Bridge Homes Property Developer - Wakefield Yorkshire - Help to Buy

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 lender.

Please get in touch if you would like more advice.

£0.00

Deposit Required (5%)

£0.00

Help to Buy Loan (20%)

£0.00

Your Mortgage (75%)

£0.00

Total Interest

£0.00

Monthly Repayment

 

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)

Equity Loan price caps:
April 2021 to March 2023

 
Region Maximum property price
 North East  £186,100
 North West  £224,400
 Yorkshire and the Humber  £228,100
 East Midlands  £261,900
 West Midlands  £255,600
 East of England  £407,400
 London  £600,000
 South East  £437,600
 South West  £349,000

The homebuyers’ guide to
Help to Buy: Equity Loan 2021 – 2023

This guide provides useful information about Help to Buy: Equity Loan (2021-2023), a home ownership scheme. It will help you to understand what is involved in taking out an equity loan, how it works and how to apply.

help to buy

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.