Buying new in Greater London is now more affordable – and not just for first time buyers. With London Help to Buy, you could 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 might be much less than what you're paying in rent!
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 or read more about 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.