What is Help to Buy?
The Government’s Help to Buy Equity Loan initiative in Kings Cross 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 Kings Cross - Who is the local agent?
Information about the properties you can buy using the Help to Buy Equity Loan scheme in Kings Cross can be found by contacting your local Help to Buy agent. Their contact details can be secured by enquiring to the London Borough of Camden Council, Contact Camden Reception 5 Pancras Square London N1C 4AG, telephone 0207 974 4444.