Simply enter the purchase price of the Jelson home you wish to buy, and we'll tell you how much deposit you need to have and the mortgage amount that you will need to borrow.
Purchase price of home you wish to buy:
You may have heard that the Government’s Help to Buy scheme is changing next year, so as part of our policy of keeping home buyers fully informed, here is a summary of what will happen.
The Help to Buy equity loan, which is open to first-time buyers and existing home owners, will end in March 2021. A new Help to Buy equity loan for first-time buyers only will replace it on 1 April 2021.
As with the current Help to Buy scheme, you can borrow up to 20% (or 40% in London) of the cost of a new-build home. The amount you can spend on your home will depend on where in England you live.
Home buyers who may not be eligible for the new Help to Buy scheme will need to complete the process to buy a new home before 31 March 2021. For those who “are experiencing severe delays due to Covid-19,” the legal completion deadline can potentially be extended from 31 March 20201 to 31 May 2021. But for those who have reserved since 01 July 2020, this deadline remains the end of March.
†Help to Buy is available on all homes, with a purchase price up to £600,000, subject to status and affordability criteria, terms and conditions apply. The Help to Buy scheme is subject to availability and may be withdrawn at any time without notice. Not to be used in conjunction with any other offer. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Not available for second homes or buy to let properties.