Help to Buy Equity Loan repayments, mortgages and selling your home
When you use the Equity Loan to buy a property in Buckhurst Hill, no repayments on the Government loan need to be made for 5 years.
The loan is cheaper to finance than it would be on the open market and you only have to get a mortgage for a maximum of 75% of the property’s value.
That said, the Government has a charge on your property in Buckhurst Hill, worth up to 20% (40% for London Help to Buy), as well as the mortgage lender’s charge. Until the Government loan is repaid, on sale, the Government will be due up to 20% of on any increase in the property value.
If you would like advice more about the Help to Buy schemes, call 0207 112 5388.
Help to Buy Buckhurst Hill - Recently Completed:
- 4 Hastingwood Court, 166-168 Queens Rd, Buckhurst Hill, Essex, IG9 5BF
- 46 Gladstone Road, Buckhurst Hill, Essex, IG9 5SW
- 34c Fairlands Avenue, Buckhurst Hill, Essex, IG9 5TF
- 81 Monkhams Lane, Woodford Green, IG8 0NN
- 50 Greenstead Avenue, Woodford Green, London, IG8 7ES