There are two methods available to choose from, both are described below. The Government Help To Buy scheme provides you with an interest-free loan for five years equivalent to up to 20% (or 40% in London) of the purchase price. This page provides information about Help to Buy in Wales. Your total household income Mortgage length Interest rate Property value £180,000. If you have already opened a Help to Buy ISA (or did so before 30 November 2019), you will be able to continue saving into your account until November 2029. Use our buy back calculator to estimate the cost of buying back your time. There will be no more extensions, so please ask your homebuilder and conveyancer to make sure they allow enough time for your legal completion. You then need to secure a 75% mortgage. We are currently working within our service level agreements across all areas. If you are saving to buy your first home, save money into a Help to Buy: ISA and the Government will boost your savings by 25%. Help to Buy completion is extended. Start by determining which entry method to use, either "Basic" or "Advanced", and enter the information required to … There are some eligibility factors to consider however, so with just a few details we can calculate how much you can afford. Homebuilders and homebuyers now have until 31st May to build and buy Help to Buy homes. Help to Buy – Wales is currently available on Barratt homes up to the value of £300,000. Max £180k based on income. Help to Buy could make buying your own home more affordable, helping you buy a brand-new home sooner than you think. So, for every £200 you save, receive a government bonus of £50. Further information about the equity loan and the repayments required. As a result, it is taking us longer than we would expect to process some documents. South East £437,600 South West £349,000 ... Use our Help to Buy calculator. How much will I pay? Use the calculator below to get a good idea of what numbers to expect should you decide to apply for Help to Buy. The calculator is intended to show you an estimate of how much you may pay and the amount of financial help you may be eligible for if you buy coverage through the Health Insurance Marketplace. Zillow's Debt-to-Income calculator will help you decide your eligibility to buy a house. Use this Help To Buy repayment calculator to estimate the real cost of your purchase and what your possible options are when the 5 year Help To Buy interest-free period ends. Help to Buy Agent for the South Update. The scheme works slightly differently in London and the rest of England. The Government lends you up to 20% of the value of the property. Please click here for our current approximate timescales. Min £50k. You also need to be registered if you wish to add favourite properties. We will estimate the value of your home, the remaining balance of your mortgage, the interest payments, fees and the settlement figure for your Help To Buy loan. The equity loan is interest-free for 5 years, making your ideal home more affordable. Find out what you can afford to buy using Help To Buy. We are receiving a high volume of Help to Buy: Equity Loan applications, following the easing of COVID-19 lockdown measures. Login / Register. Calculate now. Please note that you must complete a full application and be assessed as eligible by Help to Buy Agent for the South before you can proceed with the purchase of a Shared Ownership home or rental of a property. Help to Buy calculator. You only need a 5% deposit. Help to Buy Buyers Guide. Use our Help to Buy mortgage calculator to work out your repayment amounts. From 1st April 2021 a new price cap of £250,000 will be introduced, restricting the value of the home you can buy.