You can now purchase a brand new Galliard Home with a deposit as small as 5%. For only £17,000 down you could be moving into a brand new one bedroom waterfront apartment in the Royal Borough of Greenwich*.
“Help to Buy” is a new government-backed initiative targeted to offer help to first time buyers and those looking to move up the property ladder, a scheme where you can now purchase a property with a 5% deposit.
You put down the 5% deposit and the government then provides you with an additional 20% by way of a “Help to Buy Equity Loan”. A “Help to Buy Equity Loan” loan is interest-free for the first 5 years after which interest is charged at 1.75% pa, increasing each year by RPI (Retail Price Index) + 1%.
The balance of 75% is made up by way of a bank or building society mortgage. The maximum purchase price of your new Galliard Home is £600,000.
When you sell your home (unless you have chosen to repay your “Help to Buy Equity Loan” earlier), you must repay the 20% from the sale proceeds.
“Help to Buy” is open to all buyers seeking a new build home.
To qualify for the “Help to Buy” you must be able to fund up to 80% of the purchase price through a conventional repayment mortgage, interest-only mortgages are not permitted.
The property must be your only residence, “Help to Buy” is not available to Buy-to-Let investors or those who will own another property in the future. You may not rent out your existing property and purchase a second home through “Help to Buy”.
Currently we have three outstanding developments, with more coming soon, where you can purchase your new Galliard Home.
Please visit the developments listed below to view the properties available for “Help to Buy” right now.
*subject to availability, terms and conditions apply.
Commanding a dramatic riverside location, New Capital Quay offers a superb selection of 1, 2 & 3 bed apartments, many with panoramic river views over the City. Combining brilliant architecture with high spec interiors, these exclusive apartments are a choice opportunity for investors & occupiers.
Retaining original Victorian architectural features, contrasted with supremely smart & contemporary interiors, The Tool Works presents a dynamic fusion of one- to four-bed refurbished homes set within a gated mews development. A perfect London live-in residence or property investment opportunity.
Introducing six BRAND NEW & exclusive two bed apartments within our previously sold out regeneration scheme in the Royal Borough of Greenwich. Featuring striking tiered levels & three extensive roof terraces, each apartment within this impressive development displays highly refined living space.