Help to Buy: Equity Loan
The Government backed Help to Buy: Equity Loan scheme is available here. The scheme is open to both first time buyers and home movers alike, and means you'll need just 5% deposit to buy a new home.
With Help to Buy, the Government will lend you up to 20% of the value of your new build home via an equity loan. You will need to secure up to a 75% mortgage and put down a 5% deposit. You’ll own 100% of your home from day one.
Find out more about how the Help to Buy scheme works.
Help to Buy: Equity Loan – Terms and conditions apply. Applicants should seek independent financial advice, and get information and guidance on applying for a Help to Buy: Equity Loan at www.helptobuy.gov.uk.
With Home Reach, you buy a share of your chosen home and pay a low monthly rent on the part you don't buy. You get to choose whether you buy a bigger share of a lower priced home or a smaller share of a more expensive one.
With the Taylor Wimpey partnership you can initially purchase up to 75% of your chosen home and heylo will become your landlord, granting you a 125-year lease. This means you will be able to live in your home as if you've bought it outright. You can buy more of your home in the future and stop paying rent on that part.
You can find more details on the heylo Home Reach scheme here.
This development is managed by the North Yorkshire Taylor Wimpey regional office