The current Help to Buy scheme, which is available to both existing home owners and first time buyers, will end in March 2021. The new scheme, just for first time buyers, will commence from 1st April, 2021.
Help to Buy is a scheme backed by the Government to help you buy your new home. Currently, many buyers are struggling to raise a large enough deposit to get a mortgage.
Through Help to Buy, you only need to raise a 5% deposit. Using Help to Buy you can then access up to 20% of the
property price through an equity loan – you pay no interest on the equity loans for the first five years – and you will only require a 75% mortgage to cover the cost of your home – yet you will own 100% of your new Hill home.
There are two different ways to use Help to Buy:
- Outside of London, you can access a 5 year interest free equity loan for up to 20% of the cost of your new Hill home – meaning you only need a 5% deposit and 75% mortgage to purchase your new property.
- With Help to Buy London, you can access up to 40% of the cost of your new home as an interest free 5 year equity loan, and you will also only need a 5% deposit. This means you will need a 55% mortgage.
You can find out about how some of our happy customers utilised Help to Buy to purchase their dream home by visiting our Customer Testimonials page!
Help to Buy London is currently available across our stunning new homes in London. You’ll be able to benefit from this scheme at Fish Island Village in Hackney Wick, Echo One and Harrow One in Harrow.
Outside of London, you can purchase your new home with Help to Buy at Mosaics in Oxford, Sycamore Gardens in Epsom, Surrey, Keepers Green in Chichester, on apartments at Athena in Cambridge, apartments and houses at Marleigh on Newmarket Road and on selected houses across Cambridgeshire at Meridian Fields, The Hawthorns, Rayners Green, Farriers Yard and Burlington Place!
View our Help to Buy guide or our London Help to Buy guide for more information: