Unlike our neighbours on the continent, Britain is a country of homeowners. We’ve always seen the value and the investment in bricks and mortar. But with the cost of living going up, home ownership seems to be moving out of reach for so many. That’s where the Help to Buy scheme comes in.
Help to Buy is a Government-led scheme to help people like you move into a beautiful Berkeley DeVeer home. The scheme enables you to buy your dream home with just a 5% deposit. There are plenty of misconceptions surrounding the Help to Buy initiative, but it’s actually easier than you think. And here’s why.
The Help to Buy Equity Loan is exclusive to new build homes, and the government will lend you up to 20% of the property price with you paying just a 5% deposit, and the remaining 75% of the cost taken out as a mortgage. Better still, you won’t have to repay anything on the government loan for five years.
It’s not just for first time buyers
The Help to Buy Scheme is available to all as long as you don’t own any other properties, you live in the UK and you can obtain a standard mortgage and provide the 5% deposit for a new build home up to the value of £600,000.
It’s got so many benefits
The first benefit of the scheme is that it can help first-time buyers get onto the housing ladder a lot sooner than they may otherwise have been able to with a smaller deposit. It also helps people that have sold their property take the next step to a larger home again making it more affordable. You’ll also own 100% of your new home unlike some shared equity schemes.
It’s financially efficient
Your new Newett Home energy efficient home built to the latest building standards and our high specification will provide massive savings on your monthly bills and outgoings. If you’d like to know more about the Help to Buy scheme or you’d like to speak to our sales team who can help you find the right deal for your new Newett Home dream home, give us a call on 01937 543 599.