Help To Buy
Help to Buy is a government scheme that means you could move home with a deposit as low as 5%. Whether you're taking your first step onto the property ladder or moving up it, Help to Buy makes it possible to buy a home priced up to £600k.
Help to Buy Equity Loan
Help to Buy Equity loans allow you to purchase a new build property with a minimum of just a 5% deposit. You can then borrow up to 20% of the property value from the government as an interest free loan. This leaves you being able to raise a 75% mortgage to cover the remaining cost of the home.
Loan payments are interest-free for the first five years, and then charged at a rate of 1.75% per year. The equity loan scheme is eligible for the purchase of any new build properties in England worth up to £600,000.
Your home may be repossessed if you do not keep up repayments on your mortgage.
For more information please contact First Class Financial Solutions Ltd on 01268 568747 or email email@example.com and we will be happy to assist you.