(Updated October 2018) Discover our top 10 Help to Buy developments in London perfect for first-time buyers. The application deadline for the current scheme is 15th December. Where is the scheme available?London Help to Buy is available across all Persimmon developments within the 32 boroughs of London and City of London on homes up to £600,000. Choose and buy the best option for yourself. You should consider additional research and professional advice before acting on this estimate. London Help to Buy is available (barkingriverside.london). Media Centre; In The Press; Development News; Corporate News This is the easy part: just contact our friendly sales advisors at any one of our developments across London† and they can use their expertise and contacts to guide you every step of the way. Times are likely to vary according to travel conditions and time of day. With London Help to Buy, the government will lend you up to 40% of the property’s value (compared with 20% if you were buying outside London). For full details on the HM Government-backed Help to Buy: Equity Loan scheme please visit www.helptobuy.gov.uk. You must legally complete your home purchase by 31 March 2021, to be able to get the equity loan funding. Putting down as little as a 5% deposit on a newly built home, you can get a government Help to Buy: Equity Loan.Loans are up to 40% of the purchase price for homes eligible for Help to Buy London and 20% throughout the country. Woolwich, Greenwich SE18 . Help to Buy in London. The London Help to Buy: Equity Loan is available on new-build properties within the 32 boroughs of London and City of London up to £600,000. The London Home Show is the major event for first time buyers in London and attending the event is the best way to get all the latest information on the … Maximum property value: £200,000 until March 2021, Also known as the Affordable New Build or Smaller Developer scheme. Copyright 2020 Persimmon plc. Owning your own piece of the city just needs a 5% deposit and 55% mortgage, and if you reserve selected plots by 15th December 2020, you will still qualify for the current London Help to Buy scheme before it changes in April 2021. This loan is interest free for the first five years. Leeds Building Society, Lloyds Banking Group, Nationwide, Scotwest Credit Union, Skipton Building Society, TSB and Virgin Money. The Help to Buy scheme covering homes valued up to £600,000 has been extended to be available until 2021 for cash-strapped Londoners who want to get on the property ladder in any borough. New build flats & houses for sale in London YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE, YOUR EQUITY LOAN OR OTHER DEBT SECURED ON IT. Boroughs within London. https://www.helptobuy.gov.uk/equity-loan/equity-loans/. Earlier in the year, the Government was swift to act to support the housing market through the pandemic. The latest research by the property developer, StripeHomes, has revealed where across the UK currently presents some of the most affordable property investment opportunities with the potential of a regeneration price uplift. London Help to Buy is available on new-build homes with a maximum value of £600,000. Hounslow. Take a look at the changes to Help to Buy (from April 2021) Applicants should seek independent financial advice, and get information and guidance on applying for a London Help to Buy: Equity Loan at www.helptobuy.gov.uk, A professional legal adviser is required to carry out the legal formalities of buying the home and to represent your interests. How long is the current scheme available for?London Help to Buy: Equity Loan, which is open to first time buyers and movers, will end in March 2021. £25,350 80% mortgage you need to apply for £135,200 Property value Where schools and other educational facilities are mentioned they are intended to highlight their distance from the development and don’t represent a guarantee of admission or eligibility. It's available as an equity loan until 2021. Average house prices in Barking Riverside — and what there is to buy. The amount you can spend on your home will depend on where in England you live. So long as you can raise a 5% deposit, the Scottish Government will provide an equity loan of up to 15% of the property value. Lenders participating in the scheme include Barclays, TSB and Nationwide, Skipton and Leeds building societies. This property is a beautiful Ground floor flat boasting natural light throughout and finished to a high specification for the most discerning owner. This calculator assumes that the minimum allowable deposit for ‘Help to Buy: Equity Loan’ is 5%. Last November, the Government doubled the size of the equity loan it makes available, from 20 per cent to 40 per cent of the home’s value. The London Help to Buy scheme works in the same way as Help to Buy equity loans in the rest of England - but buyers in London can borrow 40% of the property price from the government, rather than 20%. It's a loan that's linked to the rise and fall in the value of your home. If you’re a first time buyer looking for help to get on the property ladder, join us at the London Home Show Spring 2021. House prices in Greater London declined 0.6% during 2018, though markets are localised and performance varies greatly by borough (fig 1). As with the current Help to Buy: Equity Loan, you can borrow up to 40% in London of the cost of a new build home. London Help to Buy is only available on new-build homes like those built by Persimmon. Please select a development for further information. Dates for the upcoming new build property launches, sales releases, open house events, show home viewings and marketing suite openings. (NB: there are price cap changes from 1 April 2021). © 2020 Zoopla Limited. Search for Help to Buy: Equity Loan properties* with your new budget of . So long as you can raise a 5% deposit, the Government will provide an equity loan of up to 40% of the property value – that's double the 20% offered under Help to Buy in England and is designed to reflect higher property prices in the capital. Outer London Boroughs have broadly been outperforming over the last 12 months following strong demand for affordable housing aided by Help to Buy and exemptions from stamp duty for first-time buyers. HM Government will lend you an equity loan of up to 40% of the full purchase price of the home, it's interest-free for the first five years. The Help to Buy scheme can help both first time buyers and home movers purchase your ideal home. Contact Fraser & Co for details. The dimensions shown are approximate and the precise measurements may vary. Trees, planting and public open space shown are indicative, actual numbers and positions may vary. Site plans does not form any part of a warranty or contract. In , Help to Buy is only available on new-build homes up to . As with the current Help to Buy: Equity Loan, you can borrow up to 40% in London of the cost of a new build home. See all 72 new build homes with completion date in 2021 for sale in London. Construction work continued through both lockdowns, SDLT has been suspended on the first £500k for owner-occupiers and a short extension to Help to Buy has been introduced to sustain the market, in addition to further reductions in Base Rate. To buy a home with the current scheme, you must reserve it by 15 December 2020. Help to Buy (Wales) is a scheme aimed at first-time buyers and homeowners looking to move up the property ladder in Wales. Lenders participating in the scheme include Santander, Barclays, NatWest and Halifax. 1818486, https://www.persimmonhomes.com/help-to-buy-london. Below is a list of developments who are proud to offer properties under the scheme. New registrations for the current Help to Buy scheme closed on 31 July 2020 Registrations for home builders are now closed for the current Help to Buy scheme which ends on 31 March 2021. Any borrowing estimates are intended for general indication purposes only. Find New Builds & Developments For Sale in London with Rightmove. How can Foxtons New Homes help you? Help to Buy London scheme example. Full ownership of a one-bedroom flat starts at £262,500. (NB: the scheme will only be available to first time buyers from 1 April 2021). This scheme allows first-time buyers the opportunity to borrow up to 40% of the price of the London property that they wish to buy. The higher the deposit amount, the higher your Help to Buy: Equity Loan budget will be. A Government scheme aimed at helping people with small deposits to buy their first home or move up the property ladder. 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