New Mortgage lenders announced for Help to Buy scheme

mortgage advice for help to buy mortgagesStarting this month borrowers will be able to choose from an increased range of “help to buy” mortgages with Aldermore and Virgin Money both committing to the Government backed Help to buy scheme. With this announcement we will see the total number of lenders offering the help to buy option increase to five. Others banks and building societies have also intimated that they will be offering help to buy products in the coming months. Continue reading New Mortgage lenders announced for Help to Buy scheme

Independent mortgage advice on the “Help to Buy” Scheme

help to buy mortgage scheme with independent mortgage adviceThe Help to buy mortgage scheme was first announced in the Government Budget of 2013. Essentially designed to help any person who is finding purchasing their first home difficult. Two of the Main elements to bare in mind are that this scheme is restricted to the purchase of new build homes and that the purchaser is only required to raise 5% of the value of the property as a deposit. Continue reading Independent mortgage advice on the “Help to Buy” Scheme

Government Backed “Help to Buy” mortgages a helping hand !

help to buy mortgages from a government schemeNot everyone has the facility to save a large deposit for a new home. However with the addition of the government backed “Help to Buy” scheme, some qualifying borrowers now have the facility to apply for loans on new-build properties worth up to £600,000. Borrowers now only have to put down a minimum 5% deposit, they can then gain up to 20% with an equity loan from the “Home and Communities Agency“. Continue reading Government Backed “Help to Buy” mortgages a helping hand !

Mortgage rates reach new low

mortgage_ratesAccording to reports today in the second quarter of 2013 the rate of an average UK mortgage dropped to a historical new low. Coinciding with the ever improving recovery of the UK housing market.

Today the Bank of England announced the fall to 3.43% on average mortgage rates (occurring in the three months to June) this is down from 3.47% the last quarter. New mortgage rates also fell from 3.65% to 3.47%.

Continue reading Mortgage rates reach new low