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The Help to Buy scheme is backed by the government and available to first time buyers on new builds only.
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.
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.
You only need a 5% deposit.
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.
So you will only need to secure up to a 75% mortgage from a bank or building society.
Maximum home purchase of £437,600.
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: