Maplevale Homes

Help to Buy



Whether you are looking to buy your first home or to move up the property ladder, Help to Buy can make your purchase much more affordable. As long as you have a minimum 5% deposit and are buying a new-build property up to £600,000 you can apply for an equity loan of up to 20% of the value of the property.

 

Help to Buy Equity Loans



Help to Buy Equity Loans are interest free for the first five years with interest payable from year six linked to the Retail Price Index.

The loan can be repaid at any time within 25 years (or the term of the mortgage), or on sale of the property.

Help to Buy is only available on capital repayment mortgages on properties which are occupied by the individual(s) taking out the mortgage. It is not available on interest-only or Buy-to-Let mortgages.

You don't need to be a first time buyer.

Here's an example of a Help to Buy Equity Loan for a new home with a purchase price of £300,000:

If you would like to find out more about Help to Buy please ask the Sales Agent at any of our developments.

You can also visit the Government website at: www.helptobuy.gov.uk

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