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Help To Buy

Secure your Stonebridge home by using the government’s Help to Buy scheme, available on any home up to the value of £600,000.
Under the current Help to Buy: Equity Loan scheme, Homes England have advised that the final date for house builders to take reservations is Tuesday 15 December 2020. This is to allow enough time for sales to legally complete by 31 March 2021 when the current scheme ends.
The current scheme will change from 31/03/2021 and will only be available to first time buyers and will have regional price caps (Yorkshire's price cap will be £228,100). To illustrate how Help to Buy works, if you purchased a property for £270,000 you’d pay a 5% deposit of £13,500 with a 75% mortgage £202,500 and a 20% Government loan of £54,000. Help to Buy can get you moving with as little as 5% deposit! If you are eligible, you can get an interest-free equity loan for the first 5 years from the government - up to 20% of the value of your new home. That means you only need to find the remaining 75% mortgage. You can repay the equity loan at any time*, or when you sell the property. The loan is interest-free for five years, then an interest rate of 1.75% is payable which rises annually by RPI inflation plus 1%.

How does it work

  • You can reserve a home with a deposit starting from just 5% of the total purchase price
  • The government will lend you up to 20% of the value of your new home via an equity loan, so you will only need a 75% mortgage
  • The equity loan is interest-free for five years – it can be paid back at any time* or upon the sale of your home

Where is help to buy available?

You can use Help to Buy at all Stonebridge developments.

*Eligible applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings & any deposit where required. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee of 1.75% is payable on the equity loan, which rises annually by RPI inflation plus 1%. The equity loan is provided by the HCA & held as a second charge. Terms & conditions apply & full details will be provided on request. This offer is subject to status & only available on selected developments & properties in England only. It is not offered with any other promotion. Your home may be repossessed if you do not keep up repayments on your mortgage.