Whitehall Homes has been registered with Help to Buy since 2014 and generate 30% of our sales through Buyers who wish to use Help To Buy. The selling agents and their preferred brokers can help you gain more information and knowledge on Help To Buy and can help guide you through the process.
This campaign supported by HM Government helps the Buyer buy a new-build property with a 20% equity loan, based on a 75% mortgage, the buyer is only required to put down 5% for the purchase price. Please note there are additional costs such as conveyancing, lender fees, SDLT (Stamp Duty and Land Tax**), etc., and the buyer most make his own enquiries regarding these.
However you should inform yourself on the official website – CLICK HERE TO LEARN MORE.
Example – 2-bedroom apartment
£275,000 – Price of Property
£206,250 – Mortgage (75%)
£55,000 – Help to Buy Equity Funding (20%)
£13,750*** – funding required by purchaser
Example – 3-bedroom house
£385,000 – Price of Property
£288,750- Mortgage (75%)
£77,000- Help to Buy Equity Funding (20%)
£19,250*** – funding required by purchaser
* Terms & Conditions apply, including eligibility.
** First Time Buyers can claim a relief on SLDT. Read more HERE.
*** Please note there are additional costs such as conveyancing (typically around £1,500).