Use the Help to Buy calculator below to illustrate an example of what the monthly costs when buying a property with a Help to Buy Equity Loan.

The calculator allows you to change the value of the property, mortgage interest rates & mortgage term and demonstrates what the affect your monthly outgoings will be.




Note: First time house buyers may only need a deposit of as low as 5%. This is because the equity loan from the government acts as the remainder of the deposit.

For example: on a £100,000 house, a deposit of £20,000 may be needed. You would pay £5,000, and the equity loan from the government would be £15,000. Added together, this would make the full deposit.

Read more on Equity Loans

Get the best rates for from local Mortgage Advisers now!

Finding the best mortgage advisers in your area is easy. Whether you’re looking for buy to let, a residential mortgage, or a commercial loan just enter your location in the form to answer a few questions and sit back. We’ll do all the legwork to put you in touch with great independent mortgage advisers near you!

 

Powered by Bark