As of the 31st of December 2016, the government no longer offer their Help To Buy mortgage guarantee scheme. But no need to panic, in response to this mortgage lenders are offering deals which only require yourselves to put down a 5% deposit.
With more than a dozen lenders offering these types of mortgages, it means that we have multiple options when recommending the right deal for yourself.
Saving that 5% could prove really worthwhile as renting is proving to be more and more costly, whereas mortgage rates are at the lowest they have been in a generation. The cost of renting is usually more expensive than the monthly mortgage repayments for the equivalent property, and as an added bonus you will own your own home!
Would you like to learn more? Get in touch for a free consultation with one of our advisers.