Help To Buy Mortgage Advice

Help To Buy Mortgage Advice Harrogate

What is the help to buy equity loan?

The government introduced the help to buy equity loan scheme to make it easier for people with 5% deposits to purchase their first property, or for current homeowners to move house.

The help to buy scheme is only available on new build properties, so if you were considering purchasing a new build property then this could be a good way to reduce the deposit you need to save.
The government will lend you up to 20% of the property’s value. You will be required to contribute a deposit of at least 5% and then get a mortgage to cover at least 75% of the property’s value

To speak to a local Mortgage Advisor about the Help to Buy Scheme and discuss whether this is the right option for you, please don’t hesitate to contact us.

 

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