Help to Buy: Shared Ownership
If you can't quite afford to buy 100% of a home, you could buy a share of your home instead and pay rent on the rest.
If you can't quite afford to buy 100% of a home, you could buy a share of your home instead and pay rent on the rest.
If you are looking to buy with a 5% deposit on properties costing a maximum of £600,000, you will be able to apply for a 95% loan to value (LTV) mortgage with participating lenders offering a government backed mortgage guarantee scheme.
The government has announced a new Help to Buy scheme to run from April 2021. It is restricted to first-time buyers and includes regional property price caps to ensure the scheme reaches people who need it most.
If you want to buy a home where you have a local connection, this scheme could help you do that with a 25%-50% discount.
Do you dream of building your own home or having it custom-built for you? The Self Build Portal could empower you to make your dream a reality.
Buying a home could be the biggest single investment you ever make. It’s an exciting time, but there is a lot to think about. So you’ll need to take time to look at the costs.
You can find advice on saving for a deposit, getting a mortgage and much more on the Money Advice Service website. You can even use an online calculator to estimate how much your mortgage repayments could be.
To find out more about the process, key stages and what fees to expect, we recommend you visit their home-buying timeline first.
The Money Advice Service is a free, unbiased and impartial service set up by the government.