Equity Loan
The government is offering an equity loan up to 20% of the cost of your dream new build home. What this means is that you will only require a 5% cash deposit and then you'll need a 75% repayment mortgage for the rest (interest only mortgages do not meet the criteria). An additional positive feature is that you wont be charged any loan fees on the 20% for the first 5 years.
Looking for Help To Buy Dorset, well Wyatt Homes developments can help. Their latest developments have been built across Hampshire, Somerset and Dorset and purchasers have taken advantage of this scheme. There are obviously criteria to be met to take advantage of this scheme, but put simply if you don't look into it and see if you meet these criteria, then how will you know if you qualify? What are you waiting for? Your dream home could be waiting for you.
