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.
Request an appointment
To book your appointment at marketing suite in Derby city centre, please call us on 01332 321255 or complete the form below with your desired date and time.
For more information and directions to our marketing suite, click here to view our contact page.