London Help to Buy Scheme

Help to Buy is backed by the Homes and Communities Agency (HCA), which is working with selected developers like ourselves to make it easier for you to buy a new home. If you are looking to buy a home in London, then the new Help to Buy London Equity Loan is here to help.  It requires a 5% deposit and is available to first-time buyers and existing homeowners.

If you have not heard of this scheme before, it’s salient features are:

• Available on new-build homes up to the value of £600,000 in England

• You need to have a minimum deposit of 5% of the property value for your new home

• In London the government will lend you up to 40% of the property value through an equity loan, and you’ll need to secure a mortgage of up to 55% value of the selected property from a recognised bank or building society.

• You won’t be charged any loan fees for the first five years of owning your home

• There is a range of competitive mortgage rates available with this scheme, so you can find something to suit your budget

The process starts by selecting a desired property and securing a reservation of the property from a recognised help to buy provider. FPP Developers is one of the HCA Approved providers.

We have completed a number of projects and they have all been sold out. Our next project is in Morden Surrey, the floor plans are attached herewith.