Help to Buy Equity Loan repayments, mortgages and selling your home
When you use the Equity Loan to buy a property in Maida Vale, 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 Maida Vale, 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 Maida Vale - Recently Completed:
- Studio Flat, 172 Randolph Avenue, London W9 1PE
- 92 Wellesley Court, London W9 1RQ
- 63-65 Goldney Road London W9 2AR
- 28 Formosa Street, LONDON, W9 1EE
- 49 Maida Hill, London W9 3ND