Help to Buy: Equity Loan
How does it work?
Most of the properties in Heritage Park are eligible for the Help to Buy: Equity Loan scheme. Open to first time buyers. 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) visit www.helptobuy.gov.uk/equity-loan/equity-loans/ or download the Help to Buy buyers’ guide (PDF).