If you want to own a newly built home in London, you could borrow up to 40% of the purchase price from the Government with the London Help to Buy scheme.
You would only need a 5% deposit and your mortgage would make up the rest. London Help to Buy applies to newly built properties with a sale price of up to £600,000.
The home must be your primary residence and you must not own another property at the time you buy your new home.
Peabody developments with Help to Buy available will feature the Help to Buy logo.
For more information visit the London Help to Buy website.