Government schemes made for fire-time buyers and existing homeowners making it easier for us to purchase a property

There are numerous Government schemes that were created to help individuals buy a home. This includes Right to Buy, Help to Buy and Shared Ownership. Carry on reading to find out more about them and how you can apply. Find out about mortgages.

Help to Buy schemes helping those with just 5% deposit

The Help to Buy scheme is aimed at those with a small deposit, so if you’re eligible start applying today.

There are two types of schemes that fall under this bracket; the first is equity loan scheme.

This is available for first-time buyers and existing home owners that want to buy a property labelled as ‘new build’. The main condition for qualifying for this is that the asking price for the home mustn’t be over £600,000. See home improvement ideas.

You can borrow up to 20% of the purchase price and this will be interest-free for the first five years, as long as you have the 5% deposit. In London, you can borrow up to 40%.

For those who have benefitted from the Help to Buy scheme and are looking to remortgage or sell the property, a requirement is that a RIC chartered surveyor has to come and value it. For Help to Buy valuations in London, click here.

Listed below is criteria that must be followed:

  • Must be an RIC registered surveyor
  • Must be an independent agency
  • Must provide three comparable properties
  • Must inspect the interior of the property and provide a full valuation report

Are you thinking of selling your property?

Before putting your house on the market, ensure you have a sound roofing structure.

Rubber roofing is a leading material used for low pitched and flat roofs. This type of material is also used of sheds and garages. Having a sound rubber roofing structure means the roof can last for 50+ years making it a key selling point for any potential buyers. It can also increase the value of the property.

EPDM rubber roofing has been around for many decades and is used successfully all around the world. Find out more information.

Need help decorating your bathroom?

The next is the mortgage guarantee scheme. This scheme is available for both new and old properties throughout the UK.  If you have any difficulty repaying any mortgage lenders losses, the Government may agree to cover it. You can read more information about when this scheme was available.

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