About Help to Buy schemes
Help to Buy schemes are run by the government. They are designed to make it more affordable for people to own their own home.
There are two separate Help to Buy schemes:
- Help to Buy: Equity Loan
- Help to Buy: Shared Ownership
At the moment the Help to Buy: Equity Loan scheme is available for people wishing to buy a Treveth home.
Help to Buy: Equity Loan
Help to Buy: Equity Loan is a government scheme that allows you to borrow a low-interest loan to put towards the cost of purchasing a newly built home.
The equity loan is for the value of up to 20% of the purchase price for homes that are outside of London.
You add the equity loan to the deposit you have saved and to the amount you need to borrow on a repayment mortgage. Together these cover the total cost of buying your newly built home.
Please remember, your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured against it.