Help To Buy Mortgages

Your home may be repossessed if you do not keep up repayments on your mortgage.

We understand how hard it can be to get onto the property ladder. The Help to Buy scheme has helped thousands of people move into a home they can own themselves. At one roof financial, we have helped lots of local people with Help to Buy mortgages too.

 

How does it work?

 

There are two very different Help to Buy schemes. One is for new houses only and the other is available on any mortgage worthy property in the UK regardless of age.

 

The scheme for new houses only is called Help to Buy: Equity Loan. Under this scheme, the Government could lend you up to 20% of the cost of your new home, so all you will need is a 5% deposit and then a 75% Help to Buy mortgage.

 

The scheme for any mortgage worthy property in the UK, regardless of age, is called Help to Buy: Mortgage Guarantee. Under this scheme, all you will need is a 5% deposit and then you apply for a 95% Help to Buy mortgage.

 

 

If you are interested in finding out more about Help to Buy mortgages, please contact us to book an initial, no cost appointment.

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