Help to Buy

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Typical Help to Buy Example

Help-to-buy-diagram

With Help to Buy you can…

  • Own a New Home with only 5% Deposit
  • Have a Low Interest Equity Loan from the Government
  • Take up to 25 years to repay the loan which is interest free for the first 5 years
  • Enjoy lower mortgage repayments

Buying a Saul Home with Help to Buy…

Help to Buy makes new build homes available to all home buyers who wish buy a new home. Wether you’re a first time buyer or upgrading your family home, Help to buy might be able to assist.

They offer up to a maximum of 20% of the purchase price to the buyer through an equity loan funded by the Government.

The 7 steps of Help to Buy…

  1. You reserve the plot of your choice for a fee of £500 and instruct a solicitor of your choice
  2. Complete a property information form which Saul Homes will send to the help to buy agent
  3. Make initial mortgage enquiries
  4. The help to buy agent will check the property information form and grant you authority to proceed
  5. Complete a full mortgage application
  6. Wait about 8 weeks for the legal & mortgage process to be completed
  7. Receive the keys for your NEW HOME

Please refer to the ‘Help to Buy Government website‘ for more information.

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