GET A STEP ON THE PROPERTY LADDER
The Help to Buy scheme has now changed and the new Help to Buy: Equity Loan (2021-2023) is only available to first time buyers. The new regional price cap will restrict the value of the home you can buy using the new scheme. In Cambridge the value of the property eligible to use the new scheme is £407,400.
First time buyers can purchase a stunning contemporary new home at the Timber Works using the Help to Buy: Equity Loan with just a 5% deposit. You will then be able to access up to 20% of the property price interest free through an Equity Loan which is provided by the Homes and Communities Agency (HCA). You will then require a 75% mortgage to cover the cost of your home.