The Help to Buy Equity Loan scheme primarily focused on facilitating the purchase of new build properties. With the scheme coming to an end, most other schemes are not limited solely to new builds.
For those specifically interested in buying new build properties in Newcastle, there are still schemes available that cater to these circumstances. These schemes aim to help first time buyers in Newcastle by offering the potential for a discounted purchase price, subject to meeting the eligibility criteria.
It’s worth noting that if you choose to sell the property in the future, you would be required to discount the sale price as well. This approach aims to encourage an ongoing chain of affordable home buying for future generations in Newcastle. It’s important to understand that not every scheme will be suitable for everyone, and careful consideration should be given to the specific terms and conditions of each scheme.
Your trusted mortgage broker in Newcastle will assess your individual situation and provide personalised recommendations based on your needs and circumstances. They will guide you through the available options, helping you choose the most suitable schemes that align with your goals and preferences.