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The Help to Buy Equity Loan allows a buyer to purchase a property on a new-build development with assistance from the government in the form of an equity loan. The government loans up to 40% of the property value and the borrower contributes a minimum of 5% deposit.
|If the apartment is priced at||£ 425,000|
|A Help to Buy Equity Loan will provide||£ 170,000|
|You will need to raise a deposit of||£ 21,250|
|And be able to afford a mortgage of||£ 233,750|
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