HELP TO BUY

PURCHASE YOUR HOME WITH AS LITTLE AS A 5% DEPOSIT

We know it’s not always easy buying a new home. At Living Space we want to help you buy the home you need for you and your family. With the Government’s Help to Buy scheme that dream can now be a reality. Help to Buy means you can buy your new or your next home, with as little as a 5% deposit and a 20% Government loan.

HERE'S HOW IT WORKS

1. Choose from our range of new homes available under the scheme, up to a maximum purchase price of £600,000.

2. To secure your home you’ll need a deposit  of at least 5% of the purchase price.

3. We’ll put you in touch with our independent mortgage advisors to take you through the pre-qualification process and your mortgage application. You’ll need to secure a conventional mortgage for 75% of the purchase price and, subject to approval, the Government will lend you up to 20% of the purchase price through an equity loan.

4. The equity loan is interest free for the first five years.

5. You’ll need to pay a reservation fee of £500 to secure your new home.