London Help to Buy
If you’re buying a new build home in London, you can now get even more help from the government with the London Help to Buy Scheme.
This scheme is similar to the standard Help to Buy Equity Loan, but allows buyers in London to benefit from a 40% loan from the government on purchases of new build homes under £600,000.
With the equity loan, the government lend you up to 40% of the value of your brand new home. All you need to pay is a 5% deposit, with a mortgage of 55% to cover the rest of the costs. And what’s more, your loan will be interest free for five years after the purchase of your brand new home. The loan must be repaid after 25 years, or when you sell your home.
The scheme is open to UK residents currently living in the UK, including first time buyers and those looking to move from their current property. It can be used in any district of London, as well as the City of London.
Find out more about the London Help to Buy Scheme.
Looking for our Help to Buy Calculator?
Trinity Walk, Woolwich
London Help to Buy is available at our Woolwich development in London - Trinity Walk. To find your new Lovell London home - Enquire Now.
The Electric Quarter, Ponders End
London Help to Buy is available on our Ponders End development at The Electric Quarter. Enquire now.