Help To Buy Scheme
You Only Need a 5% Deposit!
The Help to Buy scheme is backed by the government and available to first time buyers on new builds only.
What is Help to Buy?
The Help to Buy scheme is backed by the government and means you could purchase a brand new Hodson Developments home with just a 5% deposit.
Who is it for?
Help to Buy is available to first-time buyers on new-build homes only. There is no maximum income cap. If you can get a mortgage, you can get Help to Buy.
5% deposit
You only need a 5% deposit.
20% Government loan interest free for 5 years
The government will lend you up to 20% 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.
75% Mortgage
So you will only need to secure up to a 75% mortgage from a bank or building society.
£437,600 Maximum purchase
Maximum home purchase of £437,600.
The facts
- Only a 5% deposit required by the purchaser
- 20% 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 75% of the price
- Available to first-time buyers
- There’s no upper limit on your household income
- You can buy any new Hodson Developments home with a maximum price of £437,600
What’s next?
If the Help to Buy scheme 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 Homebuyers’ guide to the Help to Buy: Equity Loan below:
Call us: 020 7183 1825