An Equity Loan

One equity loan

Announced in the recent budget, the government's Help to Buy program has extended the availability of equity loans to all buyers of new buildings. A loan-to-equity bonding program for first-time buyers. Tuntum Housing Association (Equity Loan) Help to Buy Equity Loan is open to both first-time purchasers and current home owners. The schema can be for you if: They buy their first house and find it hard to safe for this "big" security bond. Are you looking to move to your next home, but need help getting to the next step of the ladder?

What is the best way to do this?

This program will help you buy a new home with an equity loan of up to 20% of the total value of the home. There is no need to interest on this loan for the first five years and you own 100% of your own home from the beginning.

Further information can be found on the Help to Buy Equity Loan website.

Buy a new building: Assistance with the purchase of equity loans

If you are a purchaser of a new building, you may be entitled to a loan from the federal authorities to purchase equity. Equity-backed lending helps first-time purchasers and current home owners who would otherwise find it hard to find a 10% investment. Since the system was launched, our sales force has supported purchasers with a number of development projects using Help to Buy Equity loans.

Helpdesk to Buy Equity Loans have contributed to financing more than 150,000 acquisitions.

At the end of 2017, the number of real estate acquired with a Help to Buy Equity Loan in England was 158,883, with 81 per cent of candidates purchasing their first home. Part of this is due to the rise in the London buyers' equity loan limit from 20% to 40% of the February 2016 upside.

Mean initial London sales were 448,552 in the 4thquarter of 2017 compared to 444,704 in the 4thquart of 2016. In the case of non-original purchasers, the median acquisition cost was 531,111, compared with 490,421 in the final three months of 2016. All opinions express may be the author's own and do not necessarily represent the opinion of Knight Frank LLP.

Knight Frank LLP 2016. The Knight Frank LLP is a UK based private company with registration number 0C305934. We are based at 55 Baker Street, London, W1U 8AN, where you can see a full listing of members.

Auch interessant

Mehr zum Thema