,227 Forumite
Belway homes offer a shareholder perk where "eligible shareholders wishing to purchase a new Bellway home are entitled to a discount of £2,000 per £25,000 or pro rata on part thereof, of the purchase price. Shareholders must inform the Sales Representative on site when reserving the property that they are claiming shareholder discount".
You have to hold 2000 shares for a minimum of 12 months before purchase, so this might only be of use if you know Belway are looking to build in the future in your area or they have a 'phased' development. Using today's share price you would have to hold £14k of shares, but I guess it's somewhere to put that house deposit, especially as you don't need the shares once the house has been bought.
The discount could save £16k on a £200k home, plus they pay dividends on the shares that (according to the online calculator on their share site) would amount to £120 for the 2000 shares.
Also, their shareprice is low at the moment, so perhaps a good time to buy?
You have to hold 2000 shares for a minimum of 12 months before purchase, so this might only be of use if you know Belway are looking to build in the future in your area or they have a 'phased' development. Using today's share price you would have to hold £14k of shares, but I guess it's somewhere to put that house deposit, especially as you don't need the shares once the house has been bought.
The discount could save £16k on a £200k home, plus they pay dividends on the shares that (according to the online calculator on their share site) would amount to £120 for the 2000 shares.
Also, their shareprice is low at the moment, so perhaps a good time to buy?
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Comments
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RenovationMan wrote: »Shareholders must inform the Sales Representative on site when reserving the property that they are claiming shareholder discount".
No such thing as a free lunch.
I'll bet the final purchase price is no different to those bought by non-shareholders.0 -
JonnyBravo wrote: »No such thing as a free lunch.
I'll bet the final purchase price is no different to those bought by non-shareholders.
Dunno. I guess if you wait until you've hammered out a deal and then casually mention that you now want to reduce the price by the shareholders discount, then you might come out on top?
No use to me anyway as we have our 'forever' home, but I came across it (and some other shareholder discounts) while checking out my SIPP and thought I'd mention it on here.
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It's an 8% discount - no way will they offer that on top of whatever other discount you have hammered out. Well, not if you have hammered out a good deal already.No reliance should be placed on the above! Absolutely none, do you hear?0
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