Tha Lifestyle Dec,2013 | Page 7

tha lifestyle W hat is Help To Buy Scheme and Is it only for Newly Built Properties? The answer is NO. Help to buy scheme is designed for both pre owned and newly built properties. There are two kind of schemes a government equity loan of 20% of the purchase price plus a traditional mortgage. Mortgage Guarantee: The UK government has extended its Help to Buy Scheme in October 2013 to make it possible to purchase any property whether newly built or pre owned with just 5% | Business & Finance £600,000. Participating Banks: RBS/NatWest and the Halifax. Santander, HSBC, Virgin Money, Lloyds, TSB and Aldermore all saying th