08:00 – 17:30

Monday to Friday

Fort Fareham Business Park

Fareham PO14 1AH
Temple Mortgage - Mortgages And Protection
12th November 2019

08:00 – 17:30

Monday to Friday

Fort Fareham Business Park

Fareham PO14 1AH

Help To Buy

For those who need a helping hand getting on the property ladder there are a range of ‘help to buy’ options available from the Government.

Our mortgage advisers are able to guide you through the process of getting a suitable mortgage that works with the schemes and your individual situation, as well as applying for your preferred scheme.

Help to Buy Shared Ownership

This scheme allows first time buyers to buy a percentage of their home’s (25%-75%) value and pay rent on the remaining share. There is the option to buy a larger share at a later date when it is more affordable.
Shared ownership properties are always leasehold. For full information on the scheme visit https://www.helptobuy.gov.uk/shared-ownership/

Help to Buy Equity Loan

If you are struggling to save the full 10% deposit this could be option for you. The government will loan up to 20% of the value of a new build home, allowing you to pay a 5% cash deposit and obtain a 75% mortgage.

Loan fees are not paid within the first 5 years of owning your new home, in the 6th year you will be charged 1.75% interest. For full information on the fees payable visit https://www.helptobuy.gov.uk/equity-loan/equity-loans/

Help to Buy Armed Forces

This scheme is run through the Join Personnel Administration and is aimed at military personnel who have completed their minimum length of service and still have more than 6 months to serve upon application.

It allows you to borrow up to 50% (maximum £25,000) of your salary to help with the deposit and costs associated with buying your first home. The interest free loan is then repaid over a 10 year period.

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