New London Help to Buy makes it easier to buy a property in London.
All you need is a 5% deposit to secure your home. The Government will provide an equity loan of up to 40% of the property value, meaning you only have to secure a mortgage of up to 55% from a bank or building society. The Government equity loan is interest-free for the first five years and can be repaid at any time during the loan term or on the sale of your home.
London Help to Buy:
- Requires a minimum deposit of only 5% of the property value of your new home
- Is available on new-build homes up to £600,000
- Is available for properties located in one of London’s 32 boroughs, or the city of London itself
So what are you waiting for? If you are looking for a new home in London we could have the one that’s right for you. Start your search today.
Click here for full terms and conditions