What is Help to Buy?
The Government’s Help to Buy Equity Loan initiative in Holloway 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 Holloway - Who is the local agent?
Your local Help to Buy Agent is best placed to give you information about Help to Buy Equity Loan schemes in Holloway. You can find out their contact details by enquiring to the London Borough of Islington Council, 222 Upper St, London N1 1XR, telephone 020 7527 2000.