Industry News

20% Help to Buy Loan is Now Available on all Properties

19 December 2018

Finally, you can afford a brand new home. With the brand new Government-backed Help to Buy scheme, you could buy one of our quality new homes with just a 5% deposit. Based on a 75% mortgage and 5% deposit plus 20% Help to Buy Government loan. 

How do I apply?

Step 1 – Make a start

We can introduce you to an Independent Mortgage Advisor (IMA) to go through your mortgage options.

Step 2 – Apply

The IMA will arrange for you to get a mortgage agreed in principle and will check that you are eligible for the scheme.

Step 2 –  The Choice is Yours

Once your mortgage and loan has been approved in principle you can choose a property that you may need to secure with a reservation fee.

Step 4 – Get Approved

You can now submit your full mortgage applications and we can help you apply to the home buy agent who will formally confirm your eligibility for the scheme. In the meantime, we’ll get in touch with your solicitor.

Step 5 – Complete

When you’ve got your mortgage offer and the home buy agent has issued an authority to proceed, you’ll be given permission to exchange contracts. Your solicitor will help you to do this. You can then complete and look forward to receiving the keys to your brand new Fletcher Home.

* Limited availability, selected plots only. Subject to status, terms and conditions apply. The scheme cannot be used in conjunction with any other Fletcher Homes offer. Talk to our representative for full details. YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. The mortgage offer is subject to application and status. Subject to contract. The Homes Community Agency (HCA) provide an equity loan for up to 20% of the purchase price of the property. The equity loans provided by the HCA is secured as a second charge on your property. The amount you have to repay to the HCA may be more than the amount of the equity loan.