London Help To Buy
Get London Help To Buy Quote
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London Help To Buy
To reflect the current property prices in London, from 1 February 2016 the Government is increasing the Help to Buy: Equity Loan scheme’s upper loan limit from 20% to 40% for buyers in all London boroughs. Open to first time buyers and homeowners, put down as little as a 5% deposit on a newly built home and the Government takes equity for up to 40% of the purchase price. You won’t be charged loan fees on the 40% loan for the first five years of owning your home.
Eligibility
- The home you want to buy must be newly built with a purchase price of up to £600,000
- You won’t be able to sublet this home or enter a part exchange deal on your old home
- You must not own any other property at the time you buy your new home
Terms & Conditions apply. (HM Government, 2019*)
This firm charges a fee of up to £595 for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
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