Help to Buy: Equity Loan
"Help to Buy: Equity Loan helped us to buy our dream home"
Dan Twigg and Sarah Edwards saved up their deposit and using Help to Buy equity loan scheme were able to purchase their dream Lovell Home.
See our Lovell Experience to read their full story*
Under the scheme, if you are a first or second time buyer and you do not currently own a property in or outside the UK then with a Help to Buy Equity Loan, you’ll only need a 5% deposit to purchase a new build home. The government will lend you up to 20% of the value of the property, so you can access mortgages up to 75% of loan to value
The loan is available on new build properties under £600,000 in England, as long as they’re not being bought as buy-to-let.
The loan can be repaid at any time and is interest-free for the first five years. After that, it will be charged at 1.75% of the equity loan, rising annually by RPI plus 1%.
For more information see our fact sheet here.
London Help to Buy
Thinking about moving to the Capital? Lovell has a range of developments in and around London and with London Help to Buy available - purchasing your dream property in London just got a whole lot easier. Find out more here.
Help to Buy: ISA
Looking for other ways to buy? Lovell offers a wide range of Help to Buy options across a wide range of developments - including the government back scheme - Help to Buy: ISA. Find out more here.
Find Stamp Duty confusing?
Here at Lovell we want to make your home buying process as easy as we can. That's why we've put together our handy Stamp Duty Calculator along with links to all the information you'll need to help you understand Stamp Duty.