Help To Buy
Help to Buy is a government scheme that means you could move home with a deposit as low as 5%. Whether you're taking your first step onto the property ladder or moving up it, Help to Buy makes it possible to buy a home priced up to £600k.
Help to Buy Equity Loan
Help to Buy Equity loans allow you to purchase a new build property with a minimum of just a 5% deposit. You can then borrow up to 20% of the property value from the government as an interest free loan.This leaves you being able to raise a 75% mortgage to cover the remaining cost of the home.
Loan payments are interest-free for the first five years, and then charged at a rate of 1.75% per year. The equity loan scheme is eligible for the purchase of any new build properties in England worth up to £600,000.
Help to Buy Mortgage Guarantee
Help to Buy Mortgage Guarantee allows the purchase of any new build or existing home. With a minimum of just a 5% deposit you’ll need to secure a mortgage for your purchase. The government guarantee will encourage lenders to offer better access to low-deposit mortgages. The mortgage guarantee is available to existing homeowners as well as first time buyers for the purchase of up to £600,000.
First Time House Buyer?
Looking for the most suitable deal on your first time buyer mortgage -contact us.