The government has created the help to buy scheme to help hard-working people like you take steps to buy your own home.

Are you a first time buyer and you are struggling to save up a large deposit for your new home? Keywest are delighted to share an update from our preferred Mortgage Lenders – Bluberry Mortgages – which outlines the recent Help to Buy Government backed incentives, aimed at supporting first time buyers.

Help to Buy – Equity Loan Scheme
This offers First time buyers & Home movers the opportunity of buying a new build property with only a 5% deposit. The government will then make a 20% Equity loan for the remaining deposit needed meaning your new home could be within reach. The Equity loan is interest free for the first 5 years.

Help to Buy – Mortgage Guarantee Scheme
This offers first time buyers the opportunity to arrange a mortgage with only a 5% deposit through certain lenders who are in the scheme. The Government offers a guarantee to those lenders on your behalf. This means that First time buyers can purchase a new build or established property with only a 5% deposit.

Help to Buy – ISA
The Government is offering a 25% bonus on your closing savings. If you make an initial deposit of £1200 followed by £200 monthly then this would mean you are eligible for the 25% bonus payment from the Government to a maximum of £3000. This offers a great way to help you save for your dream new home!

For more information on all of the above please visit the website www.helptobuy.gov.uk.

If you are looking at houses for sale in the Leicester area – then remember that our expert team at Keywest is perfectly placed to help you find the right investment, whether you want a single buy-to-let opportunity, a complete portfolio – or your dream home – simply get in touch with us today! Call 01162544555 or email us at sales@keywest-estateagents.co.uk.