Launched in 2013, the government’s Help to Buy equity loan scheme has enabled thousands of people to purchase a new build home with only a small deposit, with up to 20% of the property sale price covered by a government loan, or 40% in London. To...
Our residential conveyancing solicitors have in–depth knowledge of the property purchase schemes available on the market. We have been carrying out conveyancing for people purchasing properties under these schemes since inception. We understand how these schemes work and the aspects that are critical to make the conveyancing run as smoothly as possible for our clients.For a free and instant conveyancing quote without obligation or call us on 01616 966 229.
The relatively new introduction of the NewBuy Scheme is no exception. The NewBuy Scheme in many instances assists first time buyers in terms of getting on the property ladder. Many first time buyers have in recent times struggled to raise the required deposit. Under this scheme buyers only have to find a 5-10% deposit and you can have a 90-95% repayment mortgage. Not all builders are currently offering this service so buyers will first need to find a participating builder and then apply for a NewBuy mortgage from one of the participating lenders. There are some criteria to fulfil to ensure you are eligible. Once you are able to proceed with the scheme, we have the necessary experience to complete the conveyancing on the purchase of a new build property.
