Become a homeowner
The government has announced a new mortgage guarantee scheme to support a new generation in realising the dream of home ownership. This means that homebuyers can pay just a 5% deposit on their new home.
The aim is to increase the availability of 95% mortgages, enabling more households to access mortgages without the need for large deposits. Until recently, most lenders were only offering 85% mortgages.
As the scheme is backed by the Government it means the risk is reduced for the lender. The hope is more first-time buyers will use this as a chance to get onto the property ladder and own their own home.
The scheme is available to buyers of properties costing up to £600,000 and the mortgages will be available on homes purchased from April 2021 until 31 December 2021. Buyers will still need to go through the usual affordability checks too.
If you’re looking for your first home then get in touch with our sales teams who’ll be happy to help you find just what you’re looking for.
Old Town 01793 611841
Swindon 01793 296600
Marlborough 01672 514380
Cricklade 01793 751044