Affordable Home-Buyer Schemes to Get You on to the Property Ladder
Equity loan scheme: available to first-time buyers and existing homeowners who want to buy a ‘new build’ house. The purchase price must be no more than £600,000. Under this scheme, you can borrow 20% of the purchase price interest-free for the first five years as long as you have at least a 5% deposit. If you live in london, you can borrow up to 40% of the purchase price.
