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Are you looking to buy your first home? Are you ready to move up the property ladder? Help to Buy could be the right option for you.
There's a Help to Buy Equity Loan scheme available in England which is a government backed mortgage schemes which offer the chance to purchase a new home with as little as a 5% deposit.
There were recently two schemes but the Help to Buy Equity Loan scheme (which launched in 2013) closed on 28 February 2021.
The newer Help to Buy Equity Loan (2021-2023) scheme launched in December 2020, for purchases from April 2021, and will run until 2023. This is only available to first time buyers.
This calculator provides a guide to help to buy equity loan that may be available, and the amount of mortgage that you would require based on the purchase price of the property, and the deposit that you can afford to put down (min 5%), this does not guarantee eligibility for a mortgage. Please contact our partners Embrace Financial Services for a personalised Mortgage Illustration.
The help to buy equity loan calculator should give you an indication of the amount of mortgage that you would require based on the purchase price of the property, and the deposit that you can afford to put down (min 5%)
However, it's definitely not the final answer - book a free initial appointment and speak to our partners Embrace Financial Services. They can talk through your full situation and find a mortgage that suits your needs.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Embrace Financial Services usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
