Please see the HCA website for further details
*Eligible Help to Buy applicants will be offered an equity loan of up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings and any deposit where required. Applicants must obtain their conventional mortgage from a Qualified Lending Institution. For the first five years there is no fee charged on the equity loan component. At the start of year six a fee is collected of 1.75% of the market value of the property at the time the loan is entered into multiplied by the outstanding percentage under the equity loan, the annual fee of 1.75% will be uplifted by RPI + 1% p.a. The loan must be repaid after 25 years or earlier if you sell your home whereby the repayment sum will reflect up to 20% of the market value of the property at the time the property is sold or remortgaged. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Example Based on a £180,000 Purchase Price:
|5% Buyers Deposit||£9,000|
|20% Help to Buy Equity Loan||£36,000|
|75% Mortgage Required||£135,000|
If you are tired of renting or longing to get on the property ladder, then our Shared Ownership homes could be what you’ve been waiting for. A range of 2 and 3 bedroom homes can be purchased from as little as a 25% share, meaning you only need a small deposit, small mortgage and pay monthly rent on the remaining 75% unpurchased share.
Call or visit one of our developments below to find out more.
Shared Ownership homes are available to qualifying purchasers and may vary each development, please ask Sales Executive for terms and conditions. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
You Have the Land,
We Have the Power,
We Can Build On that
Act now! Call our land team on:
01772 69 94 45
Or email us