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BUDGET BREAKING NEWS…
First-time buyers get 20% deposit loans
First-time buyers get 20% deposit loans
First-time buyers will be offered a deposit contribution of up to 20%, under the new FirstBuy programme announced in today's Budget.
The scheme will earmark £250m to help first-time buyers' if they buy new-build property, thanks to the Government and house-builders jointly boosting their deposits.
Chancellor George Osborne said that the scheme will help 10,000 first-time buyers to get on the housing ladder.
It will also help prop up the house-building industry and demand for new-build properties.
The deposit contribution will allow borrowers to increase their initial deposit and then hopefully access a traditional residential mortgage, with lenders expected to support the scheme.
For more details on this new scheme and the mortgage products it may allow you to access please call us now on 020 7484 9208 for an initial chat.
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Whether you intend to buy or re-mortgage your property, whether your property is a buy to let investment, a commercial property or even if you are a professional property developer it's essential that you develop a team of property experts and make sure that they are on hand to ensure that the whole process glides smoothly from start to finish. Our range of property services can even help you buy a holiday home here or abroad.
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