We wanted to let you know the good news
The Government backed Help to Buy equity loan scheme is now available at Carpino Place. This allows buyer's to purchase a brand new home with only a 5% deposit.
WHAT IS THE HELP TO BUY SCHEME?
This scheme allows first-time buyers and those looking to move up the property ladder the chance to buy a brand new home with just a 5% deposit.
HOW IT WORKS:
Here's an example of how
Help to Buy works based on purchasing a property
1.You need just a 5% deposit to buy a new build home.
2.On qualification, the Government will lend you up to 20% of the value of a property in the form of an equity loan which can be repaid at any time or on the sale of your home.
3.You then need to secure up to a 75% mortgage from a bank or building society.