What is Help to Buy?
The Government’s Help to Buy Equity Loan initiative in West Norwood 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 West Norwood - Who is the local agent?
Get information about properties available in West Norwood that you might look to buying under the Equity Loan Scheme by contacting your local Help to Buy agent. Get their contact details by enquiring to the Lambeth Council, Brixton Customer Centre Olive Morris House 18 Brixton Hill London SW2 1RD, telephone 0207 926 1000.