Help to buy is a government scheme that helps you with the payment of your new house. How to know if you qualify; is the home a new build, less than £600,000, the only one you will own? Then you qualify, all you need is a 5% deposit up to a 75% mortgage and the government will lend you up to 20%. This loan is interest free for the first 5 years and don’t worry you will own 100% of your home. (this data is for England only).
From the launch in April 2013 to March 2019, more than 220,000 properties were included in help to buy. 81% of these were first time buyers and overall 51% of the homes were priced at £250,000 or less.
Unfortunately, in April 2021 a new scheme will be replacing this one . The new scheme will only be for first time buyers and will have regional property price caps. So you have just over a year to take on the benefits of this help to buy scheme.
Mandale homes offers the help to buy scheme on all homes under £600,000. For our most recent Mandale Homes development, Click Here.
