***Ready and waiting for you to move right in!** Reserve this stunning home this month for just £100 and get £10,000 towards your new home too! Visit us today and we'll give you 10 reasons to buy your dream home today. Terms and conditions apply*** ...
Note: Distances are straight line measurements
8th Aug 2019
Galliford Try South West - Trelawny Parc, PL13
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.