Help To Buy

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Help To Buy

This refers to a Government equity loan of up to 20% of the purchase price of some New Build properties to assist first time buyers with small deposits onto the property ladder.

You put down a minimum 5% cash deposit, the Government contribute a loan of up to 20% and you get a mortgage for the remaining purchase price, up to a maximum of 75%.

The new scheme was launched on 1st April 2021 and imposes a cap on the purchase price for different regions within the UK.

Here at Stonebrook Mortgages we can explain the process and let you know whether you’re eligible for the scheme. It’s imperative to get expert advice to help you through the application stage.

YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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