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Help to Buy is available on homes up to a maximum value of £600,000. You will need a deposit of at least 5% of the value of your chosen home.
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Use Help to Buy (London) to move to your Cala home
Help to Buy (London) is a scheme aimed at first-time buyers looking to move onto the property ladder in the capital.
So long as you can raise a 5% deposit, the Government will provide an equity loan of up to 40% of the property value – that's double the 20% offered under Help to Buy in England and is designed to reflect higher property prices in the capital.
Help to Buy (London) is available to first-time-buyers on new-builds worth up to £600,000. The scheme is scheduled to close in March 2023.
Currently, Help to Buy (London) is available at Langley Court in Beckenham.
Equity Loan Assistance from the Government
How does Help to Buy work?
With the help of London 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 40% 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.
Help to Buy (London) calculator
Use the calculator below to find out how you could move into your Cala home with London.
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.
