Your ideal home could be closer than you think
First-time homebuyers who are eligible for an equity loan can borrow up to 20% (40% in London) of the purchase price of a new build home. How much you can spend on your home will depend on which region it is in, in the South East this will be capped at £437,600.
here's how it works
You'll need a 5% deposit
The Government could lend you up to 20% interest free for 5 years, and repayable at any time, or when you sell.
So you can get a regular mortgage from a bank or building society for as little as 75% of the price!
You own 100% of your home!
Terms & Conditions: Help to Buy is available on all homes for first-time buyers, with a purchase price up to £437,600 in the South East, subject to status and affordability criteria, terms and conditions apply. The Help to Buy scheme is subject to availability and may be withdrawn at any time without notice. Not to be used in conjunction with any other offer. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Not available for second homes or buy to let properties.