Help To Buy

You may have a nest egg put aside ready to purchase your home at Infinity Riverside, but if you’re struggling to find a deposit do not despair, we can lend a hand. We are delighted to offer the Government-backed Help To Buy equity loan scheme at Infinity Riverside which can help you secure your dream home here with as little as 5% deposit*.

How It Works:

  1. 1

    You need just a 5% deposit to buy a new build home.

  2. 2

    On qualification, the Government will lend you up to 20% of the value of a property in the form of an equity loan which can be repaid at any time or on the sale of your home.

  3. 3

    You then need to secure up to a 75% mortgage from a bank or building society.

    • Help to Buy is available to all potential and existing homeowners and there is no salary cap or joint income limit applied.
    • The scheme covers applicable new build properties up to the value of £600,000.
    • It will run until April 2020.
    • The loan is interest free for the first five years. In the sixth year, you will be charged a fee of 1.75% of the loan’s value.

    The fee will increase every year and this increase is worked out by using the Retail Price Index plus 1%.

    There are also 20, two and three bedroom homes available to buy through Shared Ownership in partnership with Thirteen Group. You only need to afford to buy part of a property, not all of it. It allows you to buy your home in stages (called ‘staircasing’) and you can buy more shares as and when you can afford it. To find out more, contact sales@thirteengroup.co.uk or call 01642 947070.

    * The help to buy scheme is subject to terms and conditions and acceptance of the help to buy scheme. Your home is at risk if you do not keep up repayments on your mortgage or any other loan secured on it.

    Full terms and conditions are available at www.helptobuy.org.uk

Example House Value: £140,000

House Value Graph Muse Infinity - Home Interior

Contact our sales team on 01642 939625
or email sales@infinityriverside.co.uk