Aedis Homes – Help to Buy

You could move with as little as 5% deposit with the Government-backed scheme ‘Help to Buy’, the scheme is open to both first time buyers and existing homeowners on our homes up to the value of £600,000.

How does it work

By using the scheme you need just a 5% cash deposit, with the Government providing an equity loan of up to 20% of the value of the property you’re buying leaving you only needing to secure up to a 75% mortgage from a bank or building society.

What’s more, you won’t be charged interest or fees on the Government equity loan for the first five years of owning your home, and you can choose to repay the equity loan at any time without penalty, or on the sale of your home.

The scheme is available for first-time buyers and existing homeowners, on new homes up to a maximum purchase price of £600,000. The equity loan must be repaid after 25 years, or earlier if you sell your property and is interest free for the first five years.

Typical example