Lagan Homes welcome the introduction of Help To Buy.
Lagan Homes would like to warmly welcome the introduction of Help To Buy as a further boost to those looking to purchase a new home.
Launched April 2013 the scheme enables those with low deposits (minimum of 5%) to purchase a new home with just a 75% mortgage, the government funding up to 20% as an equity loan.
The scheme is available on all Lagan Homes immediately up to value of £600,000. Homeowners benefit from competitive mortgage rates as they only need to seek a 75% mortgage, whilst owning 100% of their home. The Equity Loan is interest free for 5 years and be held for up to 25 years.
Crucially, the scheme applies to both First Time Buyers but also those already with a house that are seeking to acquire a New Home.
Sandie Clarke, Sales & Marketing Manager at Lagan Homes, states “the introduction of this scheme will be a welcome boost to all those currently looking to buy their new home, both to First Time Buyers and those already on the housing ladder but with limited equity. Also as the qualifying criteria has relaxed somewhat the scheme applies to a much broader range of house types and therefore to purchasers in a broad range of situations. We think this is a great help !”
Please contact our Sales Advisors today for further information on how we can get you moving today, regardless of having a small deposit!