What is new in Help to Buy?
Asked on Sep 30 2013,
General in Stanmore |
It is a government backed scheme which allows you to purchase a property with a smaller deposit (5 percent) in return for this the government will have a small stake in your property. Not all of the finer details have bee released yet but will hopefully be available by the end of the week.
Hope that helps
Answered on Oct 1 2013,
There are currently 2 Government Help to Buy Schemes.
The newest is the 'mortgage Guarantee' Help to Buy Scheme which as above states it allows you to purchase a property with a minimum of a 5% deposit.
Available for new build and existing homes
You'' need a deposit of as little as 5%
-Available to existing homeowners as well as first-time buyers
-You'll need to secure a mortgage for your purchase. The -Government guarantee will encourage lenders to offer better access to low-deposit mortgages
-Available from January 2014 , this scheme will run for 3 years
-Maximum home purchase of £600k
Web reference: http://www.peterheron.co.uk/news/290/help-to-buy-scheme/
Answered on Oct 7 2013,
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