The Bower is a delightful 2 bedroom bungalow offering flexible living space. Kitchen/dining room with French doors opening onto the rear garden. Separate sitting room. Bathroom includes a separate shower, useful storage cupboard to the hallway. 2 ...
Note: Distances are straight line measurements
8th Jul 2019
Bovis Homes - Townsend Place, SN6
It's a loan that's linked to the rise and fall in the value of your home. If you take a 20% equity loan for example, the amount you owe will always represent 20% of the property's value.
You won't be charged loan fees on the equity loan for the first five years of owning your home.
After five years you will be required to pay an interest fee of 1.75% of the amount of your Help to Buy shared equity loan at the time you purchased your property, rising each year after that by the increase (if any) in the Retail Prices Index (RPI) plus 1%.
The loan itself is repayable after 25 years or on the sale of the property if earlier.