SolicitorsGovernment schemes for first-time home buyers
Owning a home in the Home in the United Kingdom is harder year after year. A buyer will have to save up a huge sum of money to even think about purchasing a home. A recent Halifax study in 2016 shows the average price needed for the first time is £400,000. That is not going […]
How does help to buy work
Help to buy is a government lending scheme that enables new home buyers to get mortgages easily by assisting them in raising a deposit for a mortgage. Traditionally, mortgage lenders usually require borrowers to make a deposit or have security when applying for a mortgage. The deposit can be a percentage of the price of […]
Examples of affordable housing schemes
Exorbitant house prices in the UK have prompted the government and housing companies to come up with various schemes to provide affordable housing. These schemes give key workers and other low income earners an incentive to get homes at reduced price. The affordable housing schemes are not reserved for people with low incomes. Anyone who […]
What do you need to know about how to save to buy ISA?
Houses in the UK are very expensive. The go for as much as £450,000. That is much money for most people in the UK to raise. Mortgage lenders do help people in financing house buying. However, there is a limit to what the lenders can do. The government came up with a plan to help […]
Why you need help to buy remortgage properties
Most people use mortgages to buy homes. Remortgaging is a new scheme for the purchase of property. Banks are now inviting current mortgage holders to take remortgages. Buyers need help to buy remortgage and properties on remortgages. They also need to know costs of remortgaging and the benefits of remortgaging. You can get a loan […]
How does Help to Buy work
Help to Buy is a governmental scheme that helps you move houses or purchase a residential property with a deposit as little as 5%. How can you use the Help to Buy scheme? Through an equity loan: the government lends you money to buy a newly built house, regardless if you are an existing homeowner […]