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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:

Ashfield

Joint schemes funded by Nottinghamshire County Council and Ashfield District Council with a maximum house price of £125,000.

The schemes are provided by Lloyds Banking Group and Mansfield Building Society, call into any branch for details. 

Bassetlaw

Joint schemes funded by Nottinghamshire County Council and Ashfield District Council with a maximum house price of £130,000.

The schemes are provided by Lloyds Banking Group and Mansfield Building Society, call into any branch for details. 

Broxtowe

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. 

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