One of the many struggles for first time buyers, those looking for a larger property or a home in a more expensive area is saving up the hefty deposit required. Most banks, building societies and other lenders require at least a 10% deposit, even more if possible, in order access competitive rates. However with the use of the Help to Buy Equity Scheme home buyers are only required to save a more manageable 5% deposit. Then when it comes to mortgaging the property only requiring a 75% mortgage will give you a much improved choice of lenders and rates.
The best place to find out more about the Help to Buy schemes, whether you are eligible and how it all works is a Help to Buy show. This spring, the following Help to Buy Shows are taking place in the local area:
Saturday 8th April 10am - 4pm
Saturday 22nd April 10am -3pm
You'll find the Mortgage Hut at both the shows above with plenty of advice about mortgaging a property bought through any of the Help to Buy schemes. We can give you an idea of how much you could borrow, what kind of repayments you would expect and answer any questions you may have. So why not pop by and say hello!
The Help to Buy Shows are free events - follow the links above to download tickets.