Help to Buy

There are two types of help to buy, equity loan and mortgage guarantee.

  1. Help to Buy Equity Loan is where you can borrow up to 20% from the government meaning you provide a 5% deposit and obtain a 75% mortgage.The Scheme ends in 2021.
  2. Help to Buy Mortgage Guarantee is useful where you find you are struggling to afford a higher deposit. Under this scheme you can buy a new build property anywhere in the country with a 5% deposit. It works like any mortgage except that under the scheme the government offers lenders the option to purchase a guarantee on the mortgage loan. Due to this, lenders taking part in the scheme will offer more mortgages with higher loan to value ratios of 80% to 95%.The Scheme ends on 31st December 2016.

Here to help

Our specialist teams can provide full service legal advice and assistance, providing practical and cost-effective solutions.

Our offices

Bournemouth
302 Charminster Road
Bournemouth
Dorset
BH8 9RU
01202 525333
Contact Bournemouth Bournemouth
London
Office 320 107 – 111 Fleet Street
London
EC4A 2AB
02039 784720
Contact London London
Poole
14a Haven Road
Canford Cliffs
Poole
Dorset
BH13 7LP
01202 709898
Contact Poole Poole
Ringwood
Monmouth Court
Southampton Road
Ringwood
Hampshire
BH24 1HE
01425 484848
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Swanage
55 High Street
Swanage
Dorset
BH19 2LT
01929 422233
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Wimborne
39a East Street
Wimborne
Dorset
BH21 1DX
01202 057676
Contact Wimborne Wimborne