What is Help to Buy?
The Government’s Help to Buy Equity Loan initiative in Bishop's Stortford allows eligible people to buy properties with as little as a 5% deposit. The maximum purchase price of any property you buy is £600,000.
The Government provides you with a loan of up to 20% of the property's purchase price and you have to secure a mortgage for the remaining 75%.
For properties in the London area, the London Help to Buy scheme operates. It is broadly the same as the Help to Buy Equity Loan, except the Government provides a loan of up to 40% of the purchase price, to reflect the higher property prices in London, so a mortgage must be secured for the remaining 55% of the purchase price.
Help to Buy Bishop's Stortford - Who is the local agent?
You can find out about properties which can be bought using the Help to Buy Equity Loan scheme in Bishop's Stortford by contacting your local Help to Buy agent. You can find out their contact details by enquiring to the East Herts District Council, 1 The Causeway, Bishop's Stortford CM23 2EN, telephone 01279 655 261.