help to buy mortgage durham

Help to Buy Mortgage Advice in Durham

Help to Buy Mortgage Advice in Durham

The whole home buying process can be full of surprises and quite intimidating, especially if you’ve never done it before. It’s our job there to support you through the whole process, talk you through what happens and when and always be at the other end of the phone when you need us. When buying a new home, things don’t always go the way you want them to, that’s why having a Mortgage Expert on your side will be beneficial.

The video below is from the Helptobuy.gov website and explains the Help to Buy Scheme well.

Please contact us to see if you qualify for the scheme

Help to Buy Mortgage Advice in Durham

The Help to Buy Equity Loan Scheme is designed to help both First Time Buyers and Home Movers buy a new home, with a 5% deposit.

Help to Buy Equity Loans – Key Facts:

    • A minimum of 5% deposit is required.
    • Up to 20% of the property’s value as an equity loan from the Government.
    • The rest is taken out as a Help to Buy Mortgage. I.e. 5% deposit, 20% equity loan, 75% mortgage.

Example: for a home with a £200,000 price tag

Help to Buy: Equity Loan scheme Example

Help to Buy – Do You Qualify?

If you are wanting to go down the Help to Buy route, we will see if you qualify for the scheme – It’s part of our service. Help to Buy Equity loans are only available on new build homes up to the value of £600k.  Both home movers and first-time buyers qualify.

You must not own any other property at the time you buy your new home with a Help to Buy Equity Loan. Also, subletting and part-exchange is not allowed.

Reasons to choose us as your Mortgage Broker:

  1. We’ll be here for you for help and support 7 days a week!
  2. Buying a property isn’t always easy, we’ll help you over any hurdles you face throughout the whole process.

Read our Genuine Customer Reviews!

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Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

Durhammoneyman – Portland House, Belmont Business Park, Durham, DH1 1TW

The Financial Conduct Authority does not regulate most buy to let mortgages.

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