Equity Loans

If you are buying a new build property the government will lend you up to 20%* of the purchase value of the property. There are no fees paid on the 20% for the first 5 years of the equity loan and you only need a 5% deposit with a 75% loan to value mortgage.

*Please note that if you live in London the equity loan is higher at 40% of the property value.

Key points on Equity Loans

  • Equity loans are available for new build properties only;
  • They are available for first time and non-first time buyers;
  • When a property is sold, the relevant share of the loan is paid back to the government; and
  • Hunt & Coombs will treat the loan similarly to how we treat a mortgage and will repay the loan with your proceeds of sale.

Request a quote

For further help and advice on the above or to request a quote please contact your local Conveyancing Team on:

  • Peterborough  01733 882800
  • Huntingdon     01480 411224
  • Oundle            01832 273506
  • St Neots          01480 702207

Or email the Residential Conveyancing Team directly at: conveyancing@hcsolicitors.co.uk.

Find out more about our property services