Help to Buy

The Help to Buy Mortgage Guarantee Scheme helps you buy a home with a deposit of as little as five per cent of the price. The guarantee is provided to your lender – not to you.

To qualify for a Help to Buy mortgage guarantee, the home you want to buy must:

  • sell for £600,000 or less
  • not be a shared ownership or a shared equity option (such as Co-Ownership or a shared equity option under the House Sales Scheme)
  • not be a second home
  • not be a property you are buying to let

The property can be newly built or already existing.

You don’t have to be a first-time buyer, you can be looking to move home, and there’s no limit on your level of income.

But you can’t use Help to Buy with any other publicly funded mortgage scheme, or an interest-only mortgage.

Most major UK lenders and local banks in Northern Ireland all offer mortgages under the scheme.

Different lenders specialise in different products and have different lending criteria. By having a wide panel of lenders, Mortgage Services Cookstown can provide a far wider range of mortgage options to people than if we only worked with one particular lender or an individual bank.

The government has a website which comprehensive explains the help-to-buy scheme and has a number of leaflet and booklets which can be downloaded which explain the help to buy scheme.

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