Thanks to this English government scheme, equity loans are now available for first time buyers and second time movers.
A UK government-backed scheme that could help you to move in with 5% deposit.
Equity loans are now available for homes worth up to £600,000. With Help to Buy England the English government will lend you up to 20% of the property value through an equity loan. You’ll only need to secure up to a 75% mortgage from a bank or building society.
From the time you receive the shared equity loan, you will be charged an administration fee of £1 per month for the first 5 years of owning your home.
- Your dream home is worth £200,000
- You need to contribute at least 5% of the property price as a deposit: £10k
- The english government will give you a shared equity loan for up to 20% of the price: £40k
- The mortgage lender. You will need a mortgage of up to 75% to cover the rest: £150k
Help to Buy England is available on the majority of our UK developments. For more information on Help to Buy England, please click here.
For information on Help to Buy Wales, please click here
Please contact our sales adviser for more information.