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Monday 1 February 2021
Monday 1 February 2021
Monday 1 February 2021
Monday 1 February 2021
The Help to Buy scheme provides an incredible opportunity for homeowners to plant roots in the stunning coastal town of Bournemouth. With its Victorian architecture, vibrant nightlife, and dazzling locales, Bournemouth is a dream destination for many.
At Barrett Mortgages, we are proud to be an approved Help to Buy lender for Bournemouth properties. We collaborate with lenders across the market to find the best mortgage deals for you. For first-time buyers, our exclusive mortgages come with a dedicated specialist to guide you every step of the way. From comparing deals to securing your mortgage, we handle the hard work, making your journey onto the property ladder as stress-free as possible.
What is Help to Buy?
Help to Buy is a government-backed initiative designed to help people purchase their own homes. It’s available for both first-time buyers and existing homeowners looking to purchase a New Build property with as little as a 5% deposit.
Key details about Help to Buy:
Only available for owner-occupied properties (not for buy-to-let properties).
Maximum property purchase price limits:
£600,000 in England
£300,000 in Wales
£250,000 in Scotland
Under this scheme, the government lends up to 20% of the property value through an equity loan. The loan can be repaid at any time during the term or on the sale of the property. Buyers must secure a mortgage of up to 75% of the property value to complete the purchase.
How Does Help to Buy Work?
Equity Loan
This option is exclusively for New Build properties. With a 5% deposit, the government provides a 20% equity loan to supplement your deposit, leaving you to secure a 75% mortgage.
Key benefits:
The government equity loan remains interest-free for the first 5 years.
If repaid within this interest-free period, you won’t incur additional costs.
This scheme significantly lowers the upfront financial burden, making it easier for many to achieve homeownership.
Mortgage Guarantee
This scheme applies to both New Build and pre-owned properties priced under £600,000. With as little as a 5% deposit, you can secure a mortgage of up to 95% of the purchase price.
Key benefits:
Backed by the UK government, providing security for lenders.
Makes it possible for more individuals to buy or move, even with a smaller deposit.
Why Choose Barrett Mortgages?
At Barrett Mortgages, we simplify the process of accessing Help to Buy for your Bournemouth property. Our friendly advisors are here to help you decide which scheme best suits your needs and guide you through the application process.
Contact Us
Have questions or ready to take the next step? Contact Barrett Mortgages today:
Phone: 01202 733809
Visit us: Parkstone Road, Poole, Dorset
Online: Use our contact form on our website
Let us help you secure your dream Bournemouth home with the Help to Buy scheme!
The Help to Buy scheme provides an incredible opportunity for homeowners to plant roots in the stunning coastal town of Bournemouth. With its Victorian architecture, vibrant nightlife, and dazzling locales, Bournemouth is a dream destination for many.
At Barrett Mortgages, we are proud to be an approved Help to Buy lender for Bournemouth properties. We collaborate with lenders across the market to find the best mortgage deals for you. For first-time buyers, our exclusive mortgages come with a dedicated specialist to guide you every step of the way. From comparing deals to securing your mortgage, we handle the hard work, making your journey onto the property ladder as stress-free as possible.
What is Help to Buy?
Help to Buy is a government-backed initiative designed to help people purchase their own homes. It’s available for both first-time buyers and existing homeowners looking to purchase a New Build property with as little as a 5% deposit.
Key details about Help to Buy:
Only available for owner-occupied properties (not for buy-to-let properties).
Maximum property purchase price limits:
£600,000 in England
£300,000 in Wales
£250,000 in Scotland
Under this scheme, the government lends up to 20% of the property value through an equity loan. The loan can be repaid at any time during the term or on the sale of the property. Buyers must secure a mortgage of up to 75% of the property value to complete the purchase.
How Does Help to Buy Work?
Equity Loan
This option is exclusively for New Build properties. With a 5% deposit, the government provides a 20% equity loan to supplement your deposit, leaving you to secure a 75% mortgage.
Key benefits:
The government equity loan remains interest-free for the first 5 years.
If repaid within this interest-free period, you won’t incur additional costs.
This scheme significantly lowers the upfront financial burden, making it easier for many to achieve homeownership.
Mortgage Guarantee
This scheme applies to both New Build and pre-owned properties priced under £600,000. With as little as a 5% deposit, you can secure a mortgage of up to 95% of the purchase price.
Key benefits:
Backed by the UK government, providing security for lenders.
Makes it possible for more individuals to buy or move, even with a smaller deposit.
Why Choose Barrett Mortgages?
At Barrett Mortgages, we simplify the process of accessing Help to Buy for your Bournemouth property. Our friendly advisors are here to help you decide which scheme best suits your needs and guide you through the application process.
Contact Us
Have questions or ready to take the next step? Contact Barrett Mortgages today:
Phone: 01202 733809
Visit us: Parkstone Road, Poole, Dorset
Online: Use our contact form on our website
Let us help you secure your dream Bournemouth home with the Help to Buy scheme!
