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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.

Equity loans

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. 

Help to Buy equity loan advice

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.