With a Help to Buy equity loan, the Government lends you up to 20% of the cost of your newbuild home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.
So if you bought a Cannon Kirk home for £200,00 you would only have to raise a deposit of £10,000. The government would lend you £40,000. You could then secure a mortgage for the remaining amount.
To find out more about Help to Buy, call one of our sales offices or visit www.helptobuy.org.uk