Help to Buy available on all house types

With the Help to Buy equity loan scheme, you could buy a brand new home in Nightingale Quarter sooner than you think.

What is Help to Buy?

The government launched the Help to Buy equity loan scheme to make it easier for first-time buyers to get onto the property ladder. It is also available to existing homeowners looking to purchase a new-build property.

With the government funding a portion of a property’s value, buyers can secure a mortgage with a smaller deposit and won’t need to borrow as much from a lender, opening the door to favourable rates and lower monthly repayments.

Save and borrow less – You’ll only need a 5% deposit and 75% mortgage to secure your dream home.

Government-backed – The government will fund up to 20% of the value of your property with an equity loan.

Flexible repayment – The loan is interest-free for five years and can be repaid at any time without penalty, or upon the sale of your home.

Who is eligible?

  • The Help to Buy equity loan scheme is available to first-time buyers and homeowners looking to move.
  • The home you wish to buy must be newly built and have a maximum purchase price of £600,000.
  • The home must be your only residence.
  • The scheme is not available to buy-to-let investors or anyone who will own other property after completion.

The current Help to Buy scheme runs until March 2021. A new scheme launching in April 2021 will only be available to first-time buyers. If you’re an existing homeowner, now is the time to find your perfect new-build home.

How to apply

  1. Select your preferred Nightingale Quarter property and pay the reservation fee of £500.
  2. Complete a Help to Buy application through your mortgage advisor
  3. Once approved, you will receive an ‘Authority to Proceed’, allowing the purchase of your new home to move towards completion.
  4. Arrange a mortgage and pay your 5% deposit on exchange of contracts, plus other applicable fees on completion (e.g stamp duty and legal charges).
  5. Move into your stunning new home in Nightingale Quarter.

Request an appointment

To book your appointment at haart’s marketing suite in Derby city centre, please call us on 01332 361 621 or complete the form below with your desired date and time.










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