Help to buy Q2 & Q4
5% deposit | 75% Mortgage | 100% Your home
Available to first time buyers on most apartments within the second and fourth quarters at The Winerack.
With Help to Buy you can move in to a brand-new waterfront apartment with just 5% deposit.
The Government will lend you up to 20% of the cost of your newly built apartment, so you’ll only need a 5% deposit and a 75% mortgage to make up the rest.
You won’t be charged interest on the 20% loan for the first five years of owning your home and the equity loan is paid back either at the end of the mortgage term or on the sale of your apartment. You can repay sooner if you wish to do so.
The Help to Buy interest free equity loan is exclusively available on new build properties with a maximum value of £407,400. Working together with Exquisite Private Finance, our financial partner and independent mortgage adviser, who can also help arrange your mortgage and recommend the most suitable deal for you.
Find out more at: https://www.helptobuyese.org.uk/help-to-buy/help-to-buy-equity-loans
As a mortgage is secured against your property it may be repossessed if you do not keep up the mortgage repayments.