In the past few years, housing developers have been able to offer schemes to purchasers of newly-built properties to assist with funding the deposit required for the purchase. These usually fall under the umbrella of the various Government “Help to Buy” schemes.
Help to Buy : Equity Loans take the form of a loan from either the government or the house builder (or a combination of both), which are secured by a further mortgage on your property. As these loans tend to only be interest-free for a limited period, many homeowners choose to obtain an additional loan amount from their existing mortgage lender or choose to re-mortgage their property and repay their existing mortgage and the Help to Buy : Equity Loan.
If you are interested in using Ryan Property Law to help you with your Help to Buy redemption, please click on the link for a free, no-obligation quotation, which will include all sums that you might be expected to pay during the transaction.
"All staff at Ryan Property Law are knowledgeable, professional, reassuring, compassionate and know when to provide extra reassurance through a stressful process. "Nigel & Linda, Newcastle upon Tyne
The Law Society's Conveyancing Quality Scheme (CQS) provides a quality standard mark for lawyers in residential conveyancing is also recognised by many mortgage lenders. We were one of the first firms in West Yorkshire to be awarded the accreditation.