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What is Help To Buy?

Aug 28, 2019

Exclusively dealing with new build properties has meant that potential buyers have access to the London “Help To Buy” scheme when they choose Stone Real Estate to find them their dream home.

It is a government-backed option for hopeful applicants to finally become proud homeowners by offering more manageable deposits (as little as 5%) and a guarantee that they won’t need to pay interest on the equity loan for the first five years of moving in. More importantly, the scheme is available to both first-time buyers and current homeowners while also being offered at a number of participating banks including Lloyds, Santander, Nationwide and others.

Since it was introduced in 2016, the London “Help To Buy” scheme has surged in popularity. Testimonials by all manner of buyers has extended from young couples who, “are now able to make a longer-term home” to single professionals who claim that the, “Help To Buy process was conducted so efficiently” and lenders receiving over 2,300 mortgage applications in 2018 alone demonstrates that the considerable impact “Help To Buy” has made on providing hard-working people with the means to purchase the home they deserve.

Best of all, our current listings stretch across several London locations including Hackney, Croydon, Fulham with many offering “Help To Buy” as an option for applicants and an accessible route to owning a home in London.

We invite any interested applicants to book an appointment with any of our Area Geniuses to discuss “Help To Buy” in-depth and explore the variety of options available.