Ways to buy – EcoWorld London™ Message

Ways to buy

 

Helping you find your way home

Finding your perfect home is a great feeling. There are a number of schemes available to make your dream home more of a reality.

Help to Buy

Help to Buy is a government-backed scheme that can help you enjoy a Be lifestyle with as little as a 5% deposit. Even better it’s available to everyone. Whether you are looking for your first place or looking to move up the property ladder.

How it works

  • You need at least 5% of the property price as a deposit
  • The government provides a loan for up to 20%* of the property price
  • You raise a mortgage of 75% to cover the balance
  • The loan is interest free for the first five years
  • You don’t have to repay the loan until you sell
  • And best of all, you own 100% of your home

*London Help to Buy, introduced in February 2016, raises the equity loan from 20% to 40% for new homes in London boroughs.


How it works

  • Pay a £2,000 reservation fee to secure your new home for four weeks
  • We arrange three independent valuations of your existing home and propose a realistic selling price, based on a sale within 28 days
  • If you do not wish to accept the offer, we refund your reservation fee in full
  • If you decide to proceed, our nominated agent markets your property
  • After four weeks, we review the situation and extend your reservation period, if appropriate
  • When your home is under offer, we issue contracts and the legal process begins
  • Contracts must be exchanged within 28 days after contracts are issued


Benefits

  • EcoWorld London pays the estate agent fees, saving you money
  • We liaise with the agent and keep you informed, saving you time and stress
  • You have the peace of mind that your new home is reserved, while your existing property is on the market