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Help to Buy for first-time buyers

If you’re a first-time buyer, you have access to the widest range of Help to Buy and other government schemes to help you onto the property ladder.

You may be eligible for:

Help to Buy Mortgage Guarantee – 95% mortgages for both new and existing properties up to £600,000 anywhere in the UK

Help to Buy (Scotland) – the Scottish Government funds up to a 20% stake, meaning you only need a 5% deposit. Only available on new-build properties up to £400,000 in participating developments in Scotland.

MI New Home – 95% mortgages on new-build properties up to £250,000 in participating developments in Scotland.

LIFT – Buy a home from a Housing Association, participating developer or on the open market with only 5% deposit. The Scottish Government or Housing Association funds up to a 20% stake in the property. For first-time buyers only.

Housing Association Shared Ownership – purchase between 25% and 75% of a property from a Housing Association, and pay rent on the rest. Priority is usually given to first-time buyers and those with special needs.

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Peter Dean has helped thousands of people with quality money advice, through his well-known company Your Debt Expert. Peter is now helping even more people by offering quality whole-of-market mortgage advice.

 

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