Help to Buy is the Government backed scheme designed to help get you moving, whether you’re a first time buyer or you already own a home.
With Help to Buy you’ll need just 5% deposit to buy a new home – so can be ideal if you’re saving for a deposit for your first home or if you’re moving up and only have limited equity.
The Government will lend you up to 20% of the value of your new build home via an equity loan. This means you only need to secure up to a 75% mortgage, so you’ll have access to competitive rates. The Help to Buy equity loan can be repaid at any time or on the sale of your home and can be used on homes up to £600,000.
The government website is a useful place to find out more – you can take a look at it here
There is also a useful factsheet from HM Treasury that you can download here
If Help to Buy sounds like it could be for you, then please get in touch with one of our Sales Negotiators today.