Help to Buy Mortgages
Small Deposits, No Interest for Five Years
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Mortgage Enquiries
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Mortgage Enquiries
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Mortgages Accepted
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Mortgages Accepted
A dedicated Government scheme helping people onto the property ladder
Small deposits and no interest for five years makes that the difficult first step so much easier. If you have enough income to cover monthly mortgage repayments and a have a small amount of savings for a deposit – it could be the ideal option for you.
Why Choose MortgageKey for Help to Buy Mortgages
Impartial and unbiased advice
Because we are completely independent, we can freely search for the very best deals
Pay nothing until completion
We don’t ask for any payment at all until your mortgage deal is signed and sealed
Thousands of deals considered
We search and compare thousands of help to buy mortgages to tailor a deal best suited to you
Award-winning expertise
We’ve been recognised for our fantastic range of products due to our large network of lenders
Award-winning mortgage and loans experts – ready to help you today
Our team of specialists will guide you through the process of securing a mortgage, buying a home or taking out a loan – finding the very best deals for you and your family.
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Help to Buy Mortgages - Your Questions Answered
By offering a more manageable deposit of just 5%, help to buy mortgages allow you to save and buy a property much quicker than ever before.
It is a route which helps many make the step from wasting money on rent to finally having a foot on the property ladder.
What is a Help to Buy Mortgage?
The help to buy scheme is a Government led initiative introduced to assist those looking to own their own home. By offering lower deposits and lower rates of interest for fixed periods of time, it helps more people own their own homes.
How do Help to Buy Mortgages work?
Help to buy mortgages are designed much like a regular mortgage but come with smaller deposits, no interest on your loan for the first 5 years and cheaper rates because you’re borrowing less overall. The Government lends you up to 20% equity of the cost of a new build home, meaning you’ll only need a 5% deposit and a 75% mortgage to make up the rest. You can redeem or contribute more to the equity further into your mortgage deal.
How do you get a Help to Buy Mortgage?
You can only qualify for a help to buy mortgage if you’re a first-time buyer or an existing homeowner who wants to buy a ‘new build’ house. From April 2021 until March 2023 the scheme will be limited to first-time buyers only. The home you want to purchase must be your only place of residence and not a buy to let project
Things to consider before choosing a Help to Buy Mortgage
Having a deposit is key to a help to buy mortgage, although it can be as small as 5%, you must make sure this lump sum is in cash and accessible. It’s also important to ready yourself financial scrutiny and a thorough process throughout.
If you use our industry experts at MortgageKey, they will take the time to compare and search through thousands of help to buy mortgage deals from leading providers, so they can present you with the options they believe are right for you and your property.
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