Help To Buy Key Facts

• Only New Builds
• Government lends you up to 20% of the cost of a newly built home rest of the UK outside London
• The developer will apply to sell the properties under the Help To Buy Scheme 
• Only need a 5% cash deposit
• Mortgage to make up the rest we can refer you to a specialist
• No fees or interest for the first 5 years on the 20% 
• Your broker applies for the Help to Buy loan on behalf of the buyer 
• When you sell the home the government will take 20% of the property value at that time
• Ideally want to pay off the loan in the first 5 years if they can as it will be interest free
• Is for first time buyers and clients moving home (not available to people who own more than 1 property)
• Maximum purchase price is £600,000.
• Typically 4.5 x income for Help to Buy loan - if client has NO commitments otherwise it will be lower multiples
• There is no maximum household income

Developments with Help to Buy Available 

Maplewood Place – Redhill

Stunning brand new development of 6 family homes. 10 Year CRL Warranty. Ideally positioned for the East Surrey Hospital and Earlswood mainline rail station. Contact the Reigate branch for further details, then a link to Regiate office contact block

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Here we have lots of information relating to help and advice with mortgage and rental payments during these turbulent times.


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