Here’s how it works ...
- Help to Buy is available to all homebuyers.
- You only need a 5% deposit to qualify.
- The Government will lend you up to 20% of the value of your property through an equity loan.
- The loan must be repaid within 25 years or on the sale of your home.
- You’ll only need to secure up to a 75% mortgage from a bank or building society.
- Available to existing homeowners.
- This offer is available to anyone who wishes to reserve now!
So you pay just 80% of the property price now, and the remaining 20% is provided by a Government equity loan. This is interest free for the first 5 years, and could make your monthly mortgage repayments lower. For full details and how Help to Buy could help you make the move to a new, Abbey Prestige home, contact your sales advisor.
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