Help to Buy is a UK Government backed scheme that is opening up home ownership for many.

Dreaming of your own home but don’t have the deposit you need? Help to Buy London may be the right option for you. Strawberry Star offer a number of apartments in London under the scheme enabling you to get on the property ladder with only a 5% deposit.

Why Help to Buy?

Using the Help to Buy scheme you could buy your own home sooner than you think.

How does it work?

Under Help to Buy London:

  • Select a new build home up to a value of £600,000
  • Pay a 5% deposit
  • The Government provide you with a loan up to 40% of the value of the property
  • This loan has no fees or interest charges for the first five years
  • Obtain a 55% mortgage from a commercial lender

Am I eligible?

The Help to Buy scheme is currently open to all subject to the following

  • Your new home will be your only residence.
  • You will not own any other property at the time of completion.

 

From 1 April 2021, the scheme will only be available to first-time buyers, so if you are an existing homeowner and you wish to make use of the scheme ensure you purchase your new property and complete by 31 March 2021.

If you have any ques!ons regarding Help to Buy or need advice a member of our sales team would be happy to help, get in touch today.

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