FOR HELP TO BUY.
The final date for the Help to Buy deadline is 15th of December 2020 so to avoid missing out get your applications in ASAP!
After this date, Help to Buy price caps will reduce from £600,000 to just £224,400 in the North West of England. This means that after the 15th of December, you’ll only be able to apply for Help to Buy on a home up to £224,400.
Your monthly mortgage payments may even be less than renting. As a comparison, renting a 1-bed apartment in a mill conversion in Manchester city centre can be on avg. £950–£1000 per month – whereas a £205,000 Phoenix apartment could be as little as £880 per month* in mortgage payments when using help to buy.
Help to Buy on a £205,000 apartment.
|Estimate monthly payments||£880.98|
*Calculation is for illustration purposes only.
For more information on Help To Buy, get in touch!