Help to Buy: Equity Loan

heritagepark_helptobuy2

How does it work?

Most of the properties in Heritage Park are eligible for the Help to Buy: Equity Loan scheme. Open to both first time buyers and those looking to move up the property ladder, Help to Buy can help to make the cost of buying a new home more affordable.

With the government-backed scheme, you’ll only need a 5% deposit. The government will provide 20% of the property’s value in an equity loan, meaning you’ll need just a 75% mortgage to cover the rest of the cost.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

For more information (including advice on fees and paying back your loan) please download the Help to Buy buyers’ guide (PDF).