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Help to Buy Equity Loan

Up to 20% interest free loan for the first 5 years

Buy your new home with only a 5% deposit

No interest payments on the help to buy equity loan for the first 5 years

Available to first time buyers and home movers on purchases of up to £600,000

Available for the purchase of a new home only

We advise and recommend on a comprehensive range of mortgages from across the market.

Help to buy equity loan example

New property purchase £250,000

Help to buy equity loan (20%)£50,000

Customer deposit (5%)£12,500


Customer mortgage£187,500

If the property is sold 3 years later for £280,000, your share of the sale would be £224,000 (80%, from your mortgage and the initial 5% deposit) and pay back £56,000 on the loan (20% of the sale price). You would have to repay the mortgage.

No interest is charged on the help to buy equity loan for the first five years.

From year 6 onwards the customer is charged 1.75% per annum. For the initial percentage for the equity loan.

After this, the fee will increase every year. This increase is based on the retail price increase plus 1%.


Help to buy equity scheme

From April 2013 the Government Help to Buy equity scheme was available for all buyers purchasing a new home by the end March 2016. The maximum property price for Help to Buy is £600,000

Unlike previous Government's initiatives, this scheme is open to all builders and or developers who register for the scheme. Former help to buy schemes were restricted to selected builders only so were unlikely to be as successful as the current help to buy equity loan scheme.

Builders and developers can register for the help to buy equity scheme here http://www.homesandcommunities.co.uk/help-to-buy

When the property that was purchase through the scheme is sold, it is mandatory that it is at the full market value. The selling price must therefore match the main mortgage lender's independent valuation.

Purchasers cannot part-exchange their existing property for a Help to Buy equity scheme purchase.

Best mortgage deals

Please click on the links below if you would like to see the best mortgage deals.

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View the best mortgage deals in the UK today.

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There are many mortgage lenders that will accept help to buy equity home loan applications. Home buy customers can sometimes have full access to the mortgage lenders products as they would with a normal purchase. Please contact Impartial for further information.

THE OVERALL COST FOR COMPARISON IS 5.2% APR. ACTUAL RATE AVAILABLE WILL DEPEND ON YOUR CIRCUMSTANCES. ASK FOR A PERSONALISED ILLUSTRATION. RATE CORRECT AS OF 13/06/2013

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Some of the products and services shown are not or may not be regulated by the Financial Conduct Authority.

*We do not normally charge a fee for mortgage advice, however this will be dependent on your circumstances. If a fee is charged our typical fee is £200.

Impartial Mortgage & Protection Ltd is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.

Impartial Mortgage & Protection Ltd. Registered office:Top Floor, 5 London Road, Southampton, Hampshire, SO15 2AE

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