March 27, 2019
The Help to Buy Scheme has now closed to new applications. Builders may be offering shared equity and other promotions, but these are not backed by the Government, as Help to Buy was.
For first time buyers, the biggest hurdle to buying a house is often the deposit needed. That’s why the government has introduced the Help to Buy scheme, designed to help more people achieve their dream of owning their own property.
Help to Buy allows you to take out an equity loan from the government, of 15% of the property value. That means you need to save a deposit of just 5%, and in total, you’ll only need an 80% mortgage on your home.
There is a wide range of Help to Buy houses available in and around Newcastle and Gateshead. Take a look to find out more about each area.
Love the buzz of the city? We can see why – there’s lots to love about being close to all the amenities of a town centre, including shops, restaurants and leisure facilities. Check out the central Help to Buy Gateshead and Newcastle properties.
Help to buy properties available in Central Newcastle & Gateshead: City Edge
Out towards the Northumberland coastline, you’ll find beautiful beaches, stunning scenery and charming towns and villages. If you like the idea of the quiet life whilst still having the amenities of Newcastle and Gateshead close by, then take a look at the Help to Buy properties in the northeast.
If you like the idea of living in the countryside, you’ll love the towns and villages to the northwest of Gateshead and Newcastle. All within easy commuting distance of the Toon, these Help to Buy homes make homeownership more affordable.
There are lots of great places to live southeast of Gateshead and Newcastle as you head towards the city of Sunderland. Stay close to the A1 for easy commuting access to the major towns, or move further afield for a more rural experience.
Help to buy properties available in South East Newcastle & Gateshead: None currently available
Nature lovers will love the areas southwest of Newcastle and Gateshead, between the towns and the North Pennines Area of Outstanding Beauty, a beautiful area of open heather moors, peatlands, dales and woodland.
Help to buy properties available in South West Newcastle & Gateshead: None currently available
If you need advice for first-time buying in Newcastle or Gateshead – or if you’re looking for a reliable mortgage broker in the North East – don’t hesitate to contact us today.
We’re experts on all things mortgage-related (and our services are always 100% free).
March 27, 2019
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