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Firstbuy Scheme, Glasgow Conveyancing Solicitors and Glasgow Conveyancing Lawyers

Are you a First Time Buyer? Buying a new house or flat? Our Glasgow Law Practice conveyancing lawyers and conveyancing solicitors in Glasgow note the introduction of a Government scheme to assist first time buyers, the Firstbuy Scheme.

The Firstbuy scheme was introduced in this weeks Budget and is aimed at helping first time buyers to get on to the property ladder. Our Glasgow property lawyers and Glasgow estate agents can assist all potential house buyers including first time buyers.

The £250 million scheme means first time buyers can obtain a loan from house builders and the Government to purchase a newly built home. First time buyers require a 5% deposit (of the value of the property) and the Government and the housebuilders put up 10% each through an equity loan. This allows the first time property buyer to qualify for a 75% loan to value mortgage.

The equity loan is interest free for the first five years. Our Glasgow Law Practice conveyancing lawyers can guide you through the process of buying your first property. Call our property team now on 0845 270 1858 to take the first steps towards your new home.