Help to Buy
The government has created the Help to Buy schemes including Help to Buy: Equity Loan to help people take steps to buy their own home.
How does it work?
With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
Who is eligible?
Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000. The two bedroom houses at Stockhouse Farm are eligible for an Equity Loan.
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 with a Help to Buy: Equity Loan.
How do I apply?
The Help to Buy: Equity Loan scheme is run by Government-appointed Help to Buy agents. They can guide you through your purchase, from providing general information about the scheme to dealing with your application. The Help to Buy Agent that covers the Surrey area and will deal with any applications regarding Stockhouse Farm can be contacted as below:-
Telephone number: 0800 456 1188
For sales enquiries or to arrange a viewing please contact:
Hill Clements: 01483 300300