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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:

Acton, London

Acton Gardens

A vibrant new London community offering a wide choice of quality, sustainable homes in beautifully landscaped surroundings. Just minutes from fashionable Chiswick, this award-winning development offers fantastic opportunities for anyone who wants to live in one of London’s best connected areas. 

LONDON HELP TO BUY AVAILABLE ON SELECTED PLOTS*

Visit dedicated website »

All properties available at Acton Gardens are Leasehold, please speak to one of our sales consultants for further details.

1 - 3 bedroom apartments, 4 bedroom houses and 3 & 4 bedroom überhaus

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Chipping Barnet, London

Brook Valley Gardens

Brook Valley Gardens is a collection of 2, 3 and 4 bedroom contemporary leasehold  houses and 1, 2 and 3 bedroom apartments in Chipping Barnet, EN5.  This exciting new development by Countryside forms part of the major regeneration of the Dollis Valley housing estate. All homes include integrated kitchen appliances and fitted flooring throughout - ready for you to move straight into.

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

LONDON HELP TO BUY AVAILABLE ON SELECTED PLOTS*

Visit dedicated website »

2 - 4 bedroom houses and 1 - 3 bedroom apartments

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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 Uberhaus

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Greenwich, London

Greenwich Millennium Village

NEW RIVERSIDE APARTMENTS NOW LAUNCHED

Just one stop from Canary Wharf and with easy access to the 02, these stylish apartments also benefit from acres of on-site open space, an established village square offering a great range of facilities & amenities plus a concierge service.

BUY WITH A DEPOSIT OF JUST £20,500 WITH  HELP TO BUY - YOU DON'T NEED TO BE A FIRST TIME BUYER TO QUALIFY!

Visit dedicated website »

1-2 bedroom apartments and 3 bedroom Uberhaus

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Harold Wood, Essex

Kings Park

NEW SHOWHOME LAUNCHING SOON!

Kings Park is an exclusive collection of luxury family houses and contemporary apartments, in an exceptional parkland setting. Just a stone’s throw from local shops, amenities and green open spaces, yet just 35 minutes to central London from nearby Harold Wood station, Kings Park offers an outstanding lifestyle in an excellent location.

LONDON HELP TO BUY AVAILABLE ON SELECTED PLOTS*

1 & 2 bedroom apartments and 3 & 4 bedroom luxury houses

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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.

Note: CGIs are preliminary

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

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Wembley, London

Parkside Place

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

A superb new development in the heart of East London, located just off St Paul’s Way, close to the City and near to the famous Mile End Park.

Featuring a fantastic range of new apartments which will be 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*

VIEW OUR HOME OF THE WEEK 

1 - 4 bedroom apartments

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Mill Hill, London

The Mount

HELP TOWARDS YOUR STAMP DUTY *

 Introducing The Mount, Millbrook Park a highly anticipated development offering a new collection of stylish, contemporary homes situated in an elevated position within walking distance of Mill Hill East tube station in sought after Mill Hill NW7.

Visit dedicated website »

1 & 2 bedroom apartments and 3 & 4 bedroom houses

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