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.

NewBuy and MI New Home schemes

Halifax and Bank of Scotland are supporting the Government's NewBuy and MI New Home schemes. The schemes aim to assist buyers who have a deposit of between 5% and 10% to buy a new build home.

We are working with selected builders to offer mortgages under this scheme and you can apply for a NewBuy mortgage through Halifax branches or MI New Home mortgage through Bank of Scotland branches.

To find out more, read our NewBuy Scheme Factsheet (PDF). Alternatively, visit the official NewBuy website or MI New Home Websites or speak to your builder.

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