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Help from the Government for home buyers

Since the launch of such government initiatives we have been recognised as a leading specialist with 1 in 5 customers choosing us to help them with our advice and experience. The schemes can often be quite complex and for some a little confusing.

How it works

With an equity loan:
you’ll need to contribute at least 5% of the property price as a deposit the government will give you a loan for up to 20% of the price you’ll need a mortgage of up to 75% to cover the rest

Example

For a property worth £200,000 Amount Percentage
Cash deposit £10,000 5%
Equity loan £40,000 20%
Your mortgage £150,000 75%

The Government is keen to help people buy new homes and has launched three key support initiatives: Help to Buy, Shared Ownership and NewBuy. You may be able to get financial help through one of these schemes if you live in England and don't believe you can afford to buy a new home.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.