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Help to Buy

Buying your first home is an exciting prospect, but figuring out how to get onto the property ladder can feel overwhelming.

Help to Buy

Whether it’s a Help-to-Buy ISA, Help-to-Buy equity loan or a shared ownership mortgage, there’s plenty out there to help you on your way. There are a range of government schemes designed to help first time buyers, alongside specific first time buyer deals through banks and building societies. We help you navigate the options to find the right deal for you.

Help-to-Buy is a government-backed equity loan scheme designed to help first-time buyers get a foot on the property ladder. They will lend you up to 20% of the cost of certain new-build homes, which means that you’ll only need a 75% mortgage and a 5% cash deposit, however please note that this 20% is government funded and will need to be paid back within the agreed terms. For people who don’t have a lot of savings, Help-to-Buy can be a great option.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Lifetime ISA

You can use a Lifetime ISA to buy your first home or save for later life. You must be 18 or over but under 40 to open a Lifetime ISA. You can put in £4,000 each year, until you are 50. The government will add a 25% bonus to your savings, up to a maximum of £1,000 per year.

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

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