Now is the ideal time to take your first step on the property ladder with the Help to Buy. From 1st April 2021 the government backed schemewill only be available to First Time Buyers, and will help to those who may be struggling to save a deposit larger than 5%, but who could otherwise be expected to sustain a mortgage, secure their brand new Pennyfarthing home.
For those looking to purchase a new home in the New Forest or surrounding areas, the maximum property price for the South East is £437,600, while the maximum property price for the South West is £349,000.
Under the terms and conditions you will not be permitted to sublet your home, enter a part exchange deal on your former house and you cannot own any further property at the time of purchase using the Equity Loan ‘Here to Help You’ scheme.
This scheme is available in England only.
Clear and concise government issued information is available at www.helptobuy.org.uk