Help to Buy
Helping you take that first step on the property ladder
Many buyers struggle to find the initial deposit to put towards a house purchase. The government has introduced the Help to Buy scheme to ease this burden and could get those first set of keys to you quicker than you thought.
The Help to Buy: Equity Loan makes it possible to buy a home with just a 5% deposit. 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.
Equity loans are available to first time buyers as well as homeowners looking to move. The home you want to buy must be newly built with a price tag of up to £600,000.
If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.
If you think this could be an option for you, email or call us on 01726 829871x to discuss in more detail