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Help to Buy makes buying a new home more affordable

Helena Living is pleased to announce 'Help to Buy' at Waterway Park, our fantastic new development in Warrington.

This new Government-backed shared equity scheme could help you buy a new home with only a 5% deposit plus a 20% equity loan. This means that you only need to secure a mortgage for 75% of the value of the home you want to buy and may be able to benefit from some of the best mortgage rates available.

Here's how 'Help to Buy' Works:

It's open to all homebuyers, not just first time buyers
It's available on new build homes in England, up to a value of £600,000
Purchasers need a minimum 5% deposit to qualify
The Government will lend a minimum of 10% and up to 20% of the value of the home through an equity loan;
The loan can be repaid at any time or on the sale of the home
Purchasers need to be able to secure a mortgage of up to 75% of their home's value
Example, based on a £125,000 purchase price

Example

Your mortgage (75%) £93,750
Your deposit (5%) £6,250
Government equity loan (20%) £25,000
Total Purchase Price: £125,000

Why buy from Helena Living?

Our homes:

Have a high quality specification with lots of extras included as standard
Meet Level 3 of the Code for Sustainable Homes
Are designed to Lifetime Homes Standard
Have achieved Secure by Design accreditation
Come with a Premier Guarantee
Don't miss the chance to buy your dream home with just a 5% deposit with Help to Buy. Register your interest today by emailing helenaliving@helenapartnerships.co.uk or call us on 01744 671555 to find out more. Or visit our show home and sales office at 16 Nook Lane, Latchford Village, Warrington, WA4 1NF, telephone 01925 629 461. Open 7 days a week, 10am to 4pm

Help to Buy is available on new build properties up to a maximum value of £600,000. Applicants are subject to financial qualification and approval by the regional Homebuy Agent.
You will need to raise a mortgage for at least 75% of the purchase price of your new home. A minimum of a 5% deposit is required, more may be required depending upon circumstances and your lender's criteria.
You can borrow up to the remaining 20% of the purchase price by taking out a loan secured over your new home from the Government's Homes & Community Agency (HCA) over a maximum period of 25 years. The loan is interest free for the first five years after which a fee of 1.75% is payable, which will increase annually by RPI inflation plus 1%
Help to Buy is available on selected plot and is subject to eligibility and terms and conditions. Worked Example given for illustration purposes only.
Images are of typical property type at Waterway Park. Prices are correct at time of going to press. *Full market value range from £123,000 to £172,000
YOUR HOME MY BE REPOSSESSD IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

05 August 2013

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