First time buyer ....
Is there any help with buying first home?
Asked on Jan 10 2012,
Renting in Scarborough |
Depends on what type of help you are looking for?
Often 1st Time Buyers struggle to raise deposits there are numerous schemes out there which can help 1st Time Buyers to get on the property ladder by providing some form of vendor finance requiring the buyer to only have to put down 5% deposit - I suspect however you'll need a squeaky clean Credit Rating and of course you still need a 5% deposit plus legals etc.
Alternatively you can look at a Rent 2 Buy program in your area - basically you find someone who has a house for sale using one of these programs, you fix the purchase price, the period of time over which you are going to buy it and the amount you'll pay. Every month you make a payments a portion of which goes towards the purchase of the property. I can recommend a few if your interested or just do a google search.
Answered on Jan 10 2012,
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