If you need a hand to get onto the property ladder or to move up the ladder you may be able to get some help through a home ownership scheme. There are currently 3 types of schemes available:
Help to Buy is the Government’s new low cost home ownership scheme designed to help First Time Buyers or home movers move onto or up the housing ladder into a new build home. Find out more about help to buy.
Under the ‘shared ownership’ scheme individuals are able to buy part of a property and pay rent on the outstanding share.
The share you purchase will need to be funded by yourself using a mixture of your savings (your deposit) and a mortgage.
Usually, the housing association purchases the remaining share and will charge you rent. If you wish, you may be able to purchase further shares in your home at a later date. This is known as ‘stair casing’.
NewBuy is a collective effort from the Government, house builders and mortgage lenders to provide 95% loan to value mortgages for buyers who only have a small deposit. To qualify for NewBuy, you can be a First Time Buyer or an existing home owner, you must be a UK citizen, buying a new build home in England with a value of up £500,000.
If you are interested in applying for any of the Government run schemes and want to find out more about the options available, Countrywide Mortgage Services can help.
Your home may be repossessed if you do not keep up repayments on your mortgage.
For arranging your mortgage we charge £249 for residential and £399 for Buy-to-Let (a Lifetime Buy-to-Let option is also available). Mortgage availability depends upon your circumstances. Eligibility criteria applies. Terms and Conditions apply.
Countrywide Mortgage Services, Countrywide House, 88-103 Caldecotte Lake Drive, Caldecotte, Milton Keynes. MK7 8JT. Countrywide Mortgage Services is a trading name of Countrywide Principal Services Ltd which is authorised and regulated by the Financial Conduct Authority (Financial Conduct Authority number 301684). Please note that, Buy to Let mortgages are not regulated by the Financial Conduct Authority.
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