Thought this could be useful information for first time buyers.

There is currently a govenment scheme aimed at first time buyers whereby you can apply for a govenment loan for between 15% and 50% of the value of a property to use as a deposit. This loan is at a very low interest rate and you are allowed to go to a mortgage lender of your choice to obtain the mortgage for the rest of the purchase price.

Also, you are not restricted to only affordable housing properties, this loan can be used to purchase any property of up to a value decided by the scheme.

For advice, contact a good independent mortgage broker who should be able to advise you on how to apply and how this could help you.

do you know what the maximum property value is?

Hi Paul,

It will depend on where you are and your personal circumstances like income, debts etc

Feel free to call me and we can have a chat.

Dan