Property Search
Help to Buy is made up of two schemes: • “Equity loan” scheme, which will run from 1 April 2013, where the government will lend individuals a deposit of up to 20% on a new build home if the individual contributes a 5% deposit.
• “Mortgage guarantee” scheme, which will run from January 2014, where the government will allow banks to purchase a guarantee from it on high loan-to-value mortgages for either new build or existing properties worth less than £600,000.
Share on social media