Help to Buy Scheme
Fill out this form for further information on the Help to Buy Scheme
What is Help to Buy - Equity Loan?
This scheme offers a 10%, 15% or 20% equity loan funded by the Government through the Homes and Communities Agency (HCA) on new build properties.
With a Help to Buy equity loan, the government loans you up to 20% of the cost of a new-build home, so you only need a 5% deposit and a 75% mortgage to make up the rest.
Help to Buy equity loans are open to both first-time buyers and home movers on new-build homes worth up to £600,000. You won't be able to sub-let your home.
The equity loan is interest free for the first 5 years, after this, a fee of 1.75% rising annually by the increase (if any) in the Retail Price Index (RPI) plus 1% (please see the Help to Buy Buyer's Guide for examples).
Example of a purchase with an equity loan scheme Cost Percentage
Property purchase price - £200,000
Your mortgage - £150,000 = 75%
Equity loan - £40,000 = 20%
Cash deposit - £10,000 = 5%
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