Help to Buy
There are two types of help to buy, equity loan and mortgage guarantee.
- Help to Buy Equity Loan is where you can borrow up to 20% from the government meaning you provide a 5% deposit and obtain a 75% mortgage.
The Scheme ends in 2021.
- Help to Buy Mortgage Guarantee is useful where you find you are struggling to afford a higher deposit. Under this scheme you can buy a new build property anywhere in the country with a 5% deposit. It works like any mortgage except that under the scheme the government offers lenders the option to purchase a guarantee on the mortgage loan. Due to this, lenders taking part in the scheme will offer more mortgages with higher loan to value ratios of 80% to 95%.
The Scheme ends on 31st December 2016.
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Pauline Baker Personal Assistant
Eileen Blackburn Conveyancing Assistant
Barbara Broome Conveyancing Executive
Hayley Bugler Conveyancing Assistant
Sophie Coe Conveyancing Executive GCILEX
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Paul Dyer Consultant Solicitor
Lorna Guy Conveyancing Assistant
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David Walton Partner, Chartered Legal Executive & Head of Residential Property
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