Help to Buy South’s free event is coming to Berkshire on Saturday, April 8.
Help to Buy South will be on hand to answer questions, and do the mortgage maths for those looking for their first or next property.
The Government backed Help to Buy Equity Loan Scheme allows would-be buyers to purchase a property with a 5% deposit. They can then borrow up to 20% of the property’s value as an equity loan, which is interest free for 5 years, and they would then need to raise a mortgage for the remaining 75% of the home.
The Shared Ownership scheme enables purchasers to buy however much of the property they can afford, starting from 25% ranging up to 75% with the initial purchase. Buyers then pay a low cost rent on the rest of the home. What’s more, purchasers may only require a mortgage deposit of 5% based on the share they purchase, which could be as low as just £3,000 to become a home owner.
The Help to Buy show will feature an array of exhibitors from housebuilders, to housing associations and mortgage providers from 10am to 4pm at Rivermead Leisure Complex.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here