Help to Buy Scheme – Backed by HM Government
Getting on the housing ladder
Iain and Sharon realise that it can be really tough to get on the housing ladder these days. Properties are expensive and mortgages can be difficult to get, especially if you only have a small deposit. It can be very frustrating when you are probably paying more in monthly rent than you would pay in any mortgage repayments. Or are you fed up with still having to live with family when you feel you could afford your own place. Well, help might be at hand with a government backed scheme called “Help to Buy.”
Help to Buy Scheme
This is a government scheme which could make getting on to, or moving up, the housing ladder more accessible. It helps existing home owners and first time buyers purchase a home with as little as 5% deposit.
The downloadable guide below provides further information on the two ways to purchase a property with this scheme:
1. Mortgage Guarantee
The guide explains how the scheme works and you can also see if you would be eligible with the quick checklist provided.
2. Equity Loan
Available on new build properties only, download the guide to get a basic understanding of how the equity loan operates and if it would be suitable for you.
Think you need more help?
You can also visit the governments dedicated site for more in depth information on:
- Help to buy ISA for first time buyers
- Shared ownership
- Other government backed schemes
- Useful contacts for advice
- Success stories
HomeXperts Purbeck and Poole is here to help too
Iain and Sharon can also put you in touch with their recommended mortgage advisers who will be more than happy to help you find the right mortgage to suit your personal needs and cirumstances.