The government backed Help to Buy scheme, along with the Stamp Duty reform, has made buying a new home more affordable. The scheme is available on new build properties and is an option for all home buyers with a 5% deposit.
Secure your new home with just a 5% deposit and then receive up to 20% equity loan, interest free for the first 5 years. It can be used by first time buyers and existing homeowners if your current property is under offer. You will own 100% of your home.
Purchase price = £259.000
5% Deposit = £12,950
20% Equity Loan = £51,800
75% Mortgage = £194,250
Ask our specialist team for further details on this Government backed scheme or visit the Help to Buy website at https://www.helptobuyneyh.co.uk/