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Help to Buy

GreenSquare Homes can offer Help to Buy on all of our new homes developments.

With a Help to Buy Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home. If the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.

As well as your 5% deposit, there will be other costs to consider such as:

  • Reservation fee
  • Mortgage arrangement fees (this will vary depending on your financial advisor and mortgage lender)
  • Valuation fee (this is a requirement of your mortgage application)
  • Legal fees (ask for details of recommended solicitors)
  • Monthly service charges, where applicable (these will vary from property to property)
  • Other monthly costs (Council tax, TV licence and utility bills etc)

Mortgage Calculator

Visit the Help to Buy website

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