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A HELPING HAND

HELP TO BUY

At our new developments you could be eligible to buy your dream home with just a 5% deposit using the Help to Buy scheme.  Whether you’re a first time buyer or an existing home owner wanting to move, Help to Buy will get you moving.  Help to Buy means you can buy a unique Mulberry home with a deposit as low as 5% on homes up to £600,000.  There are various features to Help to Buy including an equity loan and the Help to Buy ISA.

ALL YOU NEED IS A 5% DEPOSIT

Saving for a deposit can be one of the biggest hurdles for people looking to buy a new home. Help to Buy allows you to purchase a new home with a 5% deposit and you’ll also get an equity loan from the government to help reduce the mortgage you need.

HOW DOES HELP TO BUY WORK

The government will give you an equity loan of up to 20% of the property’s listed value. You will need to save a 5% deposit and secure a 75% mortgage from a participating lender. By using this scheme, you could find that getting a mortgage is both easier and cheaper. Additionally, you won’t be charged loan fees for the first five years of owning your home.  Click here to visit the official Government Help to Buy website.

GETTING THE BEST ADVICE

Anyone using Help to Buy to purchase a Mulberry home is entitled to free advice from our recommended independent mortgage advisors. They’ll even help you complete the Help to Buy application and use their expertise to help find the mortgage that suits you best.

THE HELP TO BUY ISA – SAVE EVEN MORE

The Help to Buy ISA is designed at boosting your home-buying savings. To give you a helping hand when saving for a deposit, the government will boost your savings by 25%. You will need to set up a Help to Buy ISA with one of the participating banks or building societies. Each month you can save up to £200 in the ISA and receive a 25% bonus from the government. The maximum bonus you can receive each month is £50 and the maximum bonus you can receive in total is £3,000. Please be aware that Help to Buy is only available on selected plots and each initiative has its own terms and conditions that purchasers will need to be aware of.