The Telford has a living room with French doors to the garden, two bedrooms and a separate bathroom. This property is being sold under the Heylo Home Reach Scheme whereby you will have the option of buying a share of up to 75% of the property. Subject ...
Morpeth
(0.9 miles)
Pegswood
(2.0 miles)
Note: Distances are straight line measurements
Listed on
21st Aug 2021
by
Charles Church - Trevelyan Grange, NE61
The Telford has a living room with French doors to the garden, two bedrooms and a separate bathroom. This property is being sold under the Heylo Home Reach Scheme whereby you will have the option of buying a share of up to 75% of the property subject ...
Morpeth
(0.9 miles)
Pegswood
(2.0 miles)
Note: Distances are straight line measurements
Listed on
21st Aug 2021
by
Charles Church - Trevelyan Grange, NE61
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.
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