Do you imagine possessing your own home, but find you simply can’t afford it presently? If so, you could be lucky since there are grants for buying a home which you might qualify for. Mortgage guarantees are one of the house buying schemes you will wish to check into. With this particular guarantee programme, you’ll find you can buy a home with a down payment as little as 5 percent of the complete price. New buyers are not really the only individuals who will be qualified for this programme either. Home movers see they may take part, and one can purchase either a new-build house or one that has been pre-owned. There are stipulations using this government scheme. The home has to have an asking price of at most £600,000, and it can’t be the second residence. In addition, it cannot be regarded as a shared equity or shared ownership house. It needs to be your own property, and you also are required to live in this home once you buy it. This programme is open to everyone, no matter what income, as long as the borrower satisfies the demands of the loan originator, and the government will be the party guaranteeing the mortgage loan. As a final point, you cannot merge the program together with another home loan plan or utilize the scheme for your home loan which is interest only. If you wish to buy a residence, make sure to explore this scheme. It could be just what you need to make your dream come true.