Help to Buy at Woodcroft

29 May 2020
Help to Buy is available on all of our homes at Woodcroft, a small and exclusive development of 4 bedroom homes nestled within the desirable area of Horsforth.



What is Help to Buy?


Help to Buy is a government backed scheme designed to help you buy a new build home up to the value of £600,000.


How does it work?


Help to Buy allows you to own 100% of your home and only pay 80% up front. You will need to provide a 5% deposit and the government will then lend you up to 20% as an equity loan. You would then need to apply for a mortgage based upon the remaining 75%

 

Example



The Woodley - Plot 2

4 Bedroom Home
House Price - £435,000
 
Deposit 5% £21,750
Equity Loan 20% £87,000
Mortgage 75% £326,250

For further information on affordability, our Help to Buy calculator can give you indicative guidance

Calculator

For a limited time only, when you reserve your brand new home at Woodcroft, we’ll contribute £10,000 towards your deposit.
 

Am I eligible?

The myth that surrounds the Help to Buy scheme is that it is only for first time buyers and it is safe to say that this is definitely not the case. The scheme is for any buyer who is looking to purchase a new build home. Whether you’re looking to get on to the property ladder or move up it, Help to Buy could help.

You must be able to -
  • Have access to a minimum 5% deposit
  • Fund up to 75% of your chosen home through a conventional mortgage
  • Have no other residence or properties in your name before your homes completion date
  • Not rent out your existing home and buy a second home through Help to Buy

 

For further information on buying your new home at Woodcroft with Help to Buy our sales consultant Sue is available to answer any of your questions.

Get in touch   Homes at Woodcroft