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Nottinghamshire County Council - Proud of our past, ambitious for our future
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Buying a house

Discounted mortgages scheme for first time buyers

Nottinghamshire County Council works 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.

Hundreds of first time buyers around the county have already benefitted from the schemes. The Council hopes that stimulating the local housing market will provide an economic boost for Mansfield by benefiting a range of businesses, from DIY shops, estate agents and electricians to furniture stores, plumbers and builders.

The scheme is not available for new-build properties.

Schemes vary slightly from district-to-district, depending on where the property is that you would like to buy. Full details are below:

Joint schemes funded by Nottinghamshire County Council and Ashfield District Council.

Maximum house price: £125,000.

Providers: Lloyds Banking Group and Mansfield Building Society.

Call into any branch of Lloyds Bank or Mansfield Building Society for details.

Joint schemes funded by Nottinghamshire County Council and Ashfield District Council.

Maximum house price: £130,000.

Providers: Lloyds Banking Group and Mansfield Building Society.

Call into any branch of Lloyds Bank or Mansfield Building Society for details.

Joint scheme funded by Nottinghamshire County Council and Broxtowe Borough Council.

Maximum house price: £150,000.

Provider: Lloyds Banking Group.

Call into any branch of Lloyds Bank for details.

Scheme funded by Gedling Borough Council.

Maximum house price: £118,750.

Provider: Lloyds Banking Group.

Call into any branch of Lloyds Bank for details.

Scheme funded by Nottinghamshire County Council.

Maximum house price: £150,000.

Provider: Lloyds Banking Group.

Call into any branch of Lloyds Bank for details.

Scheme funded by Nottinghamshire County Council.

Maximum house price: £150,000.

Provider: Lloyds Banking Group.

Call into any branch of Lloyds Bank for details.

Scheme funded by Nottinghamshire County Council.

Maximum house price: £150,000.

Provider: Lloyds Banking Group.

Call into any branch of Lloyds Bank for details.

Find out more

Download the Local Authority Mortgage Scheme factsheet [PDF] to find out more about the scheme.

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