Government schemes

Halifax supports a range of government backed initiatives to help people buy a home. So whether you're a first time buyer or moving home, there could be a scheme that's right for you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Help to Buy Mortgage Guarantee Scheme

Halifax is supporting the second part of the Government's Help to Buy scheme
(Mortgage Guarantee) which provides a guarantee to lenders, enabling them to provide mortgages up to 95% loan to value. The scheme aims to help both first time buyers and home movers who have deposits of at least 5% to buy a property in the UK. For more details speak to a mortgage advisor or go to the Help to Buy scheme website.

Help to Buy Equity Loan Scheme

Halifax is supporting the first part of the Government's Help to Buy scheme (Equity Loan) which launched on 1st April 2013. The scheme aims to help both first time buyers and home movers who have deposits of at least 5% to buy a new build home through offering a shared equity scheme whereby the Government lends customers up to 20% of the value of their property in England and Scotland. For more details speak to a mortgage advisor or go to the
Help to Buy scheme website.

Forces Help to Buy

Halifax is supporting the Governments MoD Forces Help to Buy scheme, which allows forces
personnel to borrow up to £25,000 interest free (repaid over 10 years) to use as a deposit when
buying a property to be used as their main home.

To find out more, advice is available to forces personnel through their Chain of Command and
personnel agency. Information is also available on the Government website.

You can apply for a mortgage through Halifax branches or over the telephone; remember to tell
the mortgage advisor the deposit is being provided through the Forces Help to Buy scheme.

Right to Buy

Halifax is supporting the Government's Right to Buy scheme, which assists people who are renting their home from a Local Authority (or the Local Authority's nominated housing provider e.g. Housing Association) to buy the property at a discounted price. Depending on the level of discount offered, buyers may not need a personal deposit.

To find out more, contact your local authority they will be able to advise if you qualify, confirm the level of discount that may apply and give you details of other scheme rules. More information is available on the Government website.

You can apply for a Right to Buy mortgage through Halifax branches or over the telephone.

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