Help to Buy : Equity Loan
Through the Help to Buy : Equity Loan scheme, you could get your hands on your dream home a lot faster than you first thought.
To get started all you need is a 5% deposit.
How it works
The Government will lend you up to 20% of the value of the property, providing a massive contribution to your deposit.
The loan is interest-free for five years, meaning that owning your ideal home is both achievable and stress free.
You just need to secure a 75% mortgage
Various competitive mortgage rates are available with this scheme, so in to order find the best deal it definitely pays to do your research or speak with one of our sales team who can put you in touch with a specialised mortgage broker.
Who can apply?
The Help to Buy : Equity Loan scheme is available to both first time buyers and existing home owners (providing they are selling their existing home).
The qualification criteria is as follows:
The home you purchase must be your sole residence.
You will require a minimum 5% deposit.
The scheme is available only for the purchase of new build homes.
The scheme is not open to buy-to-let investors.
The scheme is not open to those who may own any other property after purchase.
There is no maximum household income needed in order to qualify for the scheme.
The maximum permitted value of the property being purchased is £600,000.
To find out more, speak to our sales team on 0800 0842 647 or simply click on the ‘Contact us’ button below.