Help To Buy
The Help to Buy scheme is backed by the government and available to everyone.
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 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.
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.
£600,000 Maximum purchase
Maximum home purchase of £600,000.
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 and current homeowners who meet the qualifying criteria
- There’s no upper limit on your household income
- You can buy any new Hodson Developments home with a maximum price of £600,000
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 Homes and Communities Agency Help to Buy Buyers Guide below:
Call us: 020 7183 1825