We support you through the whole Help to Buy Process using hand-selected mortgage brokers, solicitors and surveyors
Help to Buy Mortgage Brokers
Exclusive Help to Buy mortgage products with independent advisors who have access to the whole of the mortgage market - not just one mortgage lender. Book a free Independent Mortgage Broker appointment.
Conveyancing Solicitors
Specialist Help to Buy lawyers able to lead you through the complex process of buying your new build leasehold property. We provide Fixed Fee quotes protected by a No Sale No Fee.
Property Surveyors
We have a network of Local RICS surveyors ready to inspect your property to identify potential snags which can cost thousands of pounds to repair.
you'll need a minimum of a 5% deposit and a Help to Buy mortgage.
NB - The Help to Buy Mortgage Guarantee scheme ended 31 December 2016.
TIP - Get your Help to Buy ISA
If you have not yet done so already you should look to take out a Help to Buy ISA through the Government. You can put in a one off lump sum of £1,000 to start along with your first monthly investment of £200 - remember for each £200 invested the Government contributes £50 towards the purchase of a property.
Click to find out more about the Help to Buy ISA
.
What is Help to Buy?
The Government’s
Help to Buy Equity Loan
initiative in allows eligible people to buy properties with as little as a
5% deposit. The maximum purchase price of any property you buy is
£600,000.
The Government provides you with a loan of up to 20% of the property's purchase price and you have to secure a mortgage for the remaining 75%.
For properties in the London area, the
London Help to Buy
scheme operates. It is broadly the same as the Help to Buy Equity Loan, except the Government provides a loan of up to
40% of the purchase price, to reflect the higher property prices in London, so a mortgage must be secured for the remaining 55% of the purchase price.
Get information about properties available in that you might look to buying under the Equity Loan Scheme by contacting your local Help to Buy agent. Get their contact details by enquiring to the , , telephone .
The current average property price in is and this has increased by compared to last year. As with any property purchase you must budget for if a property goes up in value, as well as down.
Help to Buy Equity Loan repayments, mortgages and selling your home
When you use the Equity Loan to buy a property in , no repayments on the Government loan need to be made for 5 years.
The loan is cheaper to finance than it would be on the open market and you only have to get a mortgage for a maximum of 75% of the property’s value.
That said, the Government has a charge on your property in , worth up to 20% (40% for London Help to Buy), as well as the mortgage lender’s charge. Until the Government loan is repaid, on sale, the Government will be due up to 20% of on any increase in the property value.
If you would like advice more about the Help to Buy schemes, call .
Do you need Help to Buy Solicitors?
We tailor our Help to Buy conveyancing quotes to your specific transaction and include all of the work required to complete your conveyancing in our fixed fee. Our conveyancing solicitors help home movers throughout and the surrounding areas and ensure the quotes we provide are fixed and competitive.
Call to get a fixed fee Help to Buy conveyancing quote tailored to your property.