Help to Buy
Rydon Homes is pleased to offer Help to Buy at selected developments. The government-backed Help to Buy scheme has assisted over 130,000 people into home ownership with as little as a 5% deposit.
How does Help to Buy work?
The Help to Buy equity loan scheme enables first time buyers and existing home owners to purchase a new home with just a 5% deposit.
The government will lend you up to 20% of the value of your new home, leaving you to raise the remaining 75% from your mortgage provider. Significantly, you will not be charged any fees on the 20% loan the government would provide for the first five years.
A worked example
- Asking Price: £375,000
- 5% deposit: £18,750
- 20% Help to Buy contribution: £75,000
- 75% mortgage required: £281,250
*Help To Buy is subject to scheme rules & on selected homes only.
Click here to view our available developments.
To find out more about Help to Buy, including how it works and buyer testimonials, click here.
