FIND A Cala HOME
Help to Buy is available on homes up to a maximum value that differs region to region. You will need a deposit of at least 5% of the value of your chosen home.
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Use Help to Buy (England) to Move to your Cala Home
Open for applications until March 2023.
Help to Buy is an equity loan from the Government, enabling first time buyers to obtain a mortgage of between 75% and 85% with as low as a 5% deposit. Interest free for the first five years, you can repay the loan at any time without penalty, or when you sell your home.
Help to Buy is available to first time buyers on new-builds worth up to a maximum price that differs region to region.
Equity Loan Assistance from the Government
How does Help to Buy Work?
With the help of Home England's Help to Buy Equity Loan Assistance Scheme, you could soon be able to own your dream Cala home.
FIND OUT IF YOU'RE ELIGIBLE
We can put you in touch with an independent mortgage advisor to help you find out if you qualify and help you apply.
RECEIVE EQUITY LOAN ASSISTANCE
You could receive up to 20% of the purchase price. You will need to fund the rest of the purchase price with a mortgage.
OWN 100% OF YOUR HOME
The equity loan is interest free and can be repaid at any time. On sale of your home, you will need to pay back the percentage of equity still outstanding.
Regional Help to Buy Price Calculators
How much could you benefit from Help to Buy (England)?
SOUTH EAST
Available on homes up to a maximum price of £437,600.
EAST OF ENGLAND
Available on homes up to a maximum value of £407,400.
WEST MIDLANDS
Available on homes up to a maximum value of £255,600.
Terms & Conditions
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Security over your home is required.
Availability of other incentives/offers subject to lender's criteria and Cala’s discretion.
For the first five years there is no interest charged on the equity loan component. At the start of year six a fee of 1.75% is payable on the equity loan, which rises annually by RPI inflation plus 1%. The equity loan is provided by the Homes and Communities Agency and held as a second charge.
Your mortgage lender’s deposit requirements may vary, but you should usually expect to contribute a deposit of at least 5% of the purchase price.
Available on selected properties, and subject to the Government’s specific terms, conditions and qualifying criteria.
CHECK THAT THIS MORTGAGE WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT SEEK INDEPENDENT ADVICE.
