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FAQ

About Help to Buy

What is Help to Buy?
Help to Buy is the government backed equity loan scheme, available to First Time buyers and next time movers, (you must sell your existing home and only own one property at the time of legal completion). Discover more at- https://www.helptobuy.gov.uk/
What are the terms and conditions of a Help to Buy purchase?
Help to Buy: Equity Loan - Eligible applicants will be offered an equity loan of up to 20% of the purchase price at the open market value. Applicants are required to fund at least 80% of the purchase price with a conventional main mortgage and minimum of 5% deposit. For the first five years there is no interest charged on the equity loan. At the start of year six, 1.75% interest is payable on the equity loan, which rises annually by RPI inflation plus 1%. The equity loan is provided by the Government’s Homes and Communities Agency, trading as Homes England, and held as a second charge on the Help to Buy home. Terms and conditions apply. Applicants should seek independent financial advice, and get information and guidance on applying for a Help to Buy: Equity Loan at www.helptobuy.gov.uk. This scheme is subject to status and is only available on selected developments and properties in England. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

About Bata Mews, East Tilbury

When will the properties be ready to move in?
A few of our homes are ready now, call us for more information 01375 48 88 88