APPOINTMENTS NOW AVAILABLE. Book yours now Find Your New Home Buying Guide Moving Made Easy The View Latest News Events Contact Us Home » Moving Made Easy » Help to Buy HELP TO BUY Thinking of buying? You can, and it's more affordable than you think. Stamp Duty Land Tax Deposit Unlock London Help to Buy FairMove Help to Buy Overview Help to Buy Calculator How does it work? OVERVIEW With a 5% deposit and 75% mortgage, you can move on to a new Fairview home with Help to Buy. The Help to Buy: Equity Loan (2021-2023) is available to first time buyers only, and regional property price caps will be introduced, which for the south east will be £437,600. It means with Help to Buy, your dream is now more affordable. However if you aren't a first time buyer, the Government have now introduced a 95% Mortgage Guarantee Scheme which will help you make your move to a new Fairview home. To find out more click here. The Help to Buy scheme is a great way for you to make one of our well connected homes all yours. If you have your deposit already, you’ll need to secure a 75% mortgage (we can advise you with this), and then the remaining 20% is supplied by the government as an equity loan, interest free for the first 5 years. WHY IS THIS FOR US? If you have 5% deposit saved and are interested in a new build home but want to make your mortgage repayments more affordable, then Help to Buy is for you. What do you need to know? There is no age limit You need a minimum of 5% deposit, and must have a mortgage of at least 55% It’s open to all UK residents living in the UK, as long as you don’t own any other property at the time you buy, in or outside the UK After 5 years, you pay 1.75% of the outstanding amount of the loan, which rises each year by the increases (if any) in the Retail Prices Index (RPI) plus 1% You repay the loan after 25 years or when you sell your home, whichever happens first. So, if you’re looking to move on to one of our new build homes, London Help to Buy is for you. Use our calculator below to see how it can help you. · HELP TO BUY CALCULATOR How much deposit do you have? Min. £2.5k £10,000 Max. £30k What is your mortgage interest rate? Min. 1% 2% Max. 10% What is the length of your mortgage? Min. 25 years 25 years Max. 35 years How much do you want to repay each month? Min. £497 £636 Max. £636 Your results Your deposit: £NaN 5% Help to buy loan: £NaN 20% Your mortgage: £NaN 75% Purchase price: £200,000 SEE HOMES WITHIN YOUR BUDGET With Help To Buy you could borrow £190,000 Find your new home HOW DOES IT WORK? Example based on a home valued at £200,000. Help to Buy: Equity Loan - Eligible applicants will be offered an equity loan of up to 20% of the purchase price at the open market value. Applicants are required to fund at least 80% of the purchase price with a conventional main mortgage and minimum of 5% deposit. For the first five years there is no interest charged on the equity loan. For the 2021-2023 scheme Interest fees start at 1.75% and rise each year in April by the Consumer Prices Index (CPI) plus 2%. 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. Terms and conditions apply. Applicants should seek independent financial advice, and get information and guidance on applying for a Help to Buy: Equity Loan at www.helptobuy.gov.uk. This scheme is subject to status and only available on selected developments and properties in England. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Please speak to our Sales Advisors for more details. Land to sell? Talk to Fairview. We are always looking for opportunities to buy land for future development in London and the South East. FIND OUT MORE ABOUT FAIRVIEW From detached family homes in well-connected locations to city apartments, we have been building homes in London and the Home Counties since 1961. About Us Careers Corporate Commercial Contact Us Home Find Your New Home News The View Testimonials Buying Guide Why a New Build Home is a good move 10 Steps to Buying a New Build Home Reserve your new home Customer Charter Customer Service Complaint Procedure Moving Made Easy Help to Buy London Help to Buy FairMove Stamp Duty Land Tax General Privacy Notice Terms and Conditions Site map © Copyright 2021 Fairview New Homes Ltd. All rights reserved. We've updated our Privacy and Cookies Policy We use cookies to improve your experience and enable certain functionality. You may delete or block cookies from this site, but parts may not work. By clicking any link on this page you are giving your consent for cookies to be placed on your device. READ MORE ACCEPT