Help to Buy (or not) – government to end mortgage guarantee

Getting a foot on the housing ladder can be so hard it feels like the rungs are smeared with grease. So when the government stepped in with their Help to Buy scheme, it felt like a good thing. But now, after being launched in 2014, part of the scheme is coming to an end. The bit where the government guaranteed to back up to 95% of first time buyer mortgages will cease at the end of 2016 – so what next for first time buyers?

What can I do now?

Buying your first home is more than exciting – away from mum and dad and housemates with bad habits, it’s your own space where you can do whatever you fancy – like watching TV in your pants. Just because one part of the Help to Buy scheme won’t exist anymore, doesn’t mean you have to end your dreams of owning your own home – you just need a plan – and we can help you with that.

First up is saving for a mortgage we know – yawn – saving money is never fun but think of what you get at the end of it. If you’ve never owned your home before, it’s worth taking some time out to understand exactly what a first time buyer mortgage is all about so that you don’t get bamboozled by jargon like ‘interest only’ or fixed rate mortgage’ And once you’ve taken the plunge and decided to go for it, find out how you can maximise your chances at mortgage approval.

Where do I start?

So whether you’re a first time buyer or a property tycoon, for a mortgage that’ll suit you. Of course, once you’ve got that sorted, you’ll need to make sure you’re properly insured – you’ll usually find that buildings insurance is a must have as part of your mortgage terms, but make sure your contents are covered too. Whatever your needs, you can count on us for clear and impartial advice – simples. 

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