Help to Buy

With more and more lenders signing up to the government-backed initiative aimed at helping people buy a home, now maybe a good time to buy. You can now purchase a home with as little as 5% deposit for both existing and first time buyers.

How Does the Help to Buy Scheme Actually Work

Option 1 – Equity Loan

With Help to Buy: Equity Loan:

The Government will lend you up to 20% of the value of your property through an equity loan, which can be repaid at anytime or on the sale of your home
You will need to contribute at least 5% of the property price as a deposit
So you will only need to secure up to a 75% mortgage from a bank or building society
Available to first time buyers and homeowners looking to move
Only available on new build properties
Maximum house purchase £600,000

Option 2 – Mortgage Guarantee

The Help to Buy: Mortgage Guarantee scheme has closed to new loans as of 31 December 2016 as planned.

If you already have a mortgage through the Help to Buy: Mortgage Guarantee scheme, see more here.

Why is this for me?

I only have a small deposit, but I can afford repayments on a 80-95% mortgage and I want a new build or older home, or I want to re-mortgage with a new lender to get a better deal.

For these products terms & conditions apply see www.helptobuy.gov.uk for further information.

‘YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.’

WE WILL CHARGE A BROKER FEE OF BETWEEN £250 AND £495, PAYABLE ON APPLICATION. THE AMOUNT WE WILL CHARGE IS DEPENDENT ON THE AMOUNT OF RESEARCH AND ADMINISTRATION THAT IS REQUIRED.

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Hasnat Sheraz trading as H S Financial Solution is an appointed representative of PRIMIS Mortgage Network (PRIMIS), a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority. PRIMIS is only responsible for the service and quality of advice provided to you in relation to mortgages, protection insurance and general insurance products. Any other product or service offered by H S Financial Solution may not be the responsibility of PRIMIS and may also not be subject to regulation by the Financial Conduct Authority.

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

The Financial Conduct Authority does not regulate some forms of Overseas Mortgages, Will Writing, Commercial Finance, Conveyancing and Bridging Finance.

Commercial mortgages, Bridging finance, Secured loans, Convayancing, Funeral plans, Commercial insurance, Specialist insurance services, Wills, and Asset finance are referred to third parties. Hasnat Sheraz T/A HS Financial Solutions and PRIMIS are not responsible for any advice received from the 3rd party.