Make the move to the Simpson, an impressive penthouse with free flooring, LBTT paid and upgrades included. Book an appointment to find out more. This luxury penthouse apartment in Aberdeen city centre offers an impressive open-plan living space, 3 ...
Note: Distances are straight line measurements
18th Jan 2020
Barratt Homes - Westburn Gardens, AB25
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.