Help to Buy is a Government scheme which aims to help people get on the property ladder. The scheme has two parts; Shared Ownership and Equity Loan.
Shared Ownership enables you to buy shares in a property and you then pay rent on the remaining portion. You are able, when you are ready, to buy additional shares until you fully own your home.
Equity Loan - With Help to Buy new homes, the Government will lend up to 20% towards the cost of purchasing your new home, this means you only need a 5% deposit and a 75% mortgage. If you are looking to buy a property in London, the percentage the Government will lend you increases to 40%. However, the property must cost no more than £600,000.
Our expert Mortgage Advisers are here to answer any questions you may have about your eligibility for the Help to Buy scheme. We are happy to meet with you at a time and place to suit you. Call us 01473 216950 or email firstname.lastname@example.org.
Information correct as of April 2017 - Source: https://www.helptobuy.gov.uk/