The Mortgage Advice Bureau is a leading mortgage advice service with over 1,400 advisers across the UK.
The Mortgage Advice Bureau offer expert mortgage advice to consumers, both face to face and over the phone on a broad range of topics, such as; first time buyers, Help to Buy, new build, remortgaging, and even tips on how to improve your credit score.
Help to buy is a government initiative, aimed at first time buyers to assist with getting on the property ladder, but is also available to existing home owners.
The scheme is for new build homes of up to £200,000, and the Scottish Government could assist with up to 15% of the price of the property as an equity loan.
The Scottish Government First Home Fund is a £150 million shared equity pilot scheme offering first time buyers up to £25,000 or up to 49% of the property valuation figure or the purchase price (whichever is lower).
To be eligible as a first time buyer, you should not own, or previously owned (solely or jointly) any property in the UK or abroad at any time. In addition, a minimum deposit of 5% of the purchase price (subject to individual lender requirements) is required, and your mortgage must be at least 25% of the purchase price.