(NB: the scheme will only be available to first time buyers from 1 April 2021). Three communal roof terraces with fantastic views, a residents' lounge, co-working space … • You'll need a minimum of 5% deposit to qualify. Times are likely to vary according to travel conditions and time of day. If you take a 20% equity loan for example, the amount you owe will always represent 20% of the property's value. Available on new build homes … 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. Copyright 2020 Persimmon plc. These aim to make sure the scheme is accessible to those who … 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. Further information is available from a site sales advisor. ‡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. There are regional property price caps (shown below). What is Help to Buy? Shared Ownership homes in North London also offer affordable options to allow buyers to unlock the door to their dream home. The Government will lend you an interest-free equity loan (first five years of owning your home… Site plans does not form any part of a warranty or contract. All Rights Reserved. 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. 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 … What is Help to Buy? You only need a 55% mortgage. The dimensions shown are approximate and the precise measurements may vary. You’ll need your own 5% deposit. What is the Help to Buy equity loan? For full details on London Help to Buy please visit: www.helptobuy.gov.uk/equity-loan/london-help-to-buy/. Today we have over 340 employees dedicated to developing the homes and creating the places that London … - a minimum 5% cash deposit; and Persimmon plc, Registered Office: Persimmon House, Fulford, York UK, YO19 4FE. Value my Property. This loan is interest free for the first five years. Eligible applicants will be offered an equity loan of up to 40% of the purchase price at the open market value. Find new build Help to Buy properties in London with the UK's Number 1 new home property portal, WhatHouse. The Homes for Londoners property search tool is a new way to find a home to buy or rent in the capital. 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. For full guidance from Homes England, take a look at: Putting down as little as a 5% deposit on a newly built home, you can get a government Help to Buy: Equity Loan. Elevations and treatments may vary. *We use cookies to ensure that we give you the best experience on our website. The Help to Buy … 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. 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. If you continue without changing your settings, we'll assume that you are happy to receive all cookies. 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. 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 Help to Buy: Equity Loan is a government-backed scheme aimed at first-time buyers looking to buy a newly built home. You’ll have to qualify for a standard mortgage for the … Help to Buy London - Here's How It Works. At the start of year six, 1.75% interest is payable on the equity loan, which rises annually by RPI inflation plus 1%. “We” refers to the Barratt Developments PLC group brands including Barratt London, Barratt Homes and David Wilson Homes. 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. Get a 40% equity loan from the government*. Shared ownership schemes allow you to buy a share in a new-build flat and pay rent on the remainder. Part Buy/Rent. Prices are correct at the time of publishing. Featuring premium German kitchens by Hacker, the gated development … You can repay your London Help to Buy: Equity Loan at any time, when you sell your home… Own 100% of your home for 20% less: Affordable homes for first time buyers in London available with Help to Buy. Which? 1818486, https://www.persimmonhomes.com/help-to-buy-london, www.helptobuy.gov.uk/equity-loan/london-help-to-buy/. The scheme helps to keep your mortgage payments lower by boosting your deposit. ... Help to Buy in 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. Buy the home you need now with a 55% mortgage. To find out more and to stop cookies please go to our cookie policy. As part of the scheme, the Government lends you up to 40% of the cost of your home, … Non-BT customers and mobile phone users should contact their service providers for information about the cost of calls. 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. Help to Buy. Solis Mews is a striking new collection of just 10 contemporary mews homes in the heart of Eastcote available with HELP TO BUY. Available to first time buyers. 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. Just a 5% deposit is required. Considered to be the archetypical London mansion, this exceptional Mayfair mansion sits in the heart of central London. Trees, planting and public open space shown are indicative, actual numbers and positions may vary. Sold House Prices. For the first five years there is no interest charged on the equity loan. In addition, it is also possible to repay part of the equity loan subject to certain limits and criteria. 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. The amount you can spend on your home will depend on where in England you live. 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. Housebuilder Directory. 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. The Homebuyers' Guide to Help to Buy: Equity Loan. Applicants are required to fund at least 60% of the purchase price with a conventional main mortgage and minimum of 5% cash deposit. The price of the home you can buy using Help to Buy depends on where the home is. 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. What types of mortgage are available with London Help to Buy?Repayment mortgages are the only option with this scheme. • Help to buy homes: only new build homes qualify. 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 Terms and conditions apply. How does London Help to Buy work? YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. With a London Help to Buy equity loan, first time buyers can purchase their newly-built home with just a 5% deposit. If you are eligible, you can buy a newly built home at Royal Wharf using the Governments Help to Buy scheme. With Help to Buy, you'll get an equity loan of up to 20% of the cost of a new home; this … 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 A new Help to Buy: Equity Loan for first time buyers only will replace it on 1 April 2021. Can you clarify how the equity loan works?HM Government will provide you with an equity loan up to 40% value of the property. Search by Location. Our Sales Suites are open by appointment. View our wide selection of houses and flats for sale in London. Travel times and distances assume journeys are made by car. 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. 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. Calls to 03 numbers are charged at the same rate as dialing an 01 or 02 number. • 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. How does it work? (NB: there are price cap changes from 1 April 2021). 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. Applicants are required to fund at least 60% of the purchase price with … Find properties to buy in London with the UK's largest data-driven property portal. Enjoy a brand new Barratt London home with just a 5% deposit and the new Help to Buy. Established in 2000, Telford Homes has grown to become one of London’s largest residential developers. 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. 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. 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. Cap changes from 1 April 2021 ) 55 % mortgage government-backed Help to Buy? mortgages... Conjunction with any other DEBT SECURED on it availability and may be REPOSSESSED you... Their dream home movers purchase your ideal home in addition, it is also possible repay... All types of mortgage are available with Help to Buy a newly built home to all of. Ownership homes in North London also offer affordable options to allow buyers to the. 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