Help To Buy
Here to help!
The Help to Buy Scheme Explained
‘Help to Buy’ is a government scheme created to help first time buyers and existing home owners to purchase a home and get on the property ladder, with as little as a 5% deposit.
At Carlton Developments we have a lot of experience in dealing with this method of buying a home, especially because it is only available to new build properties and so suits our homes perfectly.
How does the Help to Buy Scheme work?
The government lends you up to 20% of the purchase price of your new build home
You put down a 5% cash deposit
You get a 75% mortgage for the remaining cost.
Who can use the Help to Buy Scheme?
Equity loans are available to first time buyers as well as homeowners.
What do I need?
You will need a 5% cash deposit to use the governments help to buy scheme.
You must not own any other property at the time you buy your new home.
What else do I need to know?
There are no loan fees charged on the 20% loan for the first five years.
The help to buy scheme is only applicable to new build properties
You can take advantage of the help to buy scheme on any new build property with a price tag of up to £600,000.
If you would like further advice regarding purchasing new build properties or the Help to Buy Scheme, please feel free to contact us on 01202 287006.