Plot: 101 Topaz
Help to Buy
What is Help to Buy?
|Full market price||£475,000|
|Government Loan up to||20%|
|Maximum Government Loan from||£95,000|
The Help to Buy scheme is an equity loan provided by the Government. You are lent up to 40% of the cost of your new build home, so you will need a minimum 5% deposit and a 55% mortgage to make up the rest.
Help to Buy homes must be new build, advertised as Help to Buy by a Help to Buy registered housing provider, and have a maximum price of £600,000. Help to Buy is designed to help you move up the housing ladder, so a Help to Buy home must be your only residence.