CORONAVIRUS FAQ’S. – We are operating as usual. Visits continue by appointment with safety measures in place.

Help to Buy

The key to an affordable move

If you’re a first-time buyer ready to make the move to an Avant home, Help to Buy could be everything you need to kick-start your journey. With a Help to Buy: Equity loan the government lends you up to 20% of the value of your new home and you only require a 5% deposit. 

Here's how it works on a £200k home

HTB House graphic

Why wait - call or book an appointment
at one of our developments to find out more!

Help to Buy: Equity Loan (2021-23), England. First-time homebuyers who meet affordability and lending terms can borrow an equity loan of up to 20% (40% in London) of the sale price of a new build home. How much you can spend on your home will depend on which region it is in. North East £186,100; North West 224,400; Yorkshire and the Humber £228,100; East Midlands £261,900; West Midlands £255,600; East of England £407,400; London £600,000; South East £437,600; South West £349,000. You must fund at least 80% (60% in London) of the sale price with a mortgage and at least a 5% deposit.

Pay no interest on the loan for the first 5 years. Interest fees start at 1.75% and rise each year in April by the Consumer Prices Index (CPI) plus 2%. You pay a monthly management fee of £1 for the life of the loan. Homes England, the lender, secures the equity loan as a second charge on your Help to Buy home. You must repay the equity loan when you sell the home or pay off your mortgage. You can repay all or part (10% to 30%) of the loan any time before then. An independent financial adviser and a solicitor may be able to help you decide if Help to Buy is right for you.

Your home may be repossessed if you do not keep up repayments on your mortgage, equity loan or other loans secured against it.

https://www.helptobuy.gov.uk/equity-loan