2BR apartment for sale in Lock No 19 | Korter

Help to Buy is a government-backed scheme that aims to help first-time buyers onto the property market  with an equity loan (also known as shared equity) of up to 40% of the value of a new build home. 

• Requires only 5% deposit
• Only a 55% mortgage required
• 40% Government equity loan (interest free for the first 5 years)
• Available on new build homes up with a value of up to £600,000

Eligibilty Criteria 

Requirements:

• Minimum age of 18 years.
• Must be first-time buyer.

Not allowed:

• Owning a home or land anywhere in the world at any time.
• To have had any form of sharia mortgage finance.
• Owning a home bought with other people or inherited.
• Being married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world.
• Purchasing a second home

There are certain price limits on homes you can purchase with an equity loan. The limit varies for each region in England.

*Terms and conditions apply

We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.