Help to buy mortgages
The Help to Buy scheme is a great way to help buy your new home! Our expert mortgage advisors are well-placed to help you qualify for the best possible mortgage deal through the various Help To Buy schemes.
What is Help To Buy?
Help to buy is the scheme created by the UK government designed to help hard-working people like you to get on the property ladder. The schemes include Help to Buy: Shared Ownership and Help to Buy: Equity Loan.
Shared ownership allows you to buy shares of between 25% and 75% of a new or existing Help-To-Buy property. The remaining percentage is then rented by you. However, you can buy additional shares as and when you can afford to until you eventually own your home in its entirety.
Equity loan: With Help to buy new build homes, the government lends you up to 20% towards the purchase cost. This means that you only need to put down a deposit of 5%. You can then apply for a mortgage for the remaining 75% to buy your new home.
London Help To Buy. If you are looking to buy a property in the wider London area, you can put down as little as a 5% deposit on a newly built home and can get a Government equity loan for up to 40% of the purchase price.
Help To Buy ISA
The Help to Buy ISA pays first-time buyers a government bonus. For example, save £200 a month and they will add £50, up to a maximum of £3,000, boosting your ISA savings of £12,000 to £15,000.
If you are interested in the help to buy mortgage scheme or want to see if you qualify, speak to the Dan The Mortgage Man team. They are experts in being able to find the right mortgage for you. What’s more, their advice is free and with no obligation.
Contact Dan The Mortgage Man
Wirral Office: 0151 601 4234
Essex Office: 01245 806 555
Mobile: 07837 820 894
Information correct as of October 2019 – Source: https://www.helptobuy.gov.uk/