Help to Buy - Loxley Homes
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Help to Buy

Frequently asked questions

Can I buy any home with Help to Buy?

Any new build home in England up to £600,000. Not available for second homes or buy to let properties.

Can everyone get Help to Buy?

Yes. Help to Buy is not just for first time buyers, and there is no maximum income cap. If you can get a mortgage, you can get Help to Buy.

Are there any fees to pay?

No. The Help to Buy equity loan is interest free for 5 years. After that you pay a fee of 1.75%, rising each year by 1% plus the RPI. You may also have to pay mortgage arrangement fees.

Find out more information about our Darley properties available

Terms & Conditions

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT.

Credit is secured against your home. Subject to status, Help to Buy Terms & Conditions and available on selected properties in England only. Eligible applicants will be offered an equity loan up to a maximum of 20% of the purchase price (based on the open market value). Applicants are required to fund at least 80% of the purchase price by means of a conventional mortgage, savings/deposit where required. The equity loan is provided by the HCA and held as a second charge. This offer is not available in conjunction with any other promotion. Full details will be provided on request.

Help to Buy – Not just for first time buyers!

 

  • You only need a minimum 5% deposit
  • The government will lend you up to 20% of the value of your property through an equity loan, which can be repaid at any time or on the sale of your home
  • You will only need to secure up to a 75% mortgage from a bank or building society
  • Maximum home purchase of £600,000
Loxley Homes