FTB mortgage support from Help to Buy

FTB mortgage support from Help to Buy

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Highest Loan To Value Purchase Mortgages And Remortgages - Low Rate Loans From £5,000 To £150,000 - Release Your Equity With An Equity Release Plan

Video transcript

Over 17,000 properties have been bought using the government`s Help to Buy scheme, with 88 per cent of those going to first-time buyers.

The government`s own figures also show that the average price has come in at £195,000, with more than three-quarters (77 per cent) of the deals taking place outside of London and the South East, showing that the scheme has had a nationwide effect.

Of the completed deals, close to 15,000 were bought via the equity loan method, which allows purchasers to buy with just a five per cent deposit and up to 20 per cent loan coming from the government.

It`s recently been announced that this part of Help to Buy will be extended until March 2020 to help stimulate house buying.

The second method is the mortgage guarantee, which provides assurances to lenders that the government will make up any losses sustained from offering higher LTV mortgages to prospective homeowners.

Whether you use a Help to Buy channel or not you utilise, you may want a number of mortgages to choose from and need help in finding the most suitable one for you from that selection, that`s where First Choice Finance comes in.

Our mortgage advisers will look at our panel of lenders for a deal that matches your needs and any options will be presented to you on a no-obligation basis, the final choice is always yours.

Discover more at firstchoicefinance.co.uk or by calling on 0333 003 1505 or 0800 298 3000.
 

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Homeowner Secured Loans
9.8% APRC. Representative example: Borrow £50,000 over 180 months. 60 months at 8.1%, £497.83 pcm fixed at 60% LTV. Then 120 months at 10.1%, £539.89 pcm variable. Total payable £94,656.60. Total cost of credit £44,656.60 (including: £795 lender fee, £985 broker fee & £42,876.60 interest). First Choice are tied to certain loan providers.

Mortgages & Remortgages
8.4% APRC.
Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)


Unsecured Personal Loans
REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Security is required on immovable property.



Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.

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