Seddon Blog

Help to Buy has helped 150,000 people

Posted on March 11th, 2016

Recent figures show that the government backed Help to Buy scheme has now helped 150,000 people to become homeowners since its launch in 2013.

This initiative has proven to be a revelation, with 80% of those that have used the scheme being first-time buyers and on lower incomes, with the average price of a property purchased with Help to Buy costing lower that the national average at £188,380.

According to the Home Builders Federation, Help to Buy has also boosted the demand for new-build homes in particular, which is great news for Seddon!

If you haven’t already taken advantage of Help to Buy, here are the key facts that you need to know:

  • You only need a 5% deposit and the government will lend you the value of 20% of your new Seddon home as an equity loan.
  • This equity loan can be paid back at any time or on the future sale of your home and is interest free for the first five years.
  • Seddon home buyers only need a 75% mortgage, but they will own 100% of their home.
  • Available on all homes up to £600,000.

Help to Buy is available on all Seddon homes across the North West, Midlands and Yorkshire. So whether you are looking for an affordable 2 bedroom home or family sized 5 bedroom property, Seddon has a home that will suit your needs.

So, what are you waiting for? Have a look through Seddon’s current and coming soon developments and discover how you can get moving into your new Seddon home with Help to Buy.

[Source: Zoopla]

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