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Help to Buy Scotland...

With the Help to Buy scheme, you could buy a new home with just 5% deposit.

Help to Buy is available to everyone. If you're a first time buyer, you’ll need to save just 5% deposit to get a mortgage, so you could buy your first home sooner than you thought. And if you’re an existing homeowner, you can use Help to Buy to trade up to a bigger property, even if you have limited equity in your existing home.

Where can I get Help to Buy? 

Help to Buy is available on all Barony Homes in Scotland worth up to £230,000 on houses which complete on or before 31st March 2017, £200,000 on houses which complete on or before 31st March 2018 and £175,000 on houses which complete on or before 31st March 2019.. There are two ways to buy a new home with 5% deposit using the Help to Buy scheme.

  1. The Help to Buy interest free equity loan is exclusively available on new build properties. The equity loan could reduce your mortgage repayments, making this an affordable option.
  2. The Help to Buy mortgage guarantee means that you could get a 95% mortgage on the home of your choice.

With the Help to Buy equity loan scheme, you’ll need as little as 5% deposit and 80% mortgage to buy a new home in Scotland. This could make your mortgage repayments more affordable and is exclusively available on new homes.

With the Help to Buy equity loan scheme:

Who can benefit from Help to Buy?

Help to Buy is available to first time buyers and existing home owners alike.

Where is Help to Buy equity loan available?

The Help to Buy equity loan scheme is available across all Barony Homes developments in Scotland up to the value of £230,000 for houses completed on or before 31st March 2017, £200,000 on houses completed on or before 31st March 2018 and £175,000 on houses completed on or before 31st March 2019. 

How does the Help to Buy mortgage guarantee work?

 

 

With the Help to Buy mortgage guarantee scheme, you only need to a 5% deposit to buy a new Barony home.

With the Help to Buy mortgage guarantee scheme:

With the Help to Buy mortgage guarantee, the Government will guarantee your mortgage up to 15% of the value of the property. 

This makes it less risky for lenders to offer a mortgage to a borrower with only a 5% deposit, and means that they will be able to offer cheaper rates than previously available with a 5% deposit.

Who is Help to Buy for?

Help to Buy is available to first time buyers and existing home owners alike.

Where is the Help to Buy mortgage guarantee available?

The mortgage guarantee is available on all Barony homes in Scotland that meet the price criteria. 

Is there another way to buy with Help to Buy?

Yes - why not consider Help to Buy equity loan, which could make your mortgage repayments more affordable and is available in Scotland on new build properties.