Help to Buy Schemes

Loan

Help to Buy: Equity Loan

In April 2013, the Government rolled out the first phase of a new Help to Buy scheme, which offers equity loans to first time buyers (as well as existing homeowners) by providing borrowers with a loan for 20% of the property value.

This scheme applies to new build properties only, and with the purchaser being required to put down as little as 5% as a deposit, a mortgage of only 75% would be needed from a lender.

This scheme is currently available in England only until 2020. Different variations to the Help to Buy scheme apply in Wales and Scotland.

Shared

Help to Buy: Shared Ownership

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.

With Help to Buy: Shared Ownership you can buy a newly built home or an existing one through resale programmes from housing associations.

You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings. Shared Ownership properties are always leasehold.

PLEASE NOTE

"Your home may be repossessed if you do not keep up repayments on your mortgage"

Jargon Free Services for all your Mortgage & Insurance Cover Needs

With thousands of different mortgage and insurance products available in the UK, it is hardly surprising that finding the one to suit your particular needs can be a challenge.

We offer a friendly, jargon free service for all mortgage and insurance needs, for residential, commercial and buy to let, together with a full range of ancillary services, such as will writing and pension advice, we have a one-stop shop for all your requirements.

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Useful Links

Use the links below if you would like to interact with us either by getting in touch with us or by making use of our tools to obtain a quotation for a mortgage, insurance or get a free credit report from our UK partners.

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You are invited to get in touch with us directly, either via telephone on (01487) 830 875, mobile on 07958 504308 or via the provided contact form on our contact page, if you would like to discuss your specific requirements in further detail.

Credit Report

CheckMyFile is the only credit report provider we would recommend to our clients. They are the only credit agency in the UK to provide your score/report combined with Experian, Equifax & CallCredit.

Your credit report is vital in order for you to determine eligibility for a mortgage.

The recorded payment history of your accounts is far more important than a credit score - with lenders now using multiple credit agencies to assess their applications.

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