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Mortgages

Help to Buy

Help to Buy is a new government backed initiative set up to help first time buyers and those looking to move up the property ladder to purchase a property with as little as 5% deposit. 

These loans are not available for buy-to-let landlords or second home owners or for a shared ownership purchase.

To qualify for the scheme, Help to Buy Properties must be:

  1. Priced below £600,000 (In Scotland and Wales the limit is £300,000)
  2. Full ownership
  3. New build

The government equity loan scheme is only available from approved participating house builders, many of which we are aware of.

To be eligible for a help to buy scheme you should be able to:

  • Be able to demonstrate funds or savings to pay for the required deposit which may be between 5% and 55% of the purchase price, legal fees, stamp duty and costs of moving
  • Have  a good credit history
  • Take out a mortgage with a  qualified lender (bank or building society)
  • Remove your name from any other property deed at or prior to completion of your new property if you are a home owner wishing to buy a larger property for your family
  • Over 18 years of age
  • Not planning to sublet
  • Existing properties cannot be rented out to buy a second home through the Help to Buy Scheme

Largemortgageloans.com has access to over 60 lenders that can assist with help to buy mortgages and guide you through the process. 

  • This Month's Top Fixed Rate

    Fixed rate
    Initial rate: 1.14%

    Period: 2 Year

    Rate will revert to the lender's standard variable rate currently 3.74%
    The overall cost for comparison is 3.34% APR

    1.14%

    More info
  • This Month's Top Variable Rate

    Variable rate
    Initial rate: 1.18%

    Period: 2 years

    A variable rate which is 3.49% above the lender's Base Rate, currently 0.25% thereafter, to give a current rate payable of 3.74%
    The overall cost for comparison is 3.39% APR

    1.18%

    More info

    Get This Rate


Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.

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London Office

Tel: 020 7519 4900
Fax: 020 7519 4910
Email: info@largemortgageloans.com

Guernsey Office

Tel: 01481 234527
Fax: 020 7519 4910
Email: info@largemortgageloans.com

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Changes in the exchange rate may increase the sterling equivalent of your debt

Largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 302228 which can be viewed here: www.fca.org.uk/register/. The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice. Help and advice in regards to mortgages is available at www.moneyadviceservice.org.uk

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission as a Non-Regulated Financial Services Business.

A typical fee of 1.17% of the mortgage amount is payable. Of this, 20% is payable on application and the balance of 80% on completion. For example on a mortgage application of £300,000 the fee would be £3,510 in total. Of this, £702 (20%) would be payable on application and the balance of £2,808 (80%) on completion. The total fee is non refundable. We may also be paid commission from the lender. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Calls may be recorded for training and monitoring.
You may have to pay an early repayment charge to your existing lender if you remortgage.

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