Help To Buy is a new scheme valid from April 2013 which makes it possible for first time buyers and existing homeowners to get on or trade up the property ladder even if they have very little funds for a deposit.

You could buy your first home with just 5% deposit.

You get to own 100% of your new home whilst having a 75% mortgage. The 20% remaining is given to you as a loan from the Government.

Here’s an example:

House price £150,000
5% deposit from you £7,500
20% deposit as a loan provided to you of £30,000
Mortgage £112,500

This scheme is available on all Lagan Home properties up to a value of £600,000.

The 20% deposit is an interest free loan for 5 years which you can decide to pay off over the 5 years or settle if you decide to sell your home. You’ll pay 20% of the sale price.

Help To Buy is an excellent way for those with low deposits or equity in another house to enable them to buy. It means you can also have lower mortgage payments as you are borrowing less.

There are certain rules about who can and who can’t take advantage of Help To Buy. Further information can be provided by our Sales Advisers and Independent Financial Analysts.

Please feel free to read this document from our Mortgage advisers, JLM Mortgage Services, which explains everything in full.

Only a limited number of homes are offered with Help To Buy so, for more information contact the Sales Adviser at any of our sales centres for more information.