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: