Your mortgage 75% £243,750
Deposit 5% £16,250
Equity Loan 20% £65,000
Total Purchase Price £325,000
Reserve this home now using the Government Help to Buy scheme which gives you the opportunity to own 100% of your home for 80% of the price, with a 5% deposit.
What is help to buy?
With Help To Buy you can buy your new home with the assistance of a Government funded loan.
The Government will lend up to 20% of the value of a new build home through an equity loan*. The buyer contributes a deposit of their own (minimum 5%), then the Help to Buy scheme supplements that deposit to provide a 25% deposit in total. This leaves the buyer needing a mortgage for 75% of the property value.
*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.
T&c's apply.
Call now for further information and to arrange your appointment to view .
Images used are of Plot 1.
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