Help to buy

What is help to buy ?

Help to Buy is a Government backed equity loan aimed at helping you purchase your new home.

The scheme is open to both first time buyers and existing homeowners looking to move, on new build properties up to a maximum value of £600,000. Using the scheme, purchasers only need a 5% deposit and a 55% mortgage to qualify for a 40% interest free equity loan backed by the UK Government.

YOU OWN 100% OF YOUR HOME

Using the help to buy scheme at Upper Riverside is a private purchase and therefore you will own 100% of your home.

This means you’ll have access to the Residents’ Club including, Roof Terrace, Pool, Gym, Cinemas and other facilities available through the neighbourhood.

You also purchase a home that has been created by an acclaimed designer, choose a home that’s as interesting as you.

Want to find out more? Contact our sales team below.

DESIGN

Quality comes from the inside, with materials that speak of solidity and refinement.

RESTAURANTS & CAFES

With a selection of bar and dining options on your doorstep, you decide to go casual or chic.

DESIGNERS

Designed by a handpicked group of acclaimed designers, find a home as interesting as you.

CRAFT

These are homes designed for living – for every moment of the day, and every stage of life.

GYM

Work out in style with Tom Dixon designed spaces

POOL

An evening dip, never looked so tempting

HOW DOES THE SCHEME WORK?

The Government backed scheme, allows first time buyers to get onto the property ladder sooner.

 
The equity loan is interest free for the first 5 years, after which there is an annual fee of 1.75% of the outstanding equity loan. This is increased annually by RPI plus 1%. The equity loan must be repaid after 25 years, or earlier if you sell your home.

 
Equity Loan is available to homebuyers regardless of their annual personal income with mortgages available from a number of high street lenders.

 
AT UPPER RIVERSIDE PRICES fOR 1 BEDROOM APARTMENTS ARE FROM £550,000
WHICH MEANS THE BELOW FINANCIAL BREAKDOWN:

 

  • 5% deposit
    £27,500
  • 40% Help to Buy loan
    £220,000
  • 55% mortgage
    £302,500

 

Use our Help To Buy calculator below to do the numbers yourself.

HELP TO BUY AT UPPER RIVERSIDE

£
Minimum income is £70,000
%
£66k
min £550k
Results With Help to Buy
Estimated monthly mortgage repayment £-NaN
5% deposit £3,300
40% Help to Buy Equity Loan £26,400
55% mortgage £36,300
Property value £66,000
On the 16th November we are holding a Help to Buy event with Stamp Duty offers, sign up below to find out more.


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To arrange a viewing please email or call 020 3713 6153