Do you know the current Help to Buy deadline is Tuesday 15 December?
The Help to Buy Equity Loan scheme in England is available to first-time buyers and existing homeowners until 31 March 2021. This scheme provides you with up to 15% of the purchase price of a new build home, meaning your mortgage and deposit covers a combined minimum of 85% of the total purchase price. When this scheme comes to an end, a new Help to Buy Equity Loan for first- time buyers only will come into effect. The purchase price threshold has also been revised – previously you could purchase a home up to a maximum value of £600,000, whereas after 31st March 2021, this threshold will depend on what location in England you're moving to.
To make sure you benefit from Help to Buy this financial year, applications must begin by Tuesday 15th December or you may risk missing out on the Equity Loan. This date has been set to allow enough time for the buying process to complete.
If you would like any further information, please don't hesitate to contact our sales team.
T: 01908 608404