Help to Buy
The Most Suitable Mortgage Advice


‘Help to Buy’ - designed by the Government and introduced to help people get mortgages with low deposits. Open to First Time Buyers and Next Time Movers, the schemes are available to individuals that do not own another residential or BTL property at the time of completion.
‘Help to Buy Equity Loan’ - this allows access to the mortgage market with as little as 5% deposit, with up to an additional 20% provided by the Government on New Build properties (only up to the value of £600,000).
The Government equity loan is free of payment and interest charges for the first five years. Interest is then charged from year five onwards. Full details of which are available from the Government Help to Buy websites. When your home is sold you repay the Government the initial percentage borrowed, based on the value of the sale.
With only a handful of lenders offering Help to Buy products it’s more difficult to find the right solution on your own. Such schemes need the benefit of a professional advisor to guide you through the maze of terminology and products available. We can help you find the most suitable product and provider.
To see if "Help to Buy" can help you get on to the property ladder, call Riviera Mortgages today for a free initial no obligation consultation.
Think carefully before securing other debts against your property; your property may be repossessed if you do not keep up repayments on your mortgage.
Riviera Mortgages charges an arrangement fee up to £495 for arranging your mortgage, the precise amount will depend on your circumstances and the amount of work undertaken. The exact fee will be confirmed before you apply for your mortgage, this is payable on application and is non-refundable. We will also be paid a fee from the lender.
Contact us
Address
26 Walnut Road
Chelston
Torquay
TQ2 6HS
Call Us
01803 500190
Email Us
enquiries@rivieramortgages.co.uk