The UK Government’s Help to Buy scheme helps first-time home-buyers and existing homeowners to buy a new-build property by providing additional financial support for the purchase of selected new-build properties up to the value of £600,000.
What is the Help to Buy: Equity Loan?
The Help to Buy: Equity Loan allows a first-time home buyer to dramatically lower the cash deposit and mortgage amount required to purchase their first home.
To qualify for a Help to Buy: Equity Loan you need to:
If you qualify for a Help to Buy: Equity Loan, the UK Government will lend you up to 20% of the cost of an approved new home. This means that you only need a 5% deposit and to be able to obtain a mortgage that covers the remaining 75% of the property price.
For example, for a property priced at £200,000, you will only need a deposit of £10,000 and a mortgage of £150,000 as the Help to Buy: Equity Loan will provide the remaining 20% of £40,000.
The Help to Buy: Equity Loan is interest-free for five years. If you decide to sell our property, you will need to pay back the loan in full from the proceeds of your sale, or if you want to remain in your home, you will pay back your Equity Loan at the agreed interest rate.
Find out more about the Help the Buy: Equity Loan in this video or visit their Frequently Asked Questions page.
Aria is a new development of luxury one and two-bedroom apartments in the vibrant city of Leicester. Our apartments have been designed for contemporary urban living, and their already affordable prices become even better when you add the benefits of using the Help to Buy: Equity Loan.
Our apartments set the tone for an exceptional standard of living with high specification kitchens and bathrooms and all appliances included, as well as a beautifully designed entrance lobby, with concierge service.
To purchase a two bedroom Aria apartment priced at £170,000, using a 20% Help to Buy: Equity Loan of £34,000, you would need:
Nestled in the heart Liverpool’s bustling commercial district, Orleans House is a Grade II* Listed development offering a sophisticated space to relax and entertain, while restaurants, shops, amenities and transport links are all on your doorstep.
Orleans House is a popular development with 65% of apartments already sold. The spacious one, two, and three-bedroom luxury apartments are designed to take advantage of the natural light and all apartments feature modern finishes for contemporary living.
To purchase a two bedroom Orleans House apartment priced at £167,000, using a 20% Help to Buy: Equity Loan of £33,400, you would need: