Buying new in Greater London is now even more affordable – and not just for first time buyers – you can now get up to 40% of the price of a new home funded by the government in the form of a 25-year equity loan.
If you have your heart set on a superb new Fairview home or apartment in the capital, and you have a deposit of just 5%, London Help to Buy can help.*
You could get a mortgage of only 55% – just think how affordable those repayments could be. It could be so much cheaper than renting!
Help to Buy is now a well-established and successful scheme which enables purchasers to secure a new home with just a 5% deposit.
To find out more, view our video from the gallery or read more from London Help to Buy 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 and any incentive is strictly subject to utilising the services of a Fairview approved I.F.A. & panel solicitor/licensed conveyancer. With the Help to Buy scheme you can purchase your new home for just 60% 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 is available on selected, limited properties only. No other incentives are available. Arrangement fee required by purchaser. Mortgage illustration is based on a purchase price of £400,000 with a minimum 5% deposit required by the purchaser, a 40% equity loan funded by HCA and a 55% LTV mortgage of £220,000 at 3.89% APR two year fixed rate over a 25 year term, subject to status. Mortgage is indicative only.