Help to Buy South

Help to Buy South is the Government appointed agent for Help to Buy Schemes in Hampshire and Isle of Wight, Berkshire, Oxfordshire, Gloucestershire, Wiltshire, Bristol, North Somerset and Mendip. Help to Buy South are the point of contact for first-time & next-time buyers wanting to move home in an affordable way. 

The schemes include Shared Ownership and Help to Buy Equity Loan. 

The Help to Buy Equity Loan scheme enables you to buy a new build property with a 5% deposit and borrow up to 20% of the value of the home in the form of an interest free* equity loan from the government. You will then need to raise a 75% mortgage to cover the remaining cost of the home.

Shared Ownership allows you to buy a share in a property between 25% - 75% of the purchase price, you then pay a low cost rent on the remaining share. It can often be an affordable alternative to renting or buying on the open market, and unlike purchasing on the open market, you don’t need to raise a deposit based on 100% value of the property, just for the share that you are purchasing.Help to Buy South

Registering with Help to Buy South is free and easy to do. Simply visit the website and complete an online application.

For more information visit www.helptobuysouth.co.uk or call 0800 456 11 88. You can also find Help to Buy South on Facebook and Twitter.

*The equity loan is interest free for the first five years, but in the 6th year of ownership, a fee of 1.75% of the equity loan based on the market value at the time you purchased is payable monthly, rising annually by the increase (if any) in the Retail Price Index (RPI) plus 1%. This is applicable if you have not paid back your equity loan by the end of year 5. An illustration will be given to you at the time of purchase.
September 20, 2018

Add new comment