HTB Graphics 200pxThought you couldn't afford to buy your own home? Think again, the ‘Help to Buy’ scheme could make your dream of owning your own brand new home come true!

If you have saved just 5% deposit then you could apply for a 20% equity loan that'’s interest free for the first 5 years.* What’'s more, we can help you arrange a competitive 75% loan-to-value mortgage, so your monthly mortgage payments may be much less than you think!

 

Why is this for us?

If you have 5% deposit saved and are interested in a new build home but want to make your mortgage repayments more affordable, then ‘Help to Buy’ is for you. 

What do we need to know?

  • You'’ll need a minimum of 5% deposit to qualify
  • Available to all home movers (not just first time buyers)
  • The Government will lend you up to 20% of the value of your property through an ‘equity loan’, which can be repaid at any time within 25 years or on the sale of your home, whichever occurs earliest
  • So you'll only need to secure up to 75% mortgage from a bank or building society
  • The ‘equity loan’ is interest free for the first five years
  • Maximum home purchase of £600,000

Find out more about the new London Help To Buy scheme here.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

*Terms and Conditions apply. With the Help to Buy scheme you can purchase your new home for just 80% of the full purchase price. A minimum of 5% deposit is required. The outstanding balance is financed through an ‘equity loan’ funded by the HCA, which is interest free for the first 5 years. The outstanding balance is paid back as a percentage of the Open Market Value after 25 years or subsequent re-sale, whichever occurs earliest.

 

Help to Buy Calculator

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Min.
£2.5k
Max.
£30k

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Min.
1%
Max.
10%

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Min.
25 years
years
Max.
35 years

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Max.

Your results

Your deposit: 5%
Help to buy loan: 20%
Your mortgage: 75%
Purchase price:

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Help to Buy - How does it work

Our Help To Buy calculator is provided for basic guidance only and is based on the current Help To Buy scheme with 20% equity loan; Fairview New Homes does not offer mortgage advice, please contact the mortgage team at Torc24 for details on mortgage availability. Not all lenders will offer products accommodating all calculations possible with this calculator. This calculator does not include the additional fees which may be payable to your lender such as arrangement fees, valuation fees, early repayment charges, insurance or taxes and stamp duty etc.

It is advised to speak to an independent financial advisor or preferred lender before agreeing to a mortgage.
This calculator does not include all the information you will need to apply for a mortgage.
This calculator assumes that the minimum allowable deposit on a ‘with Help to Buy’ mortgage is 5% and the maximum allowable deposit is 30%.