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London Help to Buy: scheme

Get an increased government loan of 40% if you’re buying a new build home in London
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London Help to Buy: scheme is a great way for those wanting to buy a home in the capital but only have a small deposit (minimum of 5% required).

The London Help to Buy: scheme works in exactly the same way as Help to Buy: equity loan but recognises the current difference in London property prices, giving new build home buyers access to an increased government equity loan of 40%.

Am I eligible for the London Help to Buy: scheme?

  • It must be a new build property built by a participating builder;
  • It must be your main residence and only dwelling (you will not be intending to rent it out);
  • The mortgage must be capital and repayment (not interest only);
  • The scheme is only available in the 32 London Boroughs or the city of London 
  • Maximum purchase price of £600k

The scheme does not guarantee your mortgage payments. You are responsible for paying your mortgage under this scheme in exactly the same way as any other mortgage. The benefit to you is that it may enable you to get a mortgage to buy your home with a lower deposit.

For more details speak to one of our qualified mortgage advisors or go to the Help to Buy Scheme website.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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  • Mortgages
  • Personal Mortgages
  • Help to Buy

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