Help To Buy Scheme | Burrington Estates

Help to Buy has now change

The Government has announced a new Help to Buy scheme to run from April 2021. It is restricted to first-time buyers and includes regional property price caps to ensure the scheme reaches people who need it most. There are no changes to the current Help to Buy equity loan scheme which runs to March 2021.

The new scheme will run from April 2021 to March 2023. As with the current scheme, under the new scheme, the Government will lend buyers up to 20% of the cost of a newly built home, and up to 40% in London.

What is Help to Buy?

A Government-funded scheme which allows you to buy a brand new home with just a 5% deposit. With competitive mortgage rates also currently available, there is no better time to buy!

Who can benefit from Help to Buy?

Help to Buy is only available to first time buyers.

Buying your dream home is easier than you think…

Only available on new build properties, the Help to Buy equity loan allows you to move in with only a 5% deposit. It is available to first-time buyers.

The Government will provide you with an equity loan of up to 20% of the value of the property. This loan is interest free for the first five years and can be repaid at anytime within 25 years (or the term of the mortgage) or on the sale of the property

You would need to secure a 75% mortgage (80% in Scotland). With this scheme, a variety of competitive mortgage rates are available, so that you can find a mortgage suitable within your budget

You can repay the Help to Buy equity loan at any time, or on your home’s sale

The Help to Buy loan is only available on new build homes within the South West at prices of up to £349,000

Your mortgage must be capital repayment (not interest only)

Help to Buy is only available on properties occupied by the mortgage holder(s) (not buy to let)

Make your move with peace of mind

Help to Buy allows you to secure your Burrington Estates Home, with only a 5% deposit. Burrington Estates offers the promise of high-specification, innovative, spacious designs, with exceptional standards in finishes and design across all of our new homes.

At Burrington Estates, we also ensure that all customers receive a first-class buying experience, from the first enquiry to long-lasting aftercare, following the various stages of our Customer Experience Journey. See here for details.

For more information

If you would like more information on Help to Buy, get in touch with one of our Sales Managers on 03333 445757 or info@burringtonestates.com, who can explain how Help to Buy could help you.

Help to Buy is only available on specified developments. Terms and conditions apply. Contact us for further information.