Contact Information

Forest of Dean District Council
Council Offices
High Street
Coleford
Glos
GL16 8HG

Tel: 01594 810000
council@fdean.gov.uk

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Help to Buy

Help to Buy: Equity Loans

The Help to Buy: Equity loans are open to both first-time buyers and home movers on new-build homes in England with a purchase price up to £600,000.
 
How it works
 
  • You’ll need to contribute at least 5% of the property price as a deposit
  • The government will give you a loan for up to 20% of the price
  • You’ll need a mortgage of up to 75% to cover the rest
 

Equity Loan Fees

 
You won’t be charged loan fees for the first 5 years of owning your home.
 
In the sixth year, you’ll be charged a fee of 1.75% of the loan’s value. After this, the fee will increase every year. The increase is worked out by using the Retail Prices Index  plus 1%.
 
For more information on the Help to Buy: mortgage guarantee scheme who can apply and to find out if you are eligible, please visit Help to buy - Equity Loan
 

Help to Buy: Mortgage Guarantee Scheme

 
The Help to Buy: mortgage guarantee scheme can help you buy a newly built home or an existing property with a deposit of as little as 5%. This scheme is not administered via Help to Buy Agents; you must contact participating lenders directly for more information.
 
How it works
 
The scheme works by offering lenders the option to purchase a guarantee on mortgages where a borrower has a deposit of between 5% and 20%.
 
Eligibility
To qualify for the mortgage guarantee scheme, you must pass lender affordability checks and have no history of difficulties in meeting debt payments.
 
For more information on the Help to Buy: mortgage guarantee scheme who can apply and to find out if you are eligible, please visit Help to buy - Mortgage Guarantee.