ALL OF OUR NEW HOMES FOR SALE ARE NOW AVAILABLE TO PURCHASE WITH "HELP TO BUY".
Help to Buy is a new Government backed Equity Loan Scheme designed to help buyers purchase a new property in a way they can afford.
Help to Buy is open to all home buyers (not just first time buyers) who want to buy a new home but are struggling as a result of mortgage requirements.
You can buy one of our new homes using a Help to Buy Equity Loan with a 75% conventional mortgage and a 5% deposit.
Currently, many buyers are struggling to raise a large enough deposit to get a mortgage. Through Help to Buy, you only need to raise a 5% deposit (depending on your chosen mortgage lender) and can then access up to 20% of the property price through an equity loan.
The Equity Loan is provided by the Homes and Communities Agency (HCA).
You pay nothing on the Equity Loan for the first 5 years. After 5 years the equity loan will be subject to a fee of 1.75% per annum on the outstanding amount of the equity loan. This fee will increase each year by RPI (Retail Price Index) plus 1%.
We always recommend that you seek financial advice to determine how much your monthly payments will be at this point.
When you sell your property or choose to repay some or the entire Equity Loan, the amount you have to pay back will be based on the market value of your property at that time.
Help to Buy is available to all new home buyers – not just first time buyers.
For further details - please make contact with the Help to Buy Agent:
Call: 0300 790 0570
This web site is also very helpful www.ownyourhome.gov.uk