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Help to Buy

What is Help to Buy?

The Government has created a range of Help to Buy products to assist those who otherwise wouldn’t be able to get a foot on or up the housing ladder.

Whether you are looking to get onto the housing ladder or move up it, there are a number of Help to Buy products designed to make buying a home more affordable, including:

Shared ownership - New build and Re-sales

Shared Ownership is designed for those who cannot afford to purchase a property on the open market. This scheme allows you to purchase a percentage share of a property whilst renting the remaining share from the housing association selling the property. You can then choose to purchase further shares to increase your ownership of the property.

This scheme can be available on New Build and also second hand properties, which are referred to as re-sale shared ownership. These are homes previously purchased through the scheme and now looking to be sold. 

Shared ownership flats available in Hurst Green

Currently there are a number of stunning one and two bed apartments available at a brand new development at Meridian Square in Hurst Green. The minimum income on a one bedroom apartment is approximately £26,000 for a single applicant, £30,000 for joint applicants, and on the two bedroom apartments, it is £36,000 for a single applicant and £40,000 for joint applicants. The maximum income is £80,000.

If you are interested, please register with Help to Buy at https://www.helptobuyese.org.uk/ .

Once you have added your name to the register, please contact Nathan Wood at Latimer Homes on Nathan.Wood@latimerhomes.com or 020 7378 5509.

Meridian Square in Hurst Green

Meridian Square Price List

Equity loans

The Help to Buy equity loan is designed to help you purchase specific new-build properties priced up to £600,000 from participating registered developers with as little as a 5% deposit.

The Government lends you up to 20% of the cost of your new-build home, so you’ll only need to provide a 5% cash deposit and a 75% mortgage to make up the rest. You also won’t be charged loan fees on the 20% loan for the first five years of owning your home 

  

Want to find out more?

For more information see the leaflet Your guide to Help to Buy, visit the Help to Buy Agent East and South East website or call 03333 214044

More information is also available from the Help to Buy Newsletter Autumn 2016.