Seddon Blog

New Government Help to Buy scheme now available from Seddon Homes

Posted on June 28th, 2013

Seddon Homes, one of the Northwest’s premier new homes builders, has been given the green light to help buyers with the introduction of the Government’s Help to Buy scheme.

Help to Buy is an “equity loan” where the Government will loan up to 20% of the value of a new home. In order to secure this only a minimum 5% deposit is required, leaving just a 75% mortgage to find.

Denis Maddock, sales and marketing director said “Help to Buy is really exciting. Forecasts in the housing market for 2013 predict that the scheme will boost the number of housing transactions, particularly where previously lack of deposit and low equity have been a big problem. It means buyers can take advantage of a low deposit, and lower monthly repayments!!

“The loans are available to anyone purchasing a property up to the value of £600,000, which covers the vast majority of our developments, and is subject to the appropriate lender’s credit and affordability checks.

“As the scheme is open to existing homeowners as well as first time buyers, it really will make the aspiration of new home ownership a reality for more people.”

To find out more about Help to Buy click here or ask your Sales Advisor for more details.

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