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Help to Buy

IMS are the only mortgage broker in Bicester to be listed as a recommended financial advisor in Oxfordshire for Help to buy.

https://www.helptobuy.gov.uk/

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Example: for a home with a £200,000 price tag

Help to Buy: Equity Loan scheme Example

If the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.

 


 

Help to Buy – London

To reflect the current property prices in London, from February 2016 the Government is increasing the upper limit for the equity loan it gives new home-buyers within Greater London from 20% to 40%. See more at: https://www.helptobuy.gov.uk/equity-loan/equity-loans/#sthash.uvpr8XS7.dpuf

  • Contact us

    If you would like to arrange an appointment to speak with our property team or if you have any questions, please call 01869 248 339 or email us at info@imsinternet.co.uk

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