Have you heard? The Government have recently changed the Help to Buy: Equity Loan scheme. Available at Saxon Reach on homes worth up to £437,600 for first time buyers only.

Move into your perfect L&Q home

With just a 5% deposit through the Help to Buy: Equity Loan scheme

Saxon Reach is a vibrant new community in Milton Keynes. With homes selling fast, we currently have a small collection of 3 bedroom homes remaining. With homes now available through the Help to Buy: Equity Loan scheme, you can buy one of our brand new homes with a deposit of just £16,000! A number of our homes at Saxon Reach are ready to move into so book your appointment to view our show homes today!

  • Two homes available through the Help to Buy: Equity Loan scheme
  • Available to first time buyers only
  • Available on homes worth up to £437,600
  • Show homes available to view by appointment only
  • Great transport links
  • Local amenities are close by – everything you need for daily life
  • Close to local schools
  • Surrounded by open green spaces
  • High quality specification included as standard
  • A selection of homes are ready to move into

What is the Help to Buy: Equity Loan?

The Help to Buy: Equity Loan scheme is available to first-time buyers on homes worth up to £437,600 at Saxon Reach. 

With a Help to Buy: Equity Loan the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

How long will the Help to Buy: Equity Loan scheme run for?

The current Help to Buy: Equity Loan scheme will run until March 31st 2023. This new scheme is restricted to first-time buyers only and has regional price caps dependant on where the home you are buying is located.

What are the regional price caps?

These regional price caps have now come into effect. Saxon Reach is located in the South East and the regional price cap will be £437,600. This means that if a home is over this value and you are not a first time buyer, you will unfortunately be unable to purchase through the Help to Buy Equity Loan scheme.

• North East – £186,100
• North West – £224,400
• Yorkshire and the Humber – £228,100
• East Midlands – £261,900
• West Midlands – £255,600
• East of England – £407,400
• London – £600,000
• South East – £437,600
• South West – £349,000

Source; HM Treasury

Discover available homes at Saxon Reach through Help to Buy