Help to Buy Equity Loan repayments, mortgages and selling your home
When you use the Equity Loan to buy a property in East Sussex, 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 East Sussex, 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 0333 344 3234.
Help to Buy East Sussex - Recently Completed:
- Eagle Cottages, Landgate, Rye, TN31 7LY
- 38 Udimore Road, Rye, East Sussex, TN31 7DS
- 22 High Street, Robertsbridge, East Sussex, TN32 5AQ
- 18 Jevington Close, Bexhill on Sea, East Sussex, TN39 3 BB
- 2 White Horse Cottages, Hurst Green, East Sussex, TN19 7QA