5% 存款计划,en

该 5% Deposit scheme has revolutionised the housing market by bridging the gap between what you can afford and the price of your desired house or apartment. The scheme is applicable to new properties (apartments or houses), up to value of £600K in England.

What is

该 5% Deposit scheme?

It’s a initiative offering support to first time buyers looking to secure a home, 但谁正在努力提高存款,,en,这也适用于人动了房地产的阶梯,,en,优点,,en,你只需要的押金,,en,政府会给你一个,,en,大伦敦地区内净值贷款,,en,外大伦敦,,en,免息的第一个五年,,en,具有较高的存款就可以享受到具有竞争力的贷款利率带来的好处,,en,下面的说明,计划在伦敦是如何工作的,,en,根据与价格的400K£标签属性,,en,用尽可能少的,,en,存款和政府抵押贷款,,en,购买价格,,en. It is also applicable to people moving up the property ladder.

Benefits

  • You just require a deposit of 5%

  • The scheme will give you a 40% Equity loan within greater London (20% outside greater London) – interest free for the first five years

  • With a higher deposit you can enjoy the benefits of a competitive loan rate.

Below is an illustration how the scheme works in London – Based on a property with price a tag of £400K:

400K-帮助到买-2

With as little as a 5% deposit and an equity loan of 40% of the purchase price, 可以实现拥有自己的家在伦敦的梦想,,en,并与利率处于历史低点,这是购买的最佳时机,,en,提供抵押贷款,政府为吸引前五年没兴趣这往往是在家庭财务紧张的时刻,,en,后,,en,年贷款利息吸引在,,en,因此,使用上面的例子中,由此净值贷款是160K£,,en,后,,en,年贷款利息会,,en,PA,,sl,对于该款项将每月233£,,en,如果没有抵押贷款,,en, and with the interest rates at an all-time low this is the best time to buy.

The equity loan attracts no interest for the first five years which is often a time when the household finances are tight. After 5 years the loan attracts interest at 1.75%.

Therefore using the above example whereby the equity loan was £160K, after 5 years the interest on the loan would be 1.75% PA, for which the payments will be £233 per month.

Without the equity loan:

400K-帮助后买

You would need to find a minimum deposit of 15% (subject to your credit status) instead of 5%, i.e. £60K Instead of £20K for a property with a price tag of £400K.

The loan will be £340K instead of £220K and the mortgage monthly payment will be correspondingly higher.

As most lenders criteria for a mortgage dictates that you can only borrow up to 4.5 times your salary or joint salary, you will need a total income of at least £80K per annum.

How can we help?

  • We will manage the whole process from initial enquiry through to completion.

  • We liaise with the equity scheme managers in regards to your application process

  • Source your property via our portfolio of approved developments.

  • Our team of skilled Brokers, accountants help you obtain your mortgage.

  • Finally, we supply you with the best and most reasonably priced conveyancing lawyers.

Who is eligible?

To qualify you must:

  • be 16 or over

  • have a valid National Insurance number

  • be a UK resident

  • be a first time buyer, and not own a property anywhere in the world

  • not have another active cash ISA in the same tax year.

Help to Buy: ISA流程图
To qualify, the property you are buying must:

  • be in the UK

  • have a purchase price of up to £250,000 (or up to £450,000 in London)

  • be the only home you will own

  • be where you intend on living

  • be purchased with a mortgage

 

Don’t miss out, call for an appointment to discuss how we can assist you.