We own our dream home, thanks to Help to Buy

Published: June 2018

Katie and Adam Brown, a newly married professional couple from Eastleigh, looked into the Help to Buy Equity Loan scheme after it was recommended to them by friends.

Katie and Adam, a Brand Manager and Operations Manager, were privately renting when they came across a house they liked, and found that it was available through Help to Buy. “We were very impressed and thought this was a great way to own our dream house,” says Katie. “The house was in a great location, the perfect size for us and close to our family.”

After researching the scheme some more, the couple applied for the Help to Buy Equity Loan scheme and were able to place an offer on their house. They are now over the moon to be sat in a home they love. “The process was surprisingly easy and we couldn’t have done it without Help to Buy,” says Katie, “it really gives you that little bit of help you need in a climate that is really hard to buy in at the moment. Help to Buy is a great support.”

With the Help to Buy Equity Loan, the Government lends you up to 20% of the cost of your home, so you’ll only need a 5% deposit and a 75% mortgage to make up the rest. As well as that, you won’t be charged any fees on the loan for the first five years of owning your home. *
Katie and Adam are delighted with their new home and say that choosing Help to Buy is “the best thing they could have done.”
We asked them what their favourite part of their new home is and Katie says “We love all aspects of our house; it’s hard to pick just one thing”, whilst Adam adds, “We love the brick feature on the front of the house, the hallways and stairs are very wide and spacious which makes the house feel really homely.”

“We just want to say a massive thank you to Help to Buy South for helping us get on the property ladder.”

* The equity loan is interest free for the first five (5) years, but in the sixth (6) year of ownership, a fee of 1.75% of the equity loan based on the market value at the time you purchased is payable monthly, rising annually by the increase (if any) in the Retail Price Index (RPI) plus 1%. This is applicable if you have not paid back your equity loan by the end of year five (5). An illustration will be given to you at the time of purchase.