Help to Buy Mortgage

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Help to Buy

Bookers & Bolton Solicitors can do your conveyancing for a Help to Buy mortgage, which is a government-backed scheme first announced in the March 2013 Budget, with the aim of helping first time buyers and existing homeowners purchase a home with as little as 5% deposit by making more low deposit/high loan-to-value (LTV) mortgages available, thus making buyers less reliant on financial assistance from friends and relatives.

It is designed to help buyers who wish to purchase their first home, or who are looking to move up the property ladder, but who have insufficient funds to make the ‘jump’.

There are 2 ways to purchase a property with Help to Buy:

  • With an Equity Loan
  • or a Mortgage Guarantee.

Buyers will need to choose which is most applicable to their situation and requirements.