Hungate Help to Buy Event – 27th & 28th October

Find out how to purchase your new home at Hungate with just a 5% deposit.

Join us on Saturday 27th & Sunday 28th October 2018 to find out more about the Government’s Help to Buy Equity Loan scheme.

The scheme is available to both first time buyers and existing homeowners.

Our team will be available to take you around our Show Apartment and will be joined by Mortgage Brokers and Solicitors, who will be able to answer your Help to Buy queries.

Location: Hungate Sales & Marketing Suite, The Stonebow, York, YO1 7NZ.

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A member of our Sales Team will get back to you shortly.

About Help to Buy

The Government-funded Help to Buy Equity Loan scheme has been extended to 2021, so you could purchase your new home at Hungate with just a £9,800 deposit*.

Key features of the Help to Buy scheme include:

  • A deposit of 5%
  • An equity loan of up to 20% of the purchase price from the Government
  • You only need to secure a mortgage of 75%
  • The equity loan is interest free for the first 5 years
  • Available on new build homes up to £600,000
  • The scheme is open to everyone, whether you’re a first-time buyer or a homeowner looking to move or up-size

Some restrictions apply to Help to Buy:

  • The property you are purchasing must be your only residence
  • The scheme is only available for owner-occupiers, so you won’t be able to rent out the property
  • You will not be able to own other properties after completion

For more information on the Government’s Help to Buy scheme, visit http://www.helptobuy.gov.uk

About Hungate

Hungate is a riverside scheme within the historic city walls of York. Just a short walk from the city centre and its many shops, restaurants and transport links, the site offers new homes, ranging from one-bedroom to three-bedroom properties. There are currently 19 units available under the Help to Buy scheme, all benefiting from sustainable building practices. Features include solar panels and underfloor heating, meaning buyers not only benefit from a more affordable way to buy a home but cost-effective energy bills too.

Visit Hungate to find out more about the development. 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Available on new build homes up to £600,000 subject to the Government ‘Help to Buy’ terms and conditions and only available to customers where a primary mortgage is secured. Not available on second, additional homes, buy-to-let or let-to-buy properties. HomeBuy agent eligibility check required. The equity loan is interest free for the first five years and needs to be a minimum of 10% of the purchase price. Hungate, York qualifies for Help to Buy England which offers an equity loan of up to 20%. After five years, an annual fee of 1.75% of the outstanding equity loan is charged. This is increased annually by RPI plus 1%. Subject to status, terms and conditions apply. Digital illustration is indicative only Prices & availability correct at the time of print. *£9,800 is based on current availability, purchasing an apartment at £196,000 with a 5% deposit. Prices and availability are subject to change.