Help to Buy Calculator
All you need is a 5% deposit to secure your home, with up to 20% of the property value provided by an equity loan from the Government and a mortgage of up to 75% from the bank.
Please get in touch if you would like more advice.
This calculator is provided for informational purposes only.
You should not make any decisions based simply on the information provided.
Values indicated are estimates and may not be accurate and are only to be used as a guide.
Help to Buy Example
The following is an example of a repayment mortgage on a £250,000 property bought under the Help to Buy scheme.
Price (75% LTV)
£250,000
20% Equity Loan
£50,000
Own Deposit
£12,500
Mortgage
£187,500
Fixed at 1.59%
to 2/5/22
£582.40/mth
Reverting to SVR
of 4.00%
£857.08/mth
Term
Length
35 years
(The overall cost for comparison (APRC) is 3.7% APR)
HELP TO BUY OFFERED BY BRIDGE HOMES
All you need is a 5% deposit to secure your home, with up to 20% of the property value provided by an equity loan from the Government and a mortgage of up to 75% from a bank or building society.
