Help to Buy
The Government have introduced two schemes designed to support individuals in the purchase of their own home. The schemes are explained further below.
Help to Buy and Help to Buy guarantee scheme
Under the Help to Buy scheme under certain conditions the UK Government will lend up to 20% of the value of a new-build property if you have a 5% deposit.
With a Help to Buy Guarantee Scheme you will also need a 5% deposit and this scheme is extended to existing properties as well as new builds, with the UK Government providing a guarantee of up to 15% of the property. This scheme requires you to secure the remainder of funding from a participating lender.
While undoubtedly attractive to a buyer the obligations imposed on a conveyancer mean an increased level of expertise is required to ensure there are no unnecessary hold-ups or difficulties in the purchase of your property.
Help to Buy ISA’s
For first time buyers the Help to Buy ISA scheme means the Government contributes a further cash contribution worth 25% of what a prospective buyer has managed to save.
Our experience
We have specialist conveyancers who are experienced in dealing with the purchase of property through Government Help to Buy schemes and who can advise and guide you through the process and deposits required.
Why choose us?
You will have peace of mind in knowing that our team are knowledgeable, approachable will ensure your house purchase is managed efficiently so that you receive the benefit of the support that is on offer.
