Homeownership Westminster

First Steps FirstBuy

FirstBuy is a government supported equity loan product which gives you the opportunity to buy a new home with the assistance of a loan for up to 20% of the full purchase price of the property. The remaining purchase price of at least 80% will need to be funded by a mortgage (including the deposit). The equity loan will be co-funded equally by the government and the developer.

The FirstBuy equity loan has no interest applied for the first five years, with an interest charge payable from year six onwards. The equity loan will be placed as a second charge after the mortgage loan. FirstBuy is available from summer 2011 at developments across London from a range of developers building homes in the capital. More details to follow.

Arrange a face-to-face meeting to find out more and see how we can assist with your housing aspirations!