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Help To Buy Mortgages
There are currently a number of different Help to Buy schemes on offer, each tailored for specific circumstances. We’re here as an open and honest broker if you need help making your decision; just let us know which policy would be best suited in light with what’s going through that particular phase!
Providing Quality Help To Buy Advice
Which Is Tailored To You
Many First Time Buyers wanting to get onto the property ladder have benefitted from the Help to Buy Equity Loan Scheme. This used to be available to homeowners looking to move home, however, as of 2021, this is no longer an option.
Check out the facts below to find out how the Help to Buy Scheme works:
- A deposit of 5% minimum is required
- A maximum of 20% of the property’s value will act as an equity loan from the Government
- The balance left over will be covered by a mortgage
How do you qualify for the
Help to Buy Scheme?
Our tailored service can help you determine whether or not you qualify for the scheme. Help to Buy Equity Loans apply to new-build properties up to a maximum value, this is dependent on where you are located in England.
Help to Buy Shared Ownership
You can buy a share in a property through the Help to Buy Shared Ownership Scheme. The percentage can vary between 25% and 75%. Depending on circumstances, you may the choice to purchase as little as 10%. The remaining percentage will be covered through you paying the rent.
Here at Woods & Wallace, we can provide open and honest Help to Buy mortgage advice across all schemes. If you are looking to find out more information regarding the Help to Buy Schemes available to you as well as the most common Help to Buy mortgage scenarios look at the information below.
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