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Help To Buy Scheme

Help to Buy is a government scheme that means you could move home with a deposit as low as 5%.

These days many mortgages can seem out of reach. The Mortgage Guarantee scheme makes it possible to purchase a pre-owned or new build House Buying Coupleproperty under £600,000 with a 5% deposit.

Available for pre-owned properties and new builds across the UK – up to the value of £600,000.
Both existing homeowners and first-time buyers are eligible.
Buyers need a minimum of a 5% deposit.
You must occupy the property and it must be your only property.

Help to Buy is a government-backed scheme to support buyers who may previously have struggled to raise a sizeable deposit. It’s the same as a traditional mortgage, except the government guarantees a portion of the loan to an affiliated lender (though the agreement is between the lender and the government, not you!). You will barely notice the difference.

The Mortgage Guarantee scheme can only be used for property you intend to occupy, and must be your only property. A minimum deposit of 5% of the property value will be required. The rest is par for the course – as long as you tick the lender’s boxes in terms of credit score and loan-to-income ratios. Another thing to note is that the scheme only applies to repayment mortgages. Interest-only and self-certified mortgages are not included.

Contact NPE Mortgage Services for comprehensive information and free advice on all Help To Buy Schemes:

E: mortgages@npestates.co.uk T: 0161 682 1001