With changes to the Help to Buy scheme officially coming into effect from the 31st March 2021, there is no better time than now for first-time buyers to take full advantage of the Help to Buy Equity Loan. This excellent scheme is now limited only to those purchasing their first property, offering added assistance for first-time homebuyers looking to get a foot onto the property ladder by offering a contribution to the deposit.
Under the renewed Help to Buy scheme, purchasers can borrow a percentage of a new build property’s full purchase price from the Government, from a minimum of 5% up to a maximum of 20% and 40% in London. This loan applies only when buying with a homebuilder registered for the Help to Buy Equity Loan, and there are maximum price caps depending on what region you are looking to purchase in. For the South East, where all of our developments are based, the price cap is now £437,600.
At Millwood, we have a number of charming developments with Help to Buy available, including our upcoming site Heartenoak Meadows, perfect for first time buyers in search of a new home to kick start the year.
This month we launched our brand-new boutique development, Heartenoak Meadows, comprising a collection of 18 traditional style homes situated within a short walk to the centre of Hawkhurst village, in Kent. Each home offers a unique barn-styled exterior with the surrounding countryside perfectly complimenting the homes. With Help to Buy available on many of the new properties, Heartenoak Meadows is well suited to first time buyers in search of a fresh start.
If you’re looking to start your property search, register your interest in our new properties available with Help to Buy.