Putting property ownership within reach of those who thought they couldn’t afford to buy, Help to Buy is a Government equity loan worth up to 40% of the purchase price inside Greater London and 20% in the rest of the country. Help to Buy enables buyers to purchase a new home with a deposit of only 5% and a mortgage for the remaining 55% or 75% of the purchase price, depending on whether the property is inside or outside London.
Buyers using Help to Buy London have been able to purchase our apartments with a salary as low as £38,000 or £20,000 each if purchasing as a couple*. So speak to our sales team to find out more and to obtain expert financial advice on whether you are eligible.
NOTE: Help to Buy is only available for purchasers exchanging contracts within six months of scheduled completion date of the development.
*Always consult a Help to Buy / mortgage specialist
For Inspired properties all you need is a 5% deposit to secure your home. The Government will provide an equity loan of up to 40% of the property value, meaning you only have to secure a mortgage of up to 55% from a bank or building society. The Government equity loan is interest-free for the first five years and can be repaid at any time during the loan term or on the sale of your home.
Outside London, the Government loan is 20%, so you’ll need a mortgage of up to 75%.
Call Inspired Homes Sales and Marketing team to see if you could be eligible for Help to Buy!
Help to Buy is an incredible opportunity for would-be buyers. Just pick up the phone and we'll talk you through it, but the tables below show the simple maths for both the 20%, outside London offer and the 40% London scheme. This could mean your move from renting to buying!