The Government has a number of Help to Buy schemes, some of which are briefly mentioned below. If you are eligible and want to take advantage of any of the Help to Buy schemes, we can help you find the most suitable mortgage for you.

The new Help to Buy: ISA pays first-time buyers a government bonus. For example, save £200 a month and they add £50, up to a maximum of £3,000, boosting your ISA savings of £12,000 to £15,000.

With a 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. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.

If you can’t quite afford the mortgage on 100% of a home, Shared Ownership offers you the chance to buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.

Terms & Conditions apply to above schemes. For eligibility and more information please visit the official website:

www.helptobuy.gov.uk/

For help with a mortgage linked with any of the government Help to Buy schemes, contact us today by telephone; 07748 800587, by email; advice@hcmortgages.com, or by using our contact form

Source: Information contained within this web page has been taken from the Help to Buy website and was last checked December 2016.