DOQUALIFY FOR A HELP TO BUY?
The offer is for new build homesonly. The government lends first-time buyers and existing homeowners the moneyto buy a newly-built home. The price of the purchase must beno more than £600,000.
As A specialist mortgage loan broker, we are able to help you with a mortgage London.
This mortgage is a scheme that lets first time buyers and those moving home only if they qualify for the scheme just need to put down 5% of a home’s value for a deposit. The UK government will then join in to boost this amount with an equity loan.
The British Government will lend up to 20% of the cost of your new home.
Most lenders offer these mortgages. The scheme isavailable throughout the UK, the scheme will enable you to take out an equityloan of 15% of the property value from the government. This, along with your 5%deposit, would mean that you’ll only need an 80% mortgage on your home.
Are there Tax relief for a Help-To-Buy Mortgage
There are a few differences inhow the scheme works in Scotland and England, and a couple of variations of thescheme as well. Your Azembel mortgage adviser will be more than happy to goover the points of these to make sure you fully understand your options. Whenit comes to this scheme, we will not only assure that you get the very bestmortgage deal available to you, but we’ll guide you through the wholeapplication, we will deal with the paperwork, and liaise with lenders,builders, and solicitors for you.
The government’s Help to Buy scheme, allowsyou with as little as a 5% deposit and have lower mortgage repayments than youwould be otherwise able to do with a standard mortgage arrangement.
All though there were originally three parts to the scheme:
What is a Help to Buy Mortgage?
Saving for a large deposit can be a difficult journey, and sometimes, may not even be impossible. The government scheme created to help people with little deposits to move home or buy their property.