“With Help to Buy, we were lucky enough to find an affordable two bedroom semi-detached new build which really is everything we could hope for and more for our first home together.”
Here’s an example of the equity loan scheme based on the purchase of a Bargate home worth £300,000…
5% deposit of £15,000
20% Help to Buy equity loan of £60,000
75% mortgage of £225,000
The equity loan is available on new build properties up to a maximum of £600,00. further information is available in the Help to Buy Buyers Guide.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.
*Subject to status, ‘Help to Buy’ Terms & Conditions are available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.