• September

    27

    2016
  • 2090
  • 0
GHE Housing Schemes

GHE Housing Schemes

So you’ve found your perfect new home, let us help you make buying it a little easier.

GHE Homes have a range of schemes designed to make your new home more affordable, and we are always looking at new schemes and incentives to make buying your dream house a reality.

Help to Buy

Equity Loans
This is a government backed-scheme to help you move into a new home with as little as a 5% deposit. This incentive is available to everyone from first-time buyers to existing home-owners wanting to buy a ‘new build’ house. The purchase price must be under £600,000, and the scheme allows you to borrow 20% of the purchase price interest-free for the first five years as long as you have a 5% deposit. This means you will only need to secure a mortgage of 75% of the purchase price.  If you live in London, you can borrow up to 40% of the purchase price. The scheme is available until 2021.

e.g. Buying an example home with a purchase price of £250,000.

  • Deposit  £12,500
  • Government loan £50,000
  • Mortgage amount £ 187,500

Read more in the government guide Help to buy – Everything you need to know.

Starter Home scheme

The Starter Home scheme is a new government plan where 200,000 new build homes are available to first-time buyers under 40 years old with a minimum of 20% off the market price.

The discounted price for these homes should be priced no more than £250,000 outside London, and £450,000 in London.

To find out more about this initiative go to gov.uk.

Call GHE Homes to find out about new homes near you, and which schemes will be available at each location 01635 529 090.

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