Help to Buy
We’re pleased to offer London Help to Buy at Maple Grove. The government-backed Help to Buy scheme has assisted over 130,000 people into home ownership with as little as a 5% deposit.
HOW DOES HELP TO BUY WORK?
The London Help to Buy equity loan scheme enables first time buyers and existing home owners to purchase a new home with just a 5% deposit.
The government will lend you up to 40% of the value of your new home, leaving you to raise the remaining 55% from your mortgage provider. Significantly, you will not be charged any fees on the 40% loan the government would provide for the first five years.
A WORKED EXAMPLE
Asking Price: £400,000
5% deposit: £20,000
40% Help to Buy contribution: £160,000
55% mortgage required: £220,000
*Help To Buy is subject to scheme rules & on selected homes only.
To find out more about London Help to Buy, including how it works and buyer testimonials, click here.