For first time buyers, purchasing a London home seems utterly impossible, however, it has become a realistic opportunity thanks to London Help-to-Buy. What’s even more interesting, is that buying a house in London is now a lot cheaper than renting, so here are the facts you need!
London Help-to-Buy means that you could afford to buy an Inspired London home with a 40% equity loan, 55% mortgage and only a 5% deposit. Essentially, it is the same as the government’s existing help to buy equity loan scheme except “twice as generous” because you can borrow up to 40% of the home’s value, instead of 20% under the current scheme
London Help-to-Buy applies to new homes worth up to £600,000 in any of the London boroughs and the City of London.
There are no age restrictions, but you must be eligible for a mortgage to qualify for the scheme and your mortgage must be for at least 25% of the property’s value. The scheme is also only open to UK residents living in the UK.
Our homes start at just £183, 950 and combine stunning design with excellent fittings. Many of our homes also offer residents the chance to enjoy privileged access to a 10th floor ‘sky garden’ and BBQ.
To find out more information about our high tech, high spec apartments, please call 020 8688 6552.