Help to Buy
How does Help to Buy work?
With the Government backed Help to Buy scheme, first time buyers can get assistance buying their first home with an equity loan of up to 40% of the property purchase price.
The Help to Buy equity loan limit was raised from 20% to 40% of the properties purchase value for homes in all London boroughs to reflect the higher property values seen across London.
You will need to contribute as little as a 5% deposit on a newly built home and your mortgage will make up the rest after the 40% equity loan.
Currently London Help to Buy equity loans are available to first time buyers looking to purchase a new build home with a purchase price up to £600,000.
Eligibility for Help to Buy
You must not own any other property at the time you buy your new home with Help to Buy and it must remain your primary residence.
Contact us about Help to Buy
For more information and to see if you are eligible for the Help to Buy scheme, speak to a member of the Peabody team on 020 7021 4842 or alternatively email enquiries@peabodysales.co.uk
You can also find more information on the Help to Buy Government website.
Featured developments available with Help to Buy:
The Levers
The Levers is a collection of 2 & 3 bedroom apartments located on the edge of Zone 1 in Elephant & Castle, Southwark.
Centralis
Centralis is a selection of contemporary 1, 2 and 3 bedroom private apartments located in Lewisham and offered with Help to Buy London.
Ternary Place
Ternary Place is a selection of 1 & 2 bedroom apartments available on the open marketing and through Shared Ownership. Nestled in a leafy corner of North Ealing and located in zone 3, Ternary Place is situated just a few minutes’ walk from North Ealing Underground station.