Help to Buy Equity Loan repayments, mortgages and selling your home
When you use the Equity Loan to buy a property in Slough, 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 Slough, 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 01344 567 887.
Help to Buy Slough - Recently Completed:
- 72 Norway Drive, Wexham, Slough, Berkshire SL2 5QW
- 31 Millstream Lane, Slough, Berkshire, SL1 5DY
- Oak Cottage, 42 Eton Road, Datchett, Slough, SL3 9AY
- 53 Langley Road, Slough, Berks, SL3 7AH
- 37 Salt Hill Way, Slough, Berkshire, SL1 3TR