Happy Customers

"Carol Bailey has been really amazing from start to finish in the whole home selling deal. she was our main port of call throughout the process. They as National Home buyers did exactly what they promised to do valued the property at a fair price. we agreed and kept there promise and time scale though […]"

Mrs. H, Devon

"We were really pleased with the service we received and it did exactly as it said on the tin. Dad is now out of hospital and has cash in the bank, which has meant he can see his Grandchildren enjoy their inheritance."

Mr B, Burnley, Lancashire

Help To Buy Lenders May Not Offer The Best Rates For Low-Deposit Mortgages

The government’s Help to Buy mortgage guarantee scheme allows lenders to offer higher loan-value loans by guaranteeing up to £12 billion of lending. Since its early introduction in October last year, more than 6,000 applicants have applied for mortgages through Help to Buy participating banks. However, it may be possible for buyers to secure a better deal without using the Help to Buy scheme.

There are a number of building societies, such as the Yorkshire Building Society, who are offering 95pc mortgages for lower rates than the Help to Buy banks. With a lower interest rate your monthly payments would work out lower and save you money in the long run. Fixing your interest rate for as long as you can could also save you more money, as financial analysts are predicting that interest rates will rise within the next 2 years.

If you only have a 5pc deposit to put towards buying a property make sure that you look for the best deals across the mortgage market, as the best deals may not be with the Help to Buy backed lenders.  You should also consider that interest rates are predicted to rise in the next two years, so you could face much higher interest rates when your fixed period ends. What seems like a great deal now may not be so good if the interest rates skyrocket.

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