Help to Buy Equity Loan repayments, mortgages and selling your home
When you use the Equity Loan to buy a property in Catford, 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 Catford, 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 Catford - Recently Completed:
- 80 Vervant Lane, Catford, London, SE6 1LF
- 64 Hazelbank Road, Catford, SE6 1TQ
- 10b Barley Road, Catford, SE6 2AB
- 59b Ardoch Road, Catford, SE6 1SL
- Flat a, 390 Stanstead Road, Catford, London SE6 4XB