First Time Buyers to Consider ‘Help to Buy’ Scheme

 First Time Buyers to Consider ‘Help to Buy’ Scheme Petty’s are suggesting  first time buyers and movers to take advantage of Phase II of  the Government’s Help to Buy scheme, which is now set to launch in just a few days time. Phase II of the scheme, which was set to go live in January 2014 but has been brought forward by three months, allows mortgage lenders to guarantee up to 15% of the value of a mortgage loan where the buyer only has a small deposit (around 5% or more). The £12bn scheme, which will underwrite about £130bn of mortgages over the next three years will also mean that the lender will then be able to claim on the guarantee if the property is ever repossessed or sold at a loss. […]