Help To Buy Conveyancing

Many would-be home-buyers are missing out on mortgages under the government’s Help to Buy guarantee scheme because they think it doesn’t apply to them. Don’t be one of them!

The Help to Buy scheme has been greatly expanded and can now provide help to far more buyers than before. So if you thought you wouldn’t be able to buy a home because you would have to borrow more than 80 percent of the price, think again.

HERE WE DEMOLISH SOME OF THE MOST COMMON MISUNDERSTANDINGS ABOUT HELP TO BUY

  • “It’s only for first-time buyers”.
    No, it’s now available to people who already own a home or have done so before, as well as first-time buyers. So if you already own a home but want to move, this is a great opportunity. (You will have to sell your existing home at the same time as or before you complete a purchase with a Help to Buy mortgage.)
  • “It’s only available on brand-new properties”.
    No, you can now get help to buy any property, however old it is. You need no longer be restricted to new developments, you can choose an existing property – perhaps somewhere in a more convenient location for you. But, of course, it’s still available on new homes if that’s what you prefer.
  • “You can only get help if you are buying a cheaper home”.
    In fact, the scheme is available on all homes worth up to £600,000, which covers the vast majority of residential properties.
  • “Help to Buy is only available in certain areas”.
    No, it covers the whole of the UK.
  • “You can only get mortgages through a few lenders”.
    Well, this is partly true, as not all lenders have joined the scheme. However, those that have include all the major high-street banks as well as some other lenders, so you have plenty of choice.
  • “You will have to make higher mortgage repayments”.
    No, the monthly mortgage repayments will be calculated in exactly the same way as for any other mortgage. Of course, the exact amount you pay will depend upon the amount you borrow and the interest rate applicable, but you can get a quote before making a full application.

Get a free quote today or call us on 020 7060 5333 for help with your help-to-buy purchase.