We’re here to help you move into your first home.
We’ll do everything we can to make your move simpler.
If you’re looking to buy a William Davis home but are struggling to build up your deposit, Help to Buy could make buying your new home more accessible. Through the Help to Buy scheme you can get an equity loan from the government of up to 20% of the purchase price, so you could pay as little as 5% for a deposit.
Help to Buy is available subject to eligibility, terms and conditions.
At a glance:
Available to first-time buyers purchasing a single property who do not currently own a property in or outside of the UK only.
Standard features include:
The Government will lend you up to 20% of the value of your new home with an equity loan, that can be repaid at any time within 25 years (or on the sale of your home, whichever is sooner).
You’ll need a minimum of 5% deposit.
Therefore, you’ll only need to secure up to 75% mortgage from a bank or building society.
The equity loan is interest-free for the first five years.
The price of a Help to Buy house is subject to its location in England.
The Help to Buy: Equity Loan scheme will run until March 2023.
For first-time
buyers
To be eligible, you or anyone you’re buying a home with must be over 18 and not own or have inherited a home or land anywhere in the world now or in the past. All applications made by anyone that is married or in a cohabiting relationship must be a joint application and the home must be the only place of residence for both applicants.
Regional property price caps
The price of the home you can buy using Help to Buy depends on where the home is. There are regional property price caps, the prices below reflect the location of our William Davis developments.
• East Midlands – £261,900
• West Midlands – £255,600
Source: HM Treasury
Want to know more?
If you’re a first-time buyer and considering a William Davis home, we’d love to talk to you. Call us to chat or arrange a viewing to talk through it all face to face with one of our expert sales consultants.