London Help to Buy

London Help to Buy is a new scheme backed by the government, available to everyone.

Help to Buy happy couple
Help to Buy couple shaking hands with solicitor London Help to Buy

What is London Help to Buy?

Help to Buy is a new scheme backed by the government which means you could purchase a brand new Hodson Development home with just a 5% deposit.

To reflect the difference in the London property market the government has increased the equity loan available to London home buyers.

London Help to Buy means that you could afford to buy a Hodson Developments home in London with a 40% equity loan, 55% mortgage and only a 5% deposit.

London Help to Buy logo

Who is it for?

The London Help to Buy scheme is available to everyone, whether you’re a first-time buyer or an existing homeowner who is looking to move up the housing ladder into a new home.

There is no maximum income cap. If you can get a mortgage, you can get Help to Buy.

The scheme is available on new build homes valued up to £600,000 within the 32 London boroughs and the City of London. All you will need is a 5% deposit and a 55% mortgage from a bank or building society. The balance of up to 40% will be covered by a government equity loan. This equity loan is interest-free for the first five years

5% diagram London Help to Buy

5% deposit

You only need a 5% deposit

40 diagram London Help to Buy

40% Government loan interest free for 5 years

The government will lend you up to 40% of the value of your new property through an equity loan which is interest free for 5 years and can be repaid at any time or on the sale of your home.

55 diagram London Help to Buy

55% Mortgage

So you will only need to secure up to a 55% mortgage from a bank or building society

600k diagram London Help to Buy

£600,000 Maximum purchase

Maximum home purchase of £600,000

London Help to Buy diagram
London Help to Buy diagram

The facts

  • Only a 5% deposit required by the purchaser
  • 40% is covered by a HCA equity loan which is interest free for 5 years and doesn’t have to be repaid until you sell
  • You obtain a mortgage for 55% of the price
  • Available to first time buyers and current homeowners who meet the qualifying criteria
  • There is no upper limit on your household income
  • You can buy any new Hodson Developments home with a maximum price of £600k

What’s next?

If London Help to Buy would help get you moving, book an appointment with one of our Sales Consultants at one of our developments.

For further information on the Help to Buy scheme please see the Homes and Communities Agency Help to Buy Buyers Guide below:

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London Help to Buy Calculator

Enter property purchase price:

Help to Buy is only available on properties priced up to £600,000

You need a deposit of:

40% interest free loan*:

Mortgage required:

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Call us: 020 7183 1825

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Hodson Developments
Office 9
55 Park Lane
London
W1K 1NA

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