Help to buy
London
Don't think you can afford a new home?
Help to buy is here to help
What is it?
The new Help to Buy London scheme launched on 1st February 2017 as part of a package of measures to help Londoners to own a home of their own over the next five years:
- A minimum 5% deposit of the purchase price is required.
- The H2B scheme will provide an equity loan for up to 40% of the purchase price.
- A mortgage makes up the rest!
- The equity loan is for a maximum of 25 years or earlier if you decide to sell the property or the mortgage is redeemed, whichever term is the shorter of the two.
For example; if you were to purchase a 2 bed apartments for £400,000 a 5% deposit of £20,000 would be needed. The government would provide an equity loan of £160,000 (40%) and you would need a mortgage of £220,000 (55%).
Click the icons below for more information on help to buy or to check out our current properties
Our Homes
Help to buy expert
Craig Dougan is our very own expert in all things
(specifically help to buy)
If you need any further guidance then please feel free to get in touch.
E: craig.dougan@northfields.co.uk
T: 020 8280 9600