Assistance is available to help people to buy a house with a value of up to £600,000, subject to affordability and credit checks, with a deposit of just 5%.
These mortgages are available from Lloyds, Santander, Barclays, HSBC and NatWest. Virgin Money will be joining the scheme during May 2021.
To qualify for this new help scheme, mortgage applications must:
The scheme is a temporary measure and is available from April 2021 to December 2022.
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If you need financial advice you can locate an adviser on the Personal Finance Society website below.