Help-to-Buy
The Government Help to Buy initiatives have proved popular since their launch in 2013, allowing thousands of First Time Buyers to step onto the property ladder.
It is worth noting however, that these schemes are not just for the first-timers, but are also open to existing homeowners looking to move property.
Recent figures showed a notable difference between the increase in house prices compared to those of flats. Someone looking to make that move to a larger property may therefore find they do not have as much equity as expected, so bridging that gap may be difficult.
Both Help to Buy schemes – the Equity Loan and Mortgage Guarantee – allow borrowers to put down just a 5% deposit.
For those not keen to re-visit the Bank of Mum and Dad, this could prove to be a lifeline.
Guild Mortgage Service, Provided by London & Country Mortgages
Newcastle Office
119-121 St George's Terrace
Jesmond
Newcastle upon Tyne
NE2 2DN
0191 240 3333
js@sarahmains.com
Low Fell Office
4 Beaconsfield Road
Low Fell
Gateshead
NE9 5EU
0191 487 8855
lfs@sarahmains.com
Whickham Office
8-10 The Square
Whickham
Newcastle upon Tyne
NE16 4JB
0191 488 9999
ws@sarahmains.com
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Sarah Mains Residential Ltd. Registered in England & Wales. Company No: 04324202. Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE .
Sarah Mains Residential (Whickham) Ltd. Registered in England & Wales. Company No: 05774118. Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE .
Sarah Mains Residential (Newcastle) Ltd. Registered in England & Wales. Company No: 04919065. Registered Office Address: 8-10 The Square, Whickham, Newcastle Upon Tyne NE16 4JE .