Help to Buy Equity Loan repayments, mortgages and selling your home
When you use the Equity Loan to buy a property in Hoxton, 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 Hoxton, 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 Hoxton - Recently Completed:
- 7 Buxton Court, Thoresby Street, Hoxton, London, N1 7TJ
- 257 New North Road, Hoxton, London, N1 7AT
- Flat 46 Enfield Cloisters, Fanshaw Street, Hoxton, London N1 6LD
- 101 Hoxton Street, London N1 6QQ
- 231 Copenhagen Street, London, N1 0XW