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:
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:
Chipping Barnet, London
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.
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
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!
Harold Wood, Essex
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*
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
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*
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.
Mill Hill, London
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!
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.