Help to Buy
New Malden, London
No of bedrooms
Est. completion date
September - October 2022
Help to buy
Located on the popular Kingston Road, Kingston East is a range of stylish studio, 1, 2 and 3 bedroom apartments and 2 and 3 bedroom duplexes in London’s greenest borough. With over a 100 parks and open spaces in the area, you’ll enjoy the relaxing feel of village living but with the busy lights of London just around the corner.
A great way to get on the ladder
The Help to Buy scheme is a great way to take your first step onto the property ladder and make one of our special homes yours. Once you’ve got your deposit, all you need to do is secure a 75% mortgage (which we can advise you on) and then the government will cover the remaining 20% in the form of an equity loan, which is interest free for the first 5 years.
It’s worth noting that a regional property price cap will be introduced on the scheme, which, for the South-East will be £437,600. But even then, your dream of owning your own property might be closer than you think.
Is Help to Buy right for you?
No age limits
There’s no age limit when it comes to taking advantage of the scheme and it’s open to all UK residents living in the UK. So long as you don’t own any other property at the time of purchase, in or outside of the UK, you can apply.
To be applicable for the scheme, you’ll need a minimum deposit of 5% and a minimum mortgage of 55%. If you need more information about getting a mortgage, we can help advise you—so just get in touch.
When it comes to paying back the loan, after 5 years, you pay 1.75% of the outstanding amount, which rises each year by the increases (if any) in the Retail Prices Index (RPI) plus 1%. You repay the loan after 25 years, or when you sell your home. Whichever happens first.