How Help to Buy could get you on the property ladder

Help to Buy:

Everything you need to know

Are you trying to get onto the property ladder? You may be closer to saving a deposit than you think!

It is becoming increasingly difficult for millennials and centennials to get themselves onto the ladder or even for existing property owners to move up the property ladder. Help to Buy is a popular scheme devised by the Government to encourage buyers to purchase a property.

Help to Buy is available with most Fortitudo developments in England up to £600,000. Not only does a monthly mortgage fee cost less per month than renting but the scheme also gives you direction on getting you some of the best mortgage rates at the time and there is no household annual income limit.

Keep reading for the latest initiatives and ideas to help you get on the property ladder in the UK.

Which scheme is best for me?

There are three types

The Government lends up to 20% of the value of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

Buy as little as 25% or as much as 75% of a home and pay rent on the rest.

If you are saving to buy your first home, save money into a Help to Buy: ISA and the Government will boost your savings by 25%. So, for every £200 you save, receive a government bonus of £50. The maximum government bonus you can receive is £3,000.

Help to Buy

Our property developments

“Everyone’s ideas of their dream home are completely different. There is nothing more satisfying than helping people realise their specific dreams and see them come to life.”

Richard Carr

“Designing homes always presents challenges to be overcome. At Fortitudo we take great pride in offering property solutions to a market place where the house prices rise faster than any wage ever could.”

Richard Carr

“It’s not just the proposed land that we inspect, it’s the surrounding area and community within it. Deep research within our key sources unlock future desired locations and consumer trends which we then latch on to. Creating opportunities that people will love, before they’ve even realised that they need it.”

Richard Carr