Newbuy

A scheme launched by the Government in March 2012 to help first time buyers and housebuilders alike. The first time buyer needs to have a 5% deposit. The housebuilder guarantees 3.5% and puts the cash into a separate account, and the government guarantees 6.5%. So in theory the lender looks at the mortgage as if it is an 86% LTV (loan to value ratio) mortgage, which should be cheaper.

Jargon Buster

Use the links below and the resulting list of terms on the right to locate the term you are looking for. If you can't locate it, please get in touch.

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
keyboard_arrow_left

keyboard_arrow_right

We have loads of great customer reviews