• The Government will lend you up to 40% of the value of your property in London … Every effort has been taken to ensure the information provided here is accurate however, particulars regarding local amenities and their distances are for general guidance only. You’ll need your own 5% deposit. Shared ownership is popular in London… Featuring premium German kitchens by Hacker, the gated development … Three communal roof terraces with fantastic views, a residents' lounge, co-working space … (NB: the scheme will only be available to first time buyers from 1 April 2021). Eligible applicants will be offered an equity loan of up to 40% of the purchase price at the open market value. Elevations and treatments may vary. For full details on the HM Government-backed Help to Buy: Equity Loan scheme please visit www.helptobuy.gov.uk. • Help to buy homes: only new build homes qualify. This loan is interest free for the first five years. Shared ownership schemes allow you to buy a share in a new-build flat and pay rent on the remainder. 40% Government equity loan - interest free for the first 5 years. Copyright 2020 Persimmon plc. Housebuilder Directory. From year six a fee of 1.75% is payable and will rise annually by RPI inflation plus 1%. • It’s available to first-time buyers purchasing a single property who do not currently own a property in or outside of the UK only. Where can I get financial advice from?Persimmon can put you in touch with a list of recommended independent financial advisers who can assist you every step of the way. *We use cookies to ensure that we give you the best experience on our website. Our Sales Suites are open by appointment. Travel times and distances assume journeys are made by car. For full details on London Help to Buy please visit: www.helptobuy.gov.uk/equity-loan/london-help-to-buy/. HM Government will lend you an equity loan of up to 40% of the full purchase price of the home, it's interest-free for the first five years. Site layouts are intended for illustrative purposes only, and may be subject to change, for example, in response to market demand, ground conditions or technical and planning reasons. The London Help to Buy: Equity Loan is available on new-build properties within the 32 boroughs of London and City of London up to £600,000. Prices are correct at the time of publishing. In addition, it is also possible to repay part of the equity loan subject to certain limits and criteria. (NB: there are price cap changes from 1 April 2021). The Help to Buy scheme is just one of the options available to people looking to buy their first home.. Solis Mews is a striking new collection of just 10 contemporary mews homes in the heart of Eastcote available with HELP TO BUY. If you continue without changing your settings, we'll assume that you are happy to receive all cookies. Not to be used in conjunction with any other purchase assistance scheme, offer or promotion. Just a 5% deposit is required. The dimensions shown are approximate and the precise measurements may vary. Is the scheme available as a buy-to-let option?The London Help to Buy: Equity Loan is only available to purchasers using the property as their main residence. Open the door to owning your home With the government's Help to Buy: Shared Ownership scheme you can buy as little as 25% or as much as 75% of a home and pay rent on the rest. Persimmon plc, Registered Office: Persimmon House, Fulford, York UK, YO19 4FE. For the first five years there is no interest charged on the equity loan. The Government will lend you an interest-free equity loan (first five years of owning your home… You only need a 55% mortgage. The prices shown are correct at the time of being published but are subject to change without prior notice, please contact our Marketing Suite for accurate price information. Homebuyers who may not be eligible for the new Help to Buy: Equity Loan will need to complete the process to buy a new home by 31 March 2021. Help to Buy Equity Loan Buy a New Home up to £600,000 with 'Help to Buy London' Up to 40% equity loan from the Government with just a 5% deposit Help to Buy London - no more than a 55% repayment mortgage. New Homes. • You'll need a minimum of 5% deposit to qualify. Help to Buy London - Here's How It Works. As part of the scheme, the Government lends you up to 40% of the cost of your home, … See how our teams are, 5 Star homebuilding for 11 years in a row, The Homebuyers' Guide to Help to Buy: Equity Loan, For new homes in the 32 London Boroughs & City of London. HM Government will lend you an equity loan of up to 40% of the full purchase price of the home, it's interest-free for the first five years. Buy the home you need now with a 55% mortgage. Calls to 03 numbers are charged at the same rate as dialing an 01 or 02 number. You can repay your London Help to Buy: Equity Loan at any time, when you sell your home… Part Buy/Rent. Can you clarify how the equity loan works?HM Government will provide you with an equity loan up to 40% value of the property. How does London Help to Buy work? Help to Buy is a Government backed scheme available across the UK that allows you to buy a home with just 5% deposit. Where is the scheme available?London Help to Buy is available across all Persimmon developments within the 32 boroughs of London and City of London on homes up to £600,000. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE, YOUR EQUITY LOAN OR OTHER DEBT SECURED ON IT. If your fixed line or mobile service has inclusive minutes to 01/02 numbers, then calls to 03 are counted as part of this inclusive call volume. The price of the home you can buy using Help to Buy depends on where the home is. Available exclusively to first time buyers on new-build homes only. What is Help to Buy? The equity loan is provided by the Government's Homes and Communities Agency (trading as Homes England), and held as a second charge on the Help to Buy home. A new Help to Buy: Equity Loan for first time buyers only will replace it on 1 April 2021. Following withdrawal or termination of any offer, We reserve the right to extend, reintroduce or amend any such offer as we see fit at any time. If you are eligible, you can buy a newly built home at Royal Wharf using the Governments Help to Buy scheme. The Help to Buy London equity loan scheme is subject to availability and may be withdrawn at any time without notice. What is Help to Buy? … The London Help to Buy scheme could make buying your own home more affordable, helping you to buy a brand-new home sooner than you think. Help to Buy. ... Help to Buy in London… Persimmon cannot advise you on a mortgage. Get a 40% equity loan from the government*. The Help to Buy: Equity Loan is a government-backed scheme aimed at first-time buyers looking to buy a newly built home. It's a loan that's linked to the rise and fall in the value of your home. There are regional property price caps (shown below). Enjoy a brand new Barratt London home with just a 5% deposit and the new Help to Buy. Shared Ownership homes in North London also offer affordable options to allow buyers to unlock the door to their dream home. Terms and conditions apply. Own 100% of your home for 20% less: Affordable homes for first time buyers in London available with Help to Buy. Established in 2000, Telford Homes has grown to become one of London’s largest residential developers. The Homebuyers' Guide to Help to Buy: Equity Loan. View our wide selection of houses and flats for sale in London. Trees, planting and public open space shown are indicative, actual numbers and positions may vary. Site plans does not form any part of a warranty or contract. Where schools and other educational facilities are mentioned they are intended to highlight their distance from the development and don’t represent a guarantee of admission or eligibility. Registered in England No. (NB: only first time buyers from 1 April 2021, You only need: Applicants are required to fund at least 60% of the purchase price with a conventional main mortgage and minimum of 5% cash deposit. The Homes for Londoners property search tool is a new way to find a home to buy or rent in the capital. ‡London Help to Buy – Eligible applicants will be offered an equity loan of up to 40% of the purchase price at the open market value. Can I use the scheme if I already own a home?The London Help to Buy scheme is available to both first-time buyers and existing homeowners. Persimmon can provide you with a list of recommended solicitors and/or financial advisers as necessary. We use cookies on this website to give you the best possible experience. Help to Buy: Equity Loan, which is open to first time buyers and movers, will end in March 2021. 90% of our homeowners would recommend us to their friends*, and this knowledge allows us to continue our work providing some of the best new homes in the UK. All Rights Reserved. Is the scheme available on pre-owned homes?No. The scheme helps to keep your mortgage payments lower by boosting your deposit. “We” refers to the Barratt Developments PLC group brands including Barratt London, Barratt Homes and David Wilson Homes. With Help to Buy homes in North London though, that doesn’t have to be the case, as that vital first step onto the property ladder can be more accessible than you realise. Non-BT customers and mobile phone users should contact their service providers for information about the cost of calls. Images include optional upgrades at additional cost. In excess of 8,300 sq ft, the sensitive modernisation of the six-bedroom townhouse … Further information is available from a site sales advisor. For full guidance from Homes England, take a look at: Value my Property. There's no household annual income limit and it's available to all types of home buyers. advice for first-time buyers. We are proud to have been awarded the maximum five stars from the House Builders Federation*, and we are the only major national home builder to achieve this every year since 2010. Sold House Prices. Considered to be the archetypical London mansion, this exceptional Mayfair mansion sits in the heart of central London. Times are likely to vary according to travel conditions and time of day. Search by Location. Which? Help to Buy is a scheme where the Government offers financial support to those looking to secure a home, but who are struggling to find the means for a deposit. If you take a 20% equity loan for example, the amount you owe will always represent 20% of the property's value. The London Help to Buy scheme could make buying your own home more affordable, helping you to buy a brand-new home sooner than you think. (NB: there are price cap changes from 1 April 2021). The Help to Buy … Find properties to buy in London with the UK's largest data-driven property portal. A new Help to Buy: Equity Loan for first time buyers only will replace it on 1 April 2021. With homes ready to move into and Help to Buy available, make Woodhurst Park your home with the 65 acres of beautiful country park to enjoy.... View Development Berkeley You must: be a UK resident be purchasing a new build home not own any other property at the time of the equity loan not rent out the home for buy-to-let purposes generate enough income to keep up the … At the start of year six, 1.75% interest is payable on the equity loan, which rises annually by RPI inflation plus 1%. You won't be charged loan fees on the equity loan for the first five years of owning your home. What is the Help to Buy equity loan? Applicants are required to fund at least 60% of the purchase price with … London Help to Buy is only available on new-build homes like those built by Persimmon. This is the easy part: just contact our friendly sales advisors at any one of our developments across London† and they can use their expertise and contacts to guide you every step of the way. So long as you can raise a 5% deposit, the government will provide an equity loan of up to 20% of the property value (40% in London). Loans are up to 40% of the purchase price for homes eligible for Help to Buy London … London Help to Buy: Equity Loan scheme is available on all plots in the capital, with a full purchase price up to £600,000, subject to status. You could still borrow up to 20% of the cost of a new build home (or 40% in London), but regional caps have been introduced, leaving you to spend between £186,100 and £437,600 on your new home (or £600,000 in London… To find out more and to stop cookies please go to our cookie policy. Available to first time buyers. You’ll have to qualify for a standard mortgage for the … How long is the current scheme available for?London Help to Buy: Equity Loan, which is open to first time buyers and movers, will end in March 2021. The search tool also lists properties for Discount Market Sale. How does it work? Today we have over 340 employees dedicated to developing the homes and creating the places that London … Available on new build homes … You can repay your London Help to Buy: Equity Loan at any time, when you sell your home, or you can wait until the end of its term. Find new build Help to Buy properties in London with the UK's Number 1 new home property portal, WhatHouse. Three main options are available to applicants: Shared Ownership, Help to Buy and First Dibs for Londoners. The amount you can spend on your home will depend on where in England you live. These aim to make sure the scheme is accessible to those who … Applicants should seek independent financial advice, and get information and guidance on applying for a London Help to Buy: Equity Loan at www.helptobuy.gov.uk, A professional legal adviser is required to carry out the legal formalities of buying the home and to represent your interests. What are the repayment terms of the equity loan?You can repay the loan any time within the first 25 years (or the terms of the mortgage), or when you sell the property. The Help to Buy scheme can help both first time buyers and home movers purchase your ideal home. As with the current Help to Buy: Equity Loan, you can borrow up to 40% in London of the cost of a new build home. - a minimum 5% cash deposit; and *Terms and conditions apply. 1818486, https://www.persimmonhomes.com/help-to-buy-london, www.helptobuy.gov.uk/equity-loan/london-help-to-buy/. With Help to Buy, you'll get an equity loan of up to 20% of the cost of a new home; this … Putting down as little as a 5% deposit on a newly built home, you can get a government Help to Buy: Equity Loan. Barratt London is a brand name of BDW TRADING LIMITED (Company Number 03018173) a company registered in England whose registered office is at Barratt House, Cartwright Way, Forest Business Park, Bardon Hill, Coalville, Leicestershire, LE67 1UF, VAT number GB633481836. What types of mortgage are available with London Help to Buy?Repayment mortgages are the only option with this scheme. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Images shown are for illustrative purposes only. The new Help to Buy 2021-2023 scheme is now in place meaning that Help to Buy is now exclusively for first-time buyers. With a London Help to Buy equity loan, first time buyers can purchase their newly-built home with just a 5% deposit. At: the scheme will only be available to people looking to Buy homes: only build. On new build Help to Buy properties in London with the UK 's Number 1 home! 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