Help & advice
At Matilda Homes, our team can offer you advice with purchasing your new property. If you have any questions, please get in touch!Example Property Value
£250,000
Homebuyers Deposit 5%
£12,500
Equity Loan 20%
£50,000
Mortgage required 75%
£187,500
Price Cap
The Governments Help to Buy: Equity Loan is available if the purchase price of the property is £600,000 or lower.
| Region | Maximum property price |
|---|---|
| East Midlands | £261,900 |
| West Midlands | £255,600 |
Help to Buy: Equity Loan (2021-2023)
All of our properties are new builds, we qualify for the government’s Help to Buy scheme which can benefit both first-time buyers and current homeowners. The government loan you 20% of the cost and you provide a 5% deposit and a 75% mortgage to reach the purchase price. The deposit to mortgage ratio has some flexibility if you prefer to have a higher deposit to reduce mortgage payments.
Paying back the loan
The first five years
If you pay the Government loan back within the first five years, the loan is interest free.
From year six
After six years, you will begin to pay an equity fee on the loan at 1.75%. This will increase annually by RPI plus 1%.
Repaying your equity loan
You can repay the loan any time up to 25 years after taking it out. You are also protected if property prices fall. The loan works in line with the current market value, so you owe 20% of the current value of property.
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