Pay only 5% deposit on a Novella
apartment with Help to Buy

The Government’s Help to Buy Equity Loan could make buying your first home more affordable, offering an excellent opportunity to get on the property ladder sooner than you may think!

What is help to buy?

Available exclusively to first-time buyers, the Help to Buy scheme allows you to pay only 5% deposit of the full purchase price of your new-build home.

The Government will then lend you up to 20% of the property value in the form of an equity loan. You will not be charged any interest for the first five years of your Help to Buy home ownership and the loan will be repayable after 25 years or on the sale of the property if earlier.

For the remaining 75% of your home’s value, you will need
to secure a mortgage from a commercial lender.

In North West England, the maximum property purchase price for Help to Buy is £224,400.

Where do we come in?

Like anything, buying a home can feel like a complicated process, so it is our mission to make your journey into your new home as simple and enjoyable as possible.

To find out more about which homes qualify for Help to Buy at Novella or for any advice on the scheme, get in touch with our friendly sales team today. You can also book in-person or virtual viewings of our show suite by requesting this in the form below.

*Subject to availability, eligibility and meeting government restrictions

Novella Salford (Registered in England 2717800) a wholly owned subsidiary of Morgan Sindall Group plc of Kent House, 14-17 Market Place, London W1W 8AJ.

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