The Tynedale is a three bedroom family home that comes with a downstairs bedroom and bathroom, open plan kitchen/diner with French doors leading to the garden, dual aspect lounge with French doors leading to the garden and en suites to the first ...
Note: Distances are straight line measurements
18th Jan 2019
Charles Church - Thornley Woods, NE21
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.