Help to Buy

Are you a first-time buyer, tired of paying rent, who can afford mortgage payments but cannot afford a deposit of more than 5%?

Or do you already own a home but feel trapped because the value of your home has not increased, so you can afford only a 5% deposit on your next place?
Now could be a great time to get on the property ladder and own your first home or make your next move, contact us today to see how Help to Buy could help.

Help to Buy: Equity Loan

For home-buyers, the Help to Buy: Equity Loan scheme is for people who wish to purchase a new build property when they cannot afford one in their area because of lack of income and insufficient deposit.

These include first-time buyers who are trying to get on the property ladder, and ‘second-movers’, needing to move up the ladder to a bigger home. These loans are not available for Buy-to-Let landlords or second homeowners.

London Help to Buy

London Help to Buy offers extra help for first-time buyers and home-movers in the capital. Using London Help to Buy, you can apply for an equity loan of up to 40% of the value of a new-build property, rather than the 20% offered elsewhere in the country. The loan is available for new homes in Greater London priced up to £600,000. As with the standard Help to Buy scheme, you will need to have a deposit of at least 5% of the property’s value and you won’t be able to let it out or use it as a second home.

JB Mortgages makes it easy to navigate through the seeming maze of options to get on the property ladder. We are specialists in providing mortgage advice to first time buyers. From working out how much you could borrow, completing all the paperwork, to picking up the keys to your first home, we’ll be there every step of the way.

So, rather than trawling the high street and agonising over your choice, you could save time and potentially a large amount of money, by contacting us and getting the very best mortgage for your situation. Let us help you get the keys to your new home.