HELP TO BUY
Valuations

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WHAT IS THE HELP TO BUY SCHEME?

To help people purchase a property in the Capital, the government has put a range of Help to Buy schemes in place, including:

  • Shared Ownership – If your household earns under £90,000 per year (£80,000 for all other areas of England), you can purchase between 25% and 75% of the shares in your home and pay rent on the remaining shares.
  • London Help to Buy – If you put at least a 5% deposit down on a new-build home in London, you can secure a government equity loan worth 40% of its asking price.
  • Help to Buy: Equity Loan – Under this scheme, you can loan 20% of your home’s asking price from the government, and you won’t pay any interest for the first five years. You’ll need at least a 5% deposit and a mortgage from a commercial lender to cover the rest of the property’s asking price.

Want to find out how much of your home’s share you’ll need to pay back and the costs involved with redeeming your loan? Call us. We’re happy to offer advice.

WHAT WILL YOU GET FROM A HELP TO BUY VALUATION?

Our valuations provide you with an independent assessment of your home’s current market value to give you all the information you need to make informed financial decisions, whether you’re redeeming your loan or selling your property. With a Help to Buy Valuation, you can:

  • Understand how you’ll manage your finances.
  • Discover how much you’ll be entitled to if you sell your home.
  • Find out how much you’ll need to repay to settle your debt.
  • Determine your monthly rental costs on the equity owned by the government.

If you want to sell your home and still have some of your Help to Buy loan left to pay, you’ll be required to obtain a Help to Buy Valuation. For cost-effective prices and unrivalled reliability, look no further than Novello.