Discounted mortgages scheme for first time buyers
We work with a number of partners across the county to provide support for first-time buyers in raising a deposit for a mortgage.
Under the schemes, first-time buyers only have to provide 5% of the property price, whilst enjoying the same benefits they would if they were making a 25% deposit – such as lower fixed interest rates and lower monthly repayments.
The scheme is not available for new-build properties. For more information download the Local Authority Mortgage Scheme factsheet [PDF].
Schemes vary slightly from district-to-district, depending on where the property is that you would like to buy. The scheme is still available in the following districts:
Joint schemes funded by Nottinghamshire County Council and Ashfield District Council with a maximum house price of £125,000.
Joint schemes funded by Nottinghamshire County Council and Ashfield District Council with a maximum house price of £130,000.
Joint scheme funded by Nottinghamshire County Council and Broxtowe Borough Council with a maximum house price of £150,000.
The scheme is provided by Lloyds Banking Group, call into any branch for details.