Help to Buy is a Government backed scheme which helps homebuyers across England to purchase a new-build home. It is available to both first time buyers and existing homeowners.
So how does it work?
Help to Buy means you can get moving with as little as 5% deposit. Eligible buyers will receive an interest free equity loan from the Government of up to 20% of the value of the new home, meaning you only need to secure the remaining 75% mortgage from a bank or building society.
It is available to existing homeowners as well as first-time buyers and can be used on homes up to the value of £600,000.
The equity loan can be repaid at any time. Alternatively it can be paid on the sale of the property and is interest free for five years. After this an interest rate of 1.75% is payable which rises annually by RPI inflation plus 1%.
Where is Help to Buy available?
Help to Buy is available across all Stonebridge Homes developments. To find out more about how it could work for you, we would recommend contacting one of our Sales Executives at our developments throughout the region.
Help to Buy calculator
Find out how Help to Buy could work on your new property with our handy calculator…