Help to Buy

Buying a property can be the biggest decision made in our lives. It is for this very reason that it is critical to obtain expert advice from qualified advisers.

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The Government has created the Help to Buy scheme to help hard-working people like you take steps to buy your own home. Whether you want to get onto the housing ladder or move up it, Help to Buy makes it possible to buy a new home with as little as a 5% deposit. We are approved on the Government's Help to Buy panel of recommended advisors and have been selected because of our high levels of service as shown from our customer feedback; and the experience we have in affordable housing schemes. We will help you make the choices that will give you a great start to life as a home owner.

What schemes are available?

  1. Help to Buy equity loan: the Government lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
  2. Shared ownership schemes (part buy/part rent) are provided through housing associations. You buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. You can buy bigger shares at a later stage when you can afford to. With shared ownership you can buy a newly built home or an existing one through resale programmes from housing associations. You’ll probably need to take out a mortgage to pay for your share of the home’s purchase price, and that's where we can help.
  3. Right to buy: if you are a council tenant with a least five years’ tenancy you might be eligible to buy your home at a significant discount. Some housing association tenants may also be eligible. To check your eligibility you must first contact your local council.

Contact us today for further details and to see which schemes you may be eligible for.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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