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Act now, Help to Buy ending in March.

Wednesday 19th August 2020



Act now, Help to Buy ending in March

Rightmove are reporting the busiest month for property sales for ten years, with buyers swapping holidays for home-buying. Our sales activity is mirroring this on all our developments where we are seeing a higher number of visitors and reservations.  This increased activity, together with the changes in the government-backed Help to Buy Scheme means we are encouraging home-buyers to act now, if they want to secure their new home using this form of additional help.

Use it or lose it, now is the perfect time to buy a new home with the Government-backed Help to Buy Equity Loan Scheme, set to end on the 31st March 2021 *.  An amended Help to Buy Scheme will still be running but limited to first time buyers and up to a maximum purchase price of £437,600*.

The current Help to Buy Equity Loan Scheme is open to anyone buying a new home, up to a maximum of £600,000* Interest free for the first five years with just a £1 monthly management fee to pay.

Buy your new home with just a 5% deposit with this scheme, a maximum of a 20% Help to Buy Equity Loan and a 75% mortgage. Our Independent Mortgage Consultants can take you through the application process step by step, help you understand how it’s works and, they’ll also complete the application form for you. This is a win-win situation and acting now, so you can complete your house purchase before the end of March, will essentially get you a new home with lower repayments for the first five years, and you will save on Stamp Duty.

We have a selection of homes to choose from, all within the Help to Buy price band of £600,000; our other schemes: Easy Move and Part Exchange can still be used on your purchase.

Click here to select your new home on one of our developments https://www.westerhillhomes.co.uk/developments

Click here for further information about the Help to Buy Equity Loan Scheme  https://www.helptobuy.gov.uk/equity-loan/equity-loans/

  • The current Help to Buy Scheme ends on the 31/03/2021, legal completion must have taken place by this date.  The Government-backed Help to Buy Equity Loan Scheme is available for purchases of your main residence only, and is subject to terms and conditions. Help to Buy Equity Loans are at an increased percentage in other parts of the country including London, also applies to the new 21/22 Help to Buy Scheme for First Time Buyers. Stamp Duty holiday until the end March 2021 for purchases up to £500,000.

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