Help to Buy

 

What is Help to Buy?

Help to Buy offers an equity loan where the government lends first-time buyers and existing homeowners money to buy a newly-built home. The government loan is interest free for the first five years and can account for up to 20% of the purchase price. If you qualify for Help to Buy, you only need to find 5% deposit.

The government has recently extended the scheme from 2021 to 2023, although the extension applies only to first time buyers so bear that in mind if you already own a home.

 

How does it work?

  • Choose your dream Larkfleet home (just check your chosen plot/house type is eligible for the scheme)
  • Complete the online application and a financial consultation
  • Reserve your new home and submit the application for your purchase. Our Independent Mortgage Advisor can assist you with this, as well as your mortgage application.
  • Instruct a solicitor for the purchase of your new home

We will monitor the progress of your purchase and will be there to guide you through the process from start to finish.

You must repay the Help to Buy percentage contribution when you sell your home or after 25 years.

 

Who is it for?

The scheme is for buyers who are purchasing their sole property for up to £600,000. It is not available for buy-to-let investors or anyone who owns any other property.

Similarly, you can’t use Help to Buy if you plan to rent out the property you buy and want to buy a second home. The scheme is for buyers who plan to use the house as their only residence.

Find out how Help to Buy could work for you by calling one of our Sales Advisors today on 0845 450 7872

More from Larkfleet Homes

You're in control with our superb buying options.

Learn more about our incredible range of buying options, including Help to Buy, Part Exchange and Assisted Sale

Find out more

Dreaming of a Summer (Stamp Duty) Holiday?

In July the Chancellor announced a temporary holiday on stamp duty on the first £500,000 of all property sales in England

Find out more

Keep in touch

Mortgage calculator

Stamp duty calculator

Copyright © 2020 Larkfleet Homes all rights reserved

The Larkfleet Group of Companies