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Help to Buy mortgages

We understand the difficulty nowadays of trying to build up the deposits required to get that property you desperately want. From frozen salaries, higher property prices and the increased cost of living, it isn’t easy to build up the funds you might need to get yourself on the property ladder.

Now what if we told you, you only need a 5% deposit! Contrary to popular belief the government want you to be able to buy property and we’re here to find the right mortgage in order for you to do this.

Small deposit mortgages as well as other systems such as the Help-to-Buy schemes are here to make life that little bit easier to when it comes to purchasing property.

Frequently Asked Questions

Available to both first-time buyers and existing homeowners, the Help to Buy scheme offers an equity loan where the government lends money to buy a newly-built home. The purchase price must be no more than £600,000 and as long as you have at least a 5% deposit you can borrow 20% of the purchase price interest-free for the first five years.

Identifying and choosing your potential Help to Buy property is your first step… visit applicable new-build schemes and complete a reservation form which is needed alongside your application. A Help to Buy Property Information Form is also available and to be completed from the developer or online. We can then finalise your application after guiding you to the most appropriate lender that fits your circumstances and lifestyle.

A gifted deposit can be used alongside an applicant’s own savings or as the sole deposit to complete a Help to Buy scheme application. Much the same as a regular mortgage applications, gifted deposits are a great way of applying for a mortgage if you haven’t got a 5% deposit or are looking for an improved interest rate by initially paying a larger down payment.

Get in touch! Write us an email, give us a call, or fill in one of our forms and we will get back in contact at a time convenient for you.

Rates from 1.44% per year correct as of today’s date based on a 25% deposit (5% purchaser, 20% Government deposit contributions (75% LTV)), and are subject to change based on personal circumstances (e.g. credit score, length of product term, deposit amount). Product and broker fees may apply

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