The Governments Help To Buy Schemes - Helping You Buy Your New Home.

Buying your own home is probably one of the largest financial commitments you will ever make. The good news is that the Government has stepped up to help buyers with their Help to Buy Schemes. You can read all the details, with clear explanations, on the Government’s website helptobuy.gov.uk. You will need to see an Independent Mortgage Advisor who can give you full details and tell you if you are eligible for the scheme you are interested in.

The government has created the Help to Buy schemes, they are:

Help To Buy - backed by HM Government

The Help To Buy Equity Loan:

The Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. Subject to you being a first time buyer and the home you purchase being your sole residence. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.*

Help to Buy: ISA

This scheme pays first-time buyers a government bonus. For example, save £200 a month and the government will add £50, up to a maximum of £3,000, boosting your ISA savings of £12,000 to £15,000.*

*For the full details of the scheme visit The official Government Help to Buy website:

www.helptobuy.gov.uk