New Build HomeBuy & FirstBuy Mortgages
Capital Fortune have assisted a number of clients buying new build houses and flats under the HomeBuy scheme.
This scheme is part of a Government initiative to help certain groups of people including key workers (such as nurses, police officers and teachers) and social tenants to afford their own homes. It enables people to buy selected new build properties with the help of an equity loan.
The scheme is available through the Homes and Communities Agency who together with the house builder will provide an equity loan of up to 30% of the value of the property. The buyer will secure the remaining equity share. The equity loan will be secured by way of a second charge with an interest charge/fee payable after the first five years.
Feel free to contact us by telephone or using our enquiry form should you require further assistance.