You could own your own home for as little as a 5% deposit.
How does it work?
There are two options:
Help to Buy: mortgage guarantee
Available on the purchase of any new build or existing home up to £600,000 in the UK, a mortgage supported by the Help to Buy: mortgage guarantee scheme works in exactly the same way as any other mortgage except the UK Government will provide a guarantee of up to 15% of the property value, allowing you to secure a 95% mortgage from a participating lender.
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Help to Buy: equity loan
Available on selected new-build homes, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan fees on the 20% loan for the first five years of owning your home.
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