News – Help to Buy Mortgage Guarantee Scheme ended December 2016
The Help to Buy Mortgage Guarantee scheme ended in December 2016. This scheme enabled purchasers to buy a new or ‘second hand’ property with a 5% deposit by getting a 95% mortgage from a high-street lender. The Government then guarantee 15% of the mortgage.
The Help to Buy Equity Loan scheme, which enables purchasers to buy a new-build property with a 5% deposit and borrowing 20% of the properties value from the Government as an equity loan is due to run until 2021.
Help to Buy South administer applications for the Help to Buy Equity Loan Scheme. If you are interested in purchasing a property through the scheme please visit our website for further information and to start your property search today.