The mortgage guarantee scheme
Launched on 19 April 2021, the mortgage guarantee scheme helps to increase the supply of mortgages for borrowers with just a 5% deposit.
Help to Buy: Equity Loan
Help to Buy: Equity Loans help first-time buyers in England onto the property ladder with the government lending them up to 20% (up to 40% in London) of the purchase price of a new build home.
Shared Ownership is a part rent, part buy scheme that will enable you to buy a share of between 10-75% of a new build home and then pay rent on the rest.
First Homes is a new scheme to help local first-time buyers and key workers buy a first home, by offering homes at a discount of at least 30%.
Right to Buy
A government scheme to help eligible council tenants in England buy their rented home with a discount of up to £84,600 (£112,800 in London).
If you purchase a residential property before 30 June 2021, you only start to pay stamp duty on the amount that you pay for the property above £500,000. These rates apply whether you are buying your first home or have owned property before.
News and advice
The number of people buying a home through the Help to Buy scheme is at an all-time high. New figures released on 13 August 2021 show that from […]
This page was written by MHCLG’s home buying & selling team. It typically takes around six months to buy and move into a new home. The precise amount of time taken will […]
Kate Faulkner, Managing Director of Designsonproperty.co.uk and Propertychecklists.co.uk shares some top tips for first time buyers looking to get on the property ladder. Buying and […]