Why is help to buy* for us?
If you have 5% deposit saved and are interested in a new build home but want to make your mortgage repayments more affordable, Help to Buy* is for you.
What do you need to know?
You'll need a minimum of 5% deposit to qualify.
Available to all home movers (not just first-time buyers) purchasing a single property who do not currently own a property in or outside of the UK.
The Government will lend you up to 20% of the value of your property through an equity loan.
You only need to secure up to 75% mortgage.
You won’t be able to sublet this home or own any other property at the time you buy your new home with a Help to Buy* Equity Loan.
The government equity loan is interest free for the first five years. From year six a fee of 1.75% will be charged, rising annually by rpi inflation plus 1%. The equity loan can be repaid at any time within 25 years (or the terms of the mortgage), or on sale of the property.
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