What is Help to Buy?

The Help to Buy scheme could help you to purchase your dream home. When you put down as little as a 5% deposit on a newly built home, you can get a government Help to Buy: Equity Loan - for up to 40% of the purchase price for homes in London and 20% throughout the country. The reminder of the cost is covered by a mortgage from lenders participating in the Help to Buy scheme. You won't be charged fees on the loan for the first five years of owning your home. Alternatively Help to Buy: ISA which is another scheme lead by the government may also help you take the steps to buy your own home.

Help to Buy - How it works

Equity loans are available to first time buyers as well as some homeowners looking to move, as long as the following are met:
• The home you are looking to purchase must not cost more than £600,000
• You must buy this home to live in, and not as a buy to let property
• You must not own any other property at the time you buy your new home

Help to Buy: Equity Loan

• 5% deposit required
• 20% loan from Government
• You obtain a mortgage for the remaining 75%
• No fees charged on the 20% loan for the first five years of ownership

Land Enquiries

abode have a proven track record and wealth of experience in successfully delivering innovative planning solutions with an emphasis on quality design. Our land team are continually seeking new opportunities whether brownfield, greenfield or more strategic.

Please contact Julian Daniels, our Land & Property Executive at jhd@abode.homes or call 07885 977 921.