Corben Mews, Battersea
Reasons to choose Corben Mews
 | Spectacular views of the London skyline Look out of your penthouse window and see the iconic London skyline each morning. | |
 | Open plan living Luxuriate in the space these apartments give you with open plan living. All finished to a high standard and with state of the art appliances. |
 | Floor to ceiling windows Floor to ceiling bi-folding doors make it easy to admire the view of London from your winter garden. | |
 | Destination living Excellent location and regeneration make this area the place to be in London. |
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Development tour
Help to Buy Equity Loan
Help to Buy: Equity Loan (2021-2023)
Help to Buy London is a government scheme designed to help first time buyers who have never owned a property/land before to advance up the property ladder in London.
The property you buy must:
- be a new build
- have a purchase price of up to £600,000, subject to regional price caps
- be the only one you own
- not be sub-let or rented out after you buy it
How does it work?
Help to Buy is an equity loan from the government up to 40% of the value of a property, provided you have a deposit of 5% you will only need a mortgage of 55% of your new home.
What properties can I buy with Help to Buy London?
New build properties within the 32 boroughs of London up to the value of £600,000 are eligible for the Help to Buy London scheme.
When getting a mortgage you will be able to borrow up to a maximum of 4.5 times your salary.
Detailed information can be found on the Government website www.helptobuy.gov.uk
Help to Buy London equity loan example
| For a property worth £400,000 | Amount | Percentage |
|---|---|---|
| Cash deposit | £20,000 | 5% |
| Equity loan | £160,000 | 40% |
| Your mortgage | £220,000 | 55% |
How do I pay back the Help to Buy London equity loan?
You must pay back the loan after 25 years or when you sell your home - whichever comes first.
You will not be charged any interest on the 40% loan for the first five years of owning your home.
However a management fee of £1 a month will be applicable from the date of purchase for the duration of the equity loan.
From year six, a fee of 1.75% is payable on the equity loan, which rises annually by CPI (Consumer Price Index) inflation plus 2%.
For full information about the scheme, please visit helptobuy.gov.uk
Help to Buy calculator
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