Stewart Milne Homes has launched An exclusive fixed rate mortgage deal equivalent to 4.99%, the lowest currently advertised on the market. Offering not just the highest quality homes in the best locations, the company is now working with its customers to demonstrate it has never been a better time to buy a Stewart Milne Home.

The deal, which offers homebuyers a fixed rate of 4.99% for three years on a range of Stewart Milne properties, is available for a limited period only and is arranged through a range of preferred independent financial advisers.

With homes being built across Scotland and the North of England, Stewart Milne Homes builds family homes and luxury apartments to a high specification, with large spacious interiors, focusing on location, design, space, luxury, elegance and quality of life. The company has won top building and design awards, being acclaimed by the NHBC and the UK Property Awards committees.

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Notes to Editors

Mortgages are organised with an Independent Financial Advisor and take advantage of an exceptional rate of 4.99% fixed rate for the first three years. • No administration fee • Fixed rate until August 2011 and then a bank variable rate for the rest of the term • Mortgage must be arranged through Stewart Milne preferred mortgage advisors • Available on selected properties • Loans are subject to availability and to meeting lender criteria • Terms and conditions apply. Your home may be repossessed if you do not keep up the repayments on your mortgage

Offer is available on selected plots only and subject to a maximum incentive available on each plot. The following is based on a typical example of a purchase price of £250,000, repayment mortgage of 90% (£225,000) and lender's fixed rate of 5.99% until 30/09/2011, then bank variable rate of 7.00% for the rest of the term. The overall cost for comparison is 7.30%. Maximum LTV 90% up to £500,000. Stewart Milne Homes will subsidise the mortgage payments giving and effective rate of 4.99%. Calculated over 25 years the monthly cost on 5.99% is £1,448.30, subsidy £134.28, net cost to borrower £1,314.02.

Stewart Milne Homes will refund the arrangement fee on completion. Early repayment charges apply to the end of the fixed rate period. Ask for a personalised illustration. The actual rate will depend upon your circumstances. This mortgage is only an example of the mortgages available and all loans are subject to status. Applications must be made through Stewart Milne Home's preferred mortgage advisers. Interest rates correct as at 21/08/2008. Issued and approved by Lifetime Planning Ltd. Unit 2, Parkway Court, 291 Springhill Parkway, Glasgow Business Park, Glasgow G69 6GA. Registered in Scotland company number SC167009. FSA number 401903. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

For more information contact:

Angela Casey/Joanne Bell CM Porter Novelli 0131 470 3400 angela.casey@porternovelli.co.uk