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LONDON HELP TO BUY

LONDON HELP TO BUY

What is London Help to Buy?

To reflect the difference in the London property market the Government has increased the equity loan available to London home buyers.

The London Help to Buy scheme launched on 1st February 2016 and is aimed to help first time buyers or second steppers to buy a new-build home in the capital.

The scheme doubles the upper limit of the government equity loan, from up to 20% of the property’s value to 40%.

As with the existing scheme, London Help to Buy has a £600,000 maximum price limit and is only available on new-build homes within the capital’s 33 boroughs.

To qualify, you will need a deposit of 5% and a mortgage for up to 55% of the value of the home. The Government will then provide an equity loan of up to 40% of the property’s value, which is interest free for the first 5 years.

For example, for a property in London with a value of £476,000 you will need:

  • 5% deposit of £23,800
  • 55% mortgage of £261,800
  • 40% government equity loan of £190,400

 

  

Calculate your Deposit

Use our London Help to Buy calculator below to find out how much deposit you may need to buy your new home and what your mortgage amount could be:

London Help to Buy has a few special requirements:

  • It is available on homes for sale within one of the 33 London Boroughs.
  • It covers full home ownership only, and is therefore not available for shared equity or shared ownership.
  • It is available for the purchase of a person’s primary home only, so not for second homes, investment or buy-to-let purchases.
  • It only applies to capital repayment mortgages rather than interest-only mortgages.
  • Buyers must not receive help with their deposit from a local authority or other public body.
  • A HomeBuy agent check will be required. 
*40% loan is interest free for the first 5 years. 5% deposit is applicable with the Government’s Help to Buy scheme. Calculation above is indicative only.  Available on selected plots only. Buyers will need to have sufficient funds to pay legal and sundry costs.  Equity deposit percentage may be subject to lender’s and Government criteria. Prospective buyers should always seek independent financial advice before proceeding. Countryside works with a number of independent financial advisers who are able to provide appropriate advice. Countryside terms and conditions apply. Subject to status.

 

London Help to Buy is available at the following developments:

Chipping Barnet, London

Brook Valley Gardens

FIND OUT HOW YOU CAN MOVE HASSLE FREE AT OUT PART EXCHANGE EVENT THIS WEEKEND - 14TH - 15TH JULY!

Brook Valley Gardens is where the urban landscape of Greater London meets the borders of leafy Hertfordshire. This is the setting for a quintessential classic garden suburb re-imagined and reinterpreted anew for the 21st Century.

Selected homes available with help towards Stamp Duty and Legal Fees or Part Exchange*

*Owner occupiers only, speak to our sales team for more details.

1, 2 & 3 Bedroom Apartments and 3 & 4 Bedroom Houses

View Development

Walthamstow, London

FEATURE17

VISIT US FOR OUR DUSTY SHOE EVENT THIS WEEKEND - 14TH - 15TH JULY!

LAST TWO 3 BEDROOM APARTMENTS REMAINING!

Register your interest for our new phase, coming in autumn 2018

Feature17 is located in the heart of trendy Walthamstow, with fantastic transport links and a variety of local leisure activities and amenities within easy reach.

Some properties are wheelchair adaptable. Please speak to our sales team for more information.

Selected homes available with London Help to Buy

1-3 bedroom apartments and 3 & 4 bedroom houses

View Development

Greenwich, London

Greenwich Millennium Village

SHOW HOUSES NOW OPEN, VISIT TODAY & VIEW INSIDE THESE EXCEPTIONAL NEW HOMES.

Discover life at London's favourite village!

Just one stop from Canary Wharf and under 1 mile from the 02, these high specification homes benefit from acres of on-site open space, an established village square offering a great range of amenities, concierge service, an outstanding school and more.

SELECTED PROPERTIES AVAILABLE WITH LONDON HELP TO BUY - MEANING YOU COULD BUY WITH JUST A 5% DEPOSIT!

Visit dedicated website »

1-3 bedroom apartments, 3 bedroom penthouses plus 3 & 4 bedroom houses

View Development

Harold Wood, Essex

Kings Park

Why rent when you can buy? With London Help to Buy* at Kings Park, Harold Wood. We offer a fantastic range of 1, 2 & 3 bedroom apartments and penthouses featuring open plan layouts and balconies or terraces. Just a short distance from local shops, amenities, green open spaces and Harold Wood Station providing fast links into London and benefiting from Crossrail in 2019. Kings Park offers an outstanding lifestyle in an excellent location. Call now to book an appointment to view our show apartment.

LONDON HELP TO BUY AVAILABLE ON SELECTED PLOTS* 

1, 2 & 3 bedroom apartments and penthouses

View Development

Chigwell, Essex

Oaklands Hamlet

Oaklands Hamlet is a joint venture between Countryside and L&Q and offers an exclusive new development of houses and leasehold apartments in a picturesque 25 acre parkland setting. Located on Five Oaks Lane in Chigwell, these stylish homes boast a superb specification and are conveniently located close to the A127, M11 and M25 motorways. Hainault Underground station is 2.5 miles away and Romford less than 4 miles.

LONDON HELP TO BUY AVAILABLE ON SELECTED HOMES



1 & 2 bedroom leasehold apartments and 2 - 5 bedroom houses

View Development

Bow, London

St Paul's Square

HELP TO BUY EVENT 21ST - 22ND JULY

Only 4 apartments remaining - pick your plot today!

A superb development in the heart of East London with great links into the City and near to the famous Mile End and Victoria Parks. Featuring a fantastic range of 1 and 2 bedroom apartments, finished to a high specification throughout.

London Help to Buy available on selected plots*

1 - 4 bedroom apartments

View Development

Hounslow, London

The Assembly

ONLY ONE PLOT REMAINING - UNIQUE INVESTMENT OPPORTUNITY AVAILABLE ON PLOT 1 - SALE AND LEASEBACK AGREEMENT WITH GUARANTEED 5% YIELDS 

CASH PURCHASE ONLY

The Assembly is a brand new housing development close to Hounslow Town incorporating six mansion blocks of one, two and three bedroom apartments. The blocks join together to create the outer wall of a beautiful new urban square. 

Set in a quiet location, The Assembly is located just five minutes’ walk from Hounslow Town Centre and Hounslow East Station. Each new home will be available with Help to Buy and ready to move into this summer.

 

 

1 - 3 bedroom apartments, 4 bedroom houses

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Mill Hill, London

The Mount

Now sold out!

Don't miss the opportunity to reserve one of our impressive 4 bedroom townhouses ranging from 2185 sq ft - 2314 sq ft with Stamp Duty Paid or Part Exchange available!* You couldn't be better located - within walking distance to Mill Hill East Station and Close to outstanding schools.

View our show home today! 

4 bedroom townhouses

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Becontree, London

Trinity Place

VISIT US ON THE 21ST - 22ND JULY FOR OUR HELP TO BUY EVENT!

London living for less! With 16 homes sold already, don't miss your chance to own one of these fantastic new homes.

First release  3 bedroom houses. 

Located in the heart of Becontree Heath, Trinity Place offers the best of London living for less, on the edge of fantastic green spaces and within each reach of London. Trinity Place offers a mix of 1 and 2 bedroom apartments and 3 bedroom houses.

1 & 2 bedroom apartments and 3 bedroom houses

View Development