Help to Buy Scheme

How does it work?

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

 

Who is eligible for help to buy?

  • You will need a minimum 5% deposit of the property's value.
  • The property value cannot exceed £600,000.
  • 75% for first-time buyers and new build properties
  • If you have a property to sell you can still use Help To Buy on your new home
  • You cannot own another property in the background or rent these properties out

 

The following properties are now available at Medburn Park as part of the Help to Buy scheme:

Help to Buy Logo Backed by HM Government

 

Plot House Type Standard Price Help to Buy Price Deposit required @ 5%
49 Rudchester £535,000 £428,000 £26,750
47 Ogle £560,000 £448,000 £28,000
42 Milbourne £595,000 £476,000 £29,750
11 Rudcester £545,000 £436,000 £27,250

 

 

For more information please call our sales team on 01661 826096 or visit https://www.helptobuy.gov.uk for information about the Help To Buy scheme.