New Government Backed Mortgage Guarantee Is Now Launched 2

What is a Help to Buy Mortgage guarantee?

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Help to Buy mortgage guarantee will help you buy a home with a deposit of only 5% of the purchase price. This scheme is now available as from Tuesday 8th October 2013.
Do I qualify?

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You do not have to be a first-time buyer and there is no limit on your level of income. Help to Buy mortgage guarantees will be open to both first-time buyers and home movers. However, you won’t be able to get a Help to Buy mortgage guarantee if you are planning on renting out the property.

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The property can be newly built or already existing.

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How does the guarantee work?

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The guarantee is provided to your lender – not to you.

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To qualify for a Help to Buy mortgage guarantee, the home you want to buy must:

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But you cannot use Help to Buy with any other publicly funded mortgage scheme.

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For Further information and assistance if you are thinking of entering the Help to Buy Scheme please call our residential conveyancing solicitor Waheeda Alli on (0116) 2999 199