The new low deposit scheme that can help you to buy a new Berkeley home
We know it's not easy buying your first home or moving up to a new one. Large deposits can take a long time to save for, and sometimes it's difficult to secure sufficient mortgage finance. But help is at hand, thanks to Berkeley and Help to Buy.
Help to Buy is a new scheme backed by the Homes and Communities Agency (HCA), which is working with selected developers to make it easier for you to buy a new home.
*Assuming 5% increases per annum.
For this example this is equal to an APR 5.2% typical. The total amount repaid is £81,456. You should remember this is an illustration. House price inflation, the Retail Price Index and the fees and costs an owner pays could all vary substantially over time. Your solicitor/conveyancer will be able to provide a further illustration of APR when they advise you on your purchase.
Prospective buyers should always seek independent financial advice before proceeding.
For further information on the Help to Buy scheme and list of FAQs, please visit the Homes and Communities Agency website.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CHECK THAT THESE MORTGAGES WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT FINANCIAL ADVICE.
The Berkeley Group plc, Berkeley House, 19 Portsmouth Road, Cobham, Surrey, KT11 1JG. April 2013.