Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee. If we charge a fee for sourcing and arranging a mortgage a fee of between £395 and £1,250, will be payable at offer. Typically this will be £395. We will also receive commission from the lender.

The government has put in place a number of schemes to support house purchasers, such as Help to Buy.

The Help to Buy mortgage guarantee scheme helps you buy a home with a deposit of 5% of the purchase price. It’s open to both first-time buyers and home movers for new-build and older homes in the UK, with a purchase price up to £600,000.

The guarantee is provided to your mortgage lender by the government – not to you.

Eligibility

To qualify for a mortgage guarantee, the home you want to buy must:

  • have a purchase price of £600,000 or less
  • not be a shared ownership or shared equity purchase
  • not be a second home
  • not be rented out after you buy it

The property doesn’t have to be newly built.

You don’t have to be a first-time buyer and there’s no limit on your level of income. But you can’t use Help to Buy with any other publicly funded mortgage scheme, or an interest-only mortgage.

For details of other government home ownership schemes, please visit https://www.gov.uk/affordable-home-ownership-schemes/overview

Contains public sector information licensed under the Open Government Licence v2.0.