Budget 2013 Help to Buy
Published / Last Updated on 12/03/2014
Budget 2013 Help to Buy Deposit
“Help to Buy” scheme deposits
Goverment will expand the help for first time buyers and help who can afford mortgage payments but do not have the deposit
How it works
- For New Build Homes Only
- Starts 01 April 2013
- You pay a 5% deposit
- Government will lend up to 20% deposit
- 20% Loan for deposit will be interest free for 5 years - you can repay this at any time
- Was available to first time buyers only
- Now available to all buyers
- Maximum house price £600,000
- Help to Buy will be available for 3 years.