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.
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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.