Take a look at the most common questions surrounding the new HM Government Scheme – Help to Buy.
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 loan fees on the 20% loan for the first five years of owning your home.
Equity loans are available to first time buyers as well as homeowners looking to move. You won’t be able to sublet this home or enter a part exchange deal on your old home. Also, you can’t own any other property at the time you buy your new home with a Help to Buy Equity Loan.
The equity loan is provided by the Homes and Communities Agency and administrated by your local Help to Buy agent. The contribution is secured by a second charge on your property title registered at the Land Registry. The scheme is fully backed by HM Government.
In the example below, the house value is 200k; the buyers deposit is therefore 10k.
New Houses with Help to Buy in Macclesfield
Our new developments coming soon to Macclesfield, all available with Help to Buy.