Help to Buy overview

CY Homes and CY Developments are registered with the Government's Help to Buy scheme. The following explanation is from the Help to Buy website.

With a Help to Buy Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

 

Help to Buy: Equity Loan scheme Example

 

If the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.

To reflect the current property prices in London, from February 2016 the Government is increasing the upper limit for the equity loan it gives new home-buyers within Greater London from 20% to 40%.

Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.

You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

View the official website

Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.

You won’t be able to sublet this home or enter a part exchange deal on your old home. You must not own any other property at the time you buy your new home with a Help to Buy: Equity Loan.

- See more at: https://www.helptobuy.gov.uk/equity-loan/eligibility/#sthash.dwhi07M4.dpuf

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

- See more at: https://www.helptobuy.gov.uk/equity-loan/equity-loans/#sthash.01kXIj8P.dpuf

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

Example: for a home with a £200,000 price tag


Help to Buy: Equity Loan scheme Example

If the home in the example above sold for £210,000, you’d get £168,000 (80%, from your mortgage and the cash deposit) and you’d pay back £42,000 on the loan (20%). You’d need to pay off your mortgage with your share of the money.

For more information (including advice on fees and paying back your loan) please download our Help to Buy Buyers’ Guide (PDF).

London Help to Buy

To reflect the current property prices in London, from February 2016 the Government is increasing the upper limit for the equity loan it gives new home-buyers within Greater London from 20% to 40%.

- See more at: https://www.helptobuy.gov.uk/equity-loan/equity-loans/#sthash.01kXIj8P.dpuf

Help to Buy

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  • If you match the Government's criteria, you may qualify for a 20% equity loan on any of our newly built homes under £600,000, or up to 40% if the property is within the Greater London area.

    We would be happy to talk you through the process, or you can speak to the HCA Help to Buy agent for your region.

    Find out more

For sale

If you would like details of our new homes, see the selection below, or you can contact sales by email at This email address is being protected from spambots. You need JavaScript enabled to view it.

We are building a range of apartments in Streatham Hill, London SW2; Haslemere, Surrey and three executive homes in Epsom, Surrey - all due to be completed by Spring 2017. They can be bought off plan by contacting This email address is being protected from spambots. You need JavaScript enabled to view it.. Further details are available here...


New build, terraced dormer bungalow with two bedrooms

New build, terraced dormer bungalow with two bedrooms


New build, two-bed, end of terrace dormer bungalow

New build, two-bed, end of terrace dormer bungalow

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