Help to Buy – How it works
The Government offers an Equity Loan of up to 20% of the cost of your newly built home or with respect to London property, up to 40% of the cost of your home. If you take out a 20% Equity loan then you only need a 5% deposit and a 75% Mortgage. During the first five years of the 20% Government loan, you will not be charged any interest.
Help to Buy is available for First Time buyers as well as those already on the property ladder who are purchasing homes up the value of £600,000.00.
At Ison Harrison we have a thorough understanding of the Help to Buy process and procedures and are able to advise, deal with and register the loan in a timely and efficient manner. We are recommended by numerous Developers to act on behalf of purchasers as we are able to offer them the confidence that the purchase will not be delayed because of the additional paperwork that a Help to Buy loan brings.