Help to Buy – Equity Loan

Help to Buy – Equity Loan

Help to Buy Equity Loan Scheme – New build property

With a Help to Buy: equity loan the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Who Is eligible

Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000. You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy equity loan.

The Government have a number of schemes available to help first time buyers get on to and home movers work their way up the housing ladder. The details of the Help to Buy Equity Loan Scheme – New build property are detailed below with more information available at www.helptobuy.org.uk

On clicking the above link you will leave the regulated site of Wooton & Bean Financial Solutions Ltd. Neither Wooton & Bean Financial Solutions Ltd or Tenet are responsible for the accuracy of the information contained within the linked site

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. 

Mortgages

Mortgages by Wooton & Bean

We will discuss circumstances including such areas as your income, outgoings, future plans and savings to quickly establish what is possible.

Insurance

Our experts can review your insurance needs provide you with a tailored recommendation to suit your circumstances. 

Specialist Lending

Specialist Lending Services from Wooton & Bean

Wooton & Bean Specialist Lending Solutions offer a range of commercial and specialist lending options.