If you are considering buying your first house there are many questions that you may have and many alternative types of mortgage that are available including interest only or repayment, then a number of interest rate choices such variable rate, tracker rate, and fixed-rate mortgages.
An independent mortgage adviser can help answer your questions and guide you through the process, advising you on the amount of deposit you require for specific mortgage products and any mortgage fees involved.
Please use our calculator below and complete the enquiry form an adviser will contact you to help you with your questions and find the mortgage that is right for you.
Equity Loan Mortgage Calculator
Whether you're a first-time buyer or already a property owner you could buy a new home with a small deposit of 5%, heres how.
How Help to Buy Equity Loans Work
- First time buyers and those already on the property ladder can apply.
- To qualify a 5% deposit is required.
- A 75% mortgage must be secured from your bank or building society.
- The remaining 20% of the property’s value is funded by an equity loan provided by the Government.
- House prices can’t be more than £600,000 in England and £300,000 in Wales.
Without Help to Buy
With Help to Buy
|Help to Buy Loan||£10,000||20%|
This calculator is provided to give you basic guidance only. This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs. Its important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errorsand recommend that you obtain exact figures from a specific lender before committing to any mortgage.