There are many Government initiatives in place to help you make you get on and move up the property ladder. Please be aware that we do not support all of these schemes.
Right to Buy
We support the Government’s Right to Buy scheme.
This scheme is for tenants who rent from their local council or housing association and allows you to buy your home at a discounted price. There is a maximum discount amounts, and more information of these can be found on the Government's website.
To qualify for the Right to Buy scheme you must have been a council tenant for at least three years.
View the Right to Buy website for more information and to see if you qualify.
We are supporting the Government’s shared ownership scheme.
Shared ownership is where you buy a share of your home and then pay rent to a Housing Association for the remaining share of the property. You will pay a reduced rent on the share of the property you do not own and will need a mortgage to fund your initial share, which can be anything from 25% to 75%. You will later have the opportunity to buy a bigger share in the property up to 100%, this is known as ‘staircasing’. Anyone living outside of London whose household earns below £80,000 per year, or £90,000 per year in London can buy a home through the shared ownership scheme.
For more information visit the Governments shared ownership website.
Forces Help to Buy
We are supporting the Forces Help to Buy Scheme.
This scheme allows servicemen and servicewomen to borrow up to 50% of their salary, interest free, to buy their first home or move to another property. To qualify, you must be in regular service and have served for at least two years and have at least six months service remaining when you apply.
There interest free loan amount is capped at a maximum amount of £25,000 so you will need a mortgage to fund the rest of the purchase. The Government loan can also be used towards your deposit and other costs associated with buying a home including solicitors and estate agent fees.
The interest free amount can be repaid over 10 years and you will be able to sub-let your property if your tour of duty requires you to serve away from the area you live in for a fixed period.
The scheme is available until 31 December 2022. For more information visit the Government's website.
Help to Buy: Equity Loans
We do not currently accept mortgages using the Help to Buy: Equity loans scheme.
This scheme is designed to help those who have a small deposit get on and move up the property ladder sooner than expected.
You will need to have a minimum of a 5% deposit saved to allow you to borrow up to 20% of the property price interest free from the Government. You will then borrow the remaining amount from a mortgage provider, meaning you may be able to get a better interest rate due to the lower mortgage amount required.
This scheme is available until 2021. For more information visit the Government website.