thread for first time buyers?

ktcoil

Hi does anyone know any threads that are for first time buyers?


We are currently trying to save for our first mortgage to then buy a home and would like some info about this?


Also any information on how the help to buy works, does it have to be a new build house as a lot of new build houses are about £150,000 and we were looking at a joint £80,000-£100,000 mortgage?


thanks

libf

Google is your best bet for these questions.

kingstreet

ktcoil wrote: »

Hi does anyone know any threads that are for first time buyers?


We are currently trying to save for our first mortgage to then buy a home and would like some info about this?


Also any information on how the help to buy works, does it have to be a new build house as a lot of new build houses are about £150,000 and we were looking at a joint £80,000-£100,000 mortgage?


thanks

Help To Buy Equity Loan is newbuild only.

Help To Buy Mortgage Guarantee is for both. It increases the availability of 95% mortgages.

The latter does not lend you 20% of the purchase price towards your deposit though.

http://www.helptobuy.org.uk/