Help to Buy Mortgage
The government, since 2013, has been offering a scheme to assist homebuyers with the purchase of new build properties. This scheme is set to run until 2020, allowing homebuyers to purchase new build properties with as little as a 5% deposit whilst another 20% (40% in London) is supplied by the government in the form of an equity loan.
This benefits the mortgage lender because they always retain the “first charge” on the property, protecting their investment and because of this the homebuyer often gets the benefits of lower interest rates than they would on a normal 5% deposit scheme.
Initially the number of lenders available for this scheme were limited, but more lenders are now offering products and our mortgage advisers with specialist lending knowledge will help you to find the right mortgage for you. Help to buy mortgages are also available to the following categories of applicants:
- Company Directors
- Sole traders and partnerships
- Adverse credit
Our experienced mortgage advisors in this area and can provide a service which would deal with both your mortgage and the help to buy application process on your behalf.
If you would like to be contacted by a mortgage advisor who is experienced and knowledgeable in this specific area, please use our find a mortgage tool to answer a few short questions.
As a mortgage is secured against your home/property it may be repossessed if you do not keep up the repayments.