HELP TO BUY: EQUITY LOAN
- You only need a 5% deposit
- Available for new build homes and for first time buyers only
- The government will lend you up to 20% of the value of the new property
- You will own 100% of your home
- Equity loan is interest free for 5 years
- Affordable monthly mortgage payments
HOW DO I PAY OFF THE GOVERNMENT LOAN?
You won’t be charged loan fees for the first 5 years of owning your home. In the 6th year, you’ll be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year for up to 20 years. The increase is worked out by using the Retail Prices Index plus 1%.
*Eligibility and availability is subject to terms and conditions, please speak to your Sales Advisor for more information on homes that are available with Help to Buy.