Spiralling house prices, tight mortgage lending criteria and the requirement for huge deposits have made it increasingly difficult for individuals, couples and families to buy their first home.

However, with the help of the government backed Help to Buy scheme it is now possible for first time buyers (that couldn’t otherwise afford it) to get on that all important first rung of the property ladder.

There are two parts to the scheme:

Help to buy equity loan – this scheme is only available on new build properties that have a purchase price of up to £600,000. It is available to both first time buyers and existing homeowners, but the property you buy must be your only residence and is not available to buy to let investors.

You will only need a 5% and the government will lend you up to 20%. A mortgage will need to be applied for from a commercial lender for the remaining 75%.

Help to Buy ISA – a help to buy individual savings account (ISA) is a high interest savings account available for people buying their first property and is available at most high street banks and building societies.

You can earn up to 2.53% interest tax free and then the Government will add 25% free cash on top of what you save providing you and the property purchase meet the qualifying criteria.

The ISA can be used for a property with a full market value of up to £250,000 (outside of London).

Our team fully understands the complexities around the help to buy scheme and can help you purchase your first property with ease.

Check out what some of our past clients have to say about our residential conveyancing team and service here

Obtain your no hidden costs conveyancing quote below or call us on 0191 567 0465.

What our clients say

Abbey dealt with the sale of my property which recently completed. She was calm, assured and highly competent throughout the process. She is a credit to the firm.

Ben (North East)

Just wanted to drop you a line to acknowledge the fantastic work Ian Cowan and Sharon Hepple did getting a purchase through in full for me during lockdown. It was done and dusted in a matter of days and both were very helpful and responsive. I look forward to working with them on future investment property purchases.

Angus (Sunderland)

I found Mrs Mustard extremely helpful. She put me at ease and covered everything I needed to know regarding the Will I was setting up. I was very satisfied with the way my Will was done by her. A BIG THANK YOU.

Lillian (Sunderland)

Closing a loved ones estate is upsetting and stressful. You took the burden from me. Thank you.

Christine (Houghton-le-Spring)

As always Alison Henry has provided a first class, professional and knowledgeable service. Thank you.

Jill (Washington)

Superb, efficient service.

Ellen (Leeds)

Excellent service. Very prompt at responding to queries. Fantastic value for money for the services they provide. Can't recommend enough.

Paula (Chester-le-Street)

I just want to thank you and your entire team for your service. It was professional and excellent, I was always kept informed. I would not hesitate in recommending Richard Reed to anyone seeking conveyancing services.

Wendy (Sunderland)

Fantastic service from a great team.

Jill (Northumberland)

A superb, personal service was provided in very difficult and stressful circumstances. Timescales were adhered to in-spite of difficulties outside of anyone's control. Staff were helpful, friendly and utterly professional. I would not hesitate to recommend you to others.

Stuart (Upminister)

We were notified at every stage in the proceedings during preparation of our Wills, and are very happy with the pleasant service and information given. Thank you.

Brian (Sunderland)

Removing the stress out of property transactions at a competitive cost.

Help to Buy

Obtain your no hidden costs conveyancing quote below or call us on 0191 567 0465.

What our clients say