Move to a brand new home with just a 5% deposit
New for 2021, Help to Buy: Equity Loan is a government-backed scheme for first time buyers where you can buy a new BexleyCo Homes property up to the value of £600,000 with just a 5% deposit.
How does it work?
If you’re a first-time buyer in England, you can apply for a Help to Buy: Equity Loan and you only need to have a minimum 5% deposit. We’ll help you secure a government equity loan from Homes England for an additional 40% deposit. This loan is secured on your property and can be repaid at any time within 25 years or on the sale of your home, whichever happens first – plus you’ll pay no interest for the first 5 years!* We can also help you arrange a mortgage (via independent financial advisors) for the 55% balance.
For more information visit: www.helptobuy.gov.uk/equity-loan/equity-loans