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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 calculator

Enter property
purchase price:

You need a deposit of:

40% interest free loan*:

Mortage required:

Stamp Duty calculator

Enter property
purchase price:

Stamp duty payable:

Saving of:

Saving compared to pre 04/12/14 Stamp Duty rates

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:

Enfield, London

Alma, Ponders End

A new Countryside Development is coming to Ponders End, Enfield, next year.

Located opposite Ponders End station, this new development will include a mix of 1 -3 bedroom apartments and 3 - 4 bedroom houses, making it suitable for everyone from first time buyers all the way to families.

This development is ideally placed for commuters, with a journey time of just 20 minutes into London Liverpool St from Ponders End and approximately 30 minutes from London Stratford.

Launching in Spring/Summer 2018

Stay tuned for more information

1 - 3 bedroom apartments and 3 - 4 bedroom houses

View Development

Chipping Barnet, London

Brook Valley Gardens

Brook Valley Gardens is a collection of contemporary new homes forming part of the major regeneration project. A new selection of 3 and 4 bedroom houses all with outdoor space and parking has recently launched. Book an appointment today to view our show home and to reserve.

Please note all properties at Brook Valley Gardens are Leasehold, please contact our sales team for further information.

 

Visit dedicated website »

3 & 4 Bedroom Houses

View Development

Canning Town, London

East City Point

East City Point is an established and popular development by Countryside in Canning Town, East London. With properties designed to make use of natural light, and spacious, open proportions rising skywards. Located in a prime position adjacent to the A13, close to Custom House station and minutes from Canary Wharf.

East City Point has been designed to create a sense of community. The stylish new homes are complemented by pleasant accessible streets, a square and green spaces. At the heart of the development is the new Keir Hardie school, a brand new state-of-the-art primary school and children’s centre.

All properties available at East City Point are Leasehold, please speak to one of our sales consultants for further details.

LONDON HELP TO BUY AVAILABLE ON SELECTED PLOTS*

3 bedroom houses; 1 & 2 bedroom apartments; 2 & 3 bedroom überhaus

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Walthamstow, London

FEATURE17

LAUNCHING THIS WEEKEND - 21st October!

This brand new stylish development located in Walthamstow containing 1-3 bedroom apartments and 3 & 4 bedroom houses. With fantastic transport links and only a 10 minute walk from Walthamstow Village, this development is perfect for local leisure activities and amenities as well as living the London life. Whether you're a first time buyer, family or investor, Feature17 is the place to call home. 

Wheelchair units available on selected properties.  

Register your interest now

Available with London Help to Buy

All homes at Feature17 are Leasehold, for further information please speak to our sales consultant.

1-3 bedroom apartments and 3 & 4 bedroom houses

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Greenwich, London

Greenwich Millennium Village

TOWN AND COURTYARD HOUSES LAUNCHING THIS WEEKEND!

Discover new homes 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

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Hounslow, London

Hounslow Town School

Coming in Spring 2018

A new Countryside development is launching in Hounslow in early 2018. This new residential development is on the former site of Hounslow Town Primary School - just one block from Hounslow High Street and less than a ten minute walk to Hounslow East Station.

Centred around a private residents courtyard - this development will be made up of one, two and three-bedroom apartments initially with larger family houses available in the future. It also provides a brand new state of the art primary school and sports grounds for Hounslow.

Register you interest now to be kept up to date

All properties at this development are leasehold. Speak to our sales team for more information.

1 - 3 bedroom apartments, 4 bedroom houses

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Harold Wood, Essex

Kings Park

ELIZABETH GATE NOW LAUNCHED - BOOK YOUR APPOINTMENT NOW!

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

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Chigwell, Essex

Oaklands Hamlet

SHOW HOMES NOW OPEN!

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 AVAILBLE ON SELECTED PLOTS



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

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Wembley, London

Parkside Place

WE ARE NOW SOLD OUT

Elegant, modern architecture complements the spacious open plan interiors which are thoughtfully laid out. Fully fitted kitchens with feature stone worktops, integrated appliances, stylish bathrooms, en suites & flooring included in every room allow you to move straight in.

All apartments and Duplex apartments are Leasehold and Houses are Freehold, please speak to our sales consultants for further details

 

1 & 2 bedroom apartments, 3 bedroom Duplexes and 3 bedroom houses

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Bow, London

St Paul's Square

New Homes now available in the Waterlow Building

A superb new development in the heart of East London, located just off St Paul’s Way, with great links into the City and near to the famous Mile End and Victoria Parks.

Featuring a fantastic range of new apartments, finished to a high specification throughout.

All properties available at St Paul's Square are Leasehold, please speak to one of our sales consultants for further details.

LONDON HELP TO BUY AVAILABLE ON SELECTED PLOTS*

1 - 4 bedroom apartments

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Mill Hill, London

The Mount

STAMP DUTY PAID* IF RESERVED IN OCTOBER!

Don't miss the opportunity to reserve one of our impressive 3 or 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.

NEW SHOW HOME NOW OPEN! Book your appointment now.

3 & 4 bedroom townhouses

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