Help To Buy
How does the Help To Buy scheme work?
With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
You won’t be charged interest on the 20% loan for the first five years of owning your home
The example above is based on a £200,000 price tag.
If the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.
If you’re looking at buying your first home, take a look at our First Time Buyers page, with information regarding obtaining a mortgage in principle and what types of mortgage there are.
To learn more about how the Help To Buy government scheme works, you can visit the governments website here.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Our fees and charges vary depending on the Services we provide to you. We charge a fee of up to £500 payable upon Completion. Our typical fee is £200. We will also be paid commission from the lender.
We’re here to help you with the Help To Buy process.
Why Choose Us
Friendly & Experienced Mortgage Advisors
Access To A Wide Range Of Mortgage Providers
Support & Guidance Throughout The Whole Process
10-12 Oxford Street, Daventry, Northants, NN11 4AD
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Affinity Mortgage Solutions Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered Office: 10-12 Oxford Street, Daventry, Northants, NN11 4AD. Registered in England and Wales. Company number: 4565235