Bad Credit Mortgages we offer:

Help to Buy Scheme for First Time Buyers

5% Deposit Needed.
20% Equity Loan (40% in London).
Bad Credit Accepted.
First Time Buyers.
New Build Properties Only.

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Help to Buy Scheme for First Time Buyers

The governments help to buy scheme was launched in 2013 to stimulate the housing market by helping first time buyers and homemovers purchase a new build property with a smaller deposit of 5%, and the government will provide an equity loan of up to 20% of the property’s value or 40% if the property is located in London.


What is an equity loan?

The government through the help to buy scheme will provide you with a loan which you have to use as part of your deposit to buy a property.

Let’s assume the property is based outside of London, so therefore you can get an equity loan of up to 20% of the property value, so if the property is valued at £300,000, you could get an equity loan of £60,000.

If the property was based in London and valued at £450,000, you could get an equity loan of up to £180,000.

Please note that the Help to buy scheme is only available on properties valued up to £600,000.

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What to Expect from The Money Hub

We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your mortgage

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your mortgage being accepted

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