Help to Buy
The Government runs a Help to Buy scheme to assist people to purchase a house on the open market. The scheme includes; Equity Loans and Mortgage Guarantees.
This is aimed at people who may be able to pay a mortgage but haven’t got access to a big deposit. Buyers must have 5% of the purchase price, the rest of the deposit is paid as a loan by the Government. Please note, these are not loans provided by South Lakeland District Council.
Mortgage guarantee scheme
This scheme offers lenders the option to purchase a guarantee on mortgages where a borrower has a deposit of between 5% and 20%. For this option the buyer must have a very good credit rating with no recent defaults.
Help to Buy North West provides further information about the scheme and lists properties currently available to buy.