Help to Buy

If you are a first time buyer using the Government-backed Help to Buy: Equity Loan Scheme, you could move with just a 5% deposit*

Help to Buy allows you to buy an Elemento home with just a 5% deposit, and the government will lend you up to 20% of the value of the property through an equity loan. For completions from 1st April 2021 there is a new Help to Buy scheme available to first-time buyers only. Regional price caps will come into force which will restrict first-time buyers in the value of homes they can buy using Help to Buy. Each area of the country will have different price caps, for example, East Midlands £261,900; East of England £407,400; and London £600,000.

 

*Terms and conditions apply. Schemes cannot be used in conjunction with each other, or any other advertised offers. Elemento Group reserves the right to withdraw or alter these offers at any time prior to payment of a reservation fee. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Regional price caps apply, subject to the Government ‘Help to Buy’ terms and conditions and only available to customers where a primary mortgage is secured. Not available on second or additional homes, buy-to-let and let-to-buy properties. HomeBuy agent eligibility check required. The equity loan is interest free for the first five years and needs to be a minimum of 10% of the purchase price up to a maximum of 20%. You must pay back the loan at the end of your main mortgage term or when you sell your home. Subject to status, terms and conditions apply.

Open to first time buyers

You only need a minimum 5% deposit to qualify

You will only need to secure up to a 75% mortgage from a bank or building society

The loan can be repaid at any time or on the sale of your home

The Government funds the remaining 20% with a deferred loan*

You won't be charged loan fees on the 20% loan for the first five years

You own 100% of your new Elemento Home

Part Exchange not available with Help to Buy

Not available if you own any other properties

Regional price caps apply