First Help to Buy property purchase completes
The first house purchase through the government's Help to Buy mortgage scheme has completed.
According to a report in the Financial Times, a first-time buyer bought a two-bedroom flat in Dartford, Kent, for £153,500. The borrower purchased her property with a 5.5% deposit through Halifax, part of Lloyds Banking Group.
Providing homebuyers have a sufficient income, it is possible to purchase a property up to the value of £600,000. Trinity has access to Halifax's 5% deposit Help to Buy mortgage and it is fixed for two-years at 5.19%. It has a £995 arrangement fee.
Initially, the government announced that borrowers would not be able to complete on a Help to Buy mortgage before the start of the new year.
November 8, 2013
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
