There is a mass of assistance for first time buyers and home movers from both Government schemes (Help to Buy) and lender schemes like family assistance mortgages and guarantor mortgages alike.
The key to any Help to Buy products are the understanding of them, knowing what choices are available to you and making an informed decision. After all knowledge is power
At Finance South West we have provided a number of videos to assist you with this process.
This combined with the knowledge of our mortgage advisers will allow you to make the best decision for you and your family going forward.
If saving for a large deposit is proving to be a tiresome journey, and sometimes, may even seem impossible then talk to our advisers about mortgage guarantee options, family assistance and of course Help to Buy.
Available throughout the UK, the Help to Buy equity loan scheme allows you to take out an equity loan of up to 20% of the property value from the government. This, combined with your 5% deposit, means that you’ll only need a 75% mortgage on your home.
There are slight differences in how the scheme works in Scotland and England, and a couple of variants of the scheme as well. Your mortgage advisor will be more than happy to go over the finer points of these to make sure you’re comfortable with your options.
This is one of the largest purchases you will ever make, does it not make sense to make sure it’s an informed and the right decision? – talk to a mortgage adviser today