How does it work?
With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
Example on a £200,000 purchase priced property;
Buyers Cash Deposit = £10,000 = 5%
Help To Buy Contribution = £40,000 = 20%
Required Mortgage = £150,000 = 75%
If you are interested in finding out more please contact us for more information or click on the following link: Help to Buy