The Help to Buy Equity Loan is a Government-backed scheme which can help you to move into a new McDermott home with just a 5% deposit. The Help to Buy scheme is available to first time buyers as well as existing homeowners who are looking to move up the property ladder.

 

Help to Buy Equity Loan

  • All you need is a 5% deposit
  • Available on all new homes up to £600,000
  • Available to all purchasers and not just first time buyers
  • The Government will lend you up to 20% of the value of the property through an equity loan, which can be repaid at any time or upon the sale of your home
  • The loan is interest and repayment free for the first 5 years
  • You will only need to secure up to a 75% mortgage from a bank or building society.

Help to Buy Equity Loan is not available on all developments, terms and conditions apply. Please ask the Sales Executive for further details or refer to www.helptobuy.gov.uk

 

 

Help to Buy calculator

Help to Buy

Your Help to Buy breakdown

75% Mortgage cost £0
20% Government loan £0
5% Deposit £0