Help to Buy - 5% Deposit, 20% Goverment Deposit, 75% Mortgage.

[Paul Baldwin]

Dum-Dum raises a very good point about new builds. I live in a small town/village that has been altered dramatically by the local council with the people they have dumped on us from around and about with their social housing. Barrats Orchard was known as Benefits Orchard before they even finished building it lol

Speak to an independent adviser by all means but be aware they just want that tidy commission they get when they get you to sign up.

Themoneysavingexpert forum is a good place for info. Just skim reading similar situations people have could prove very useful.

As for interest rates. See what fix you can get for the longest term at the lowest interest rate you can find and afford? Rates are some of the lowest they have ever been so as far as I can see it they can only really go up or possibly drop again by a very small margin. Then you just need a backup plan when it comes to the end of the term in case the rates have changed massively for the worse when it comes to renew.

http://www.telegraph.co.uk/finance/perso...eaper.html

All depends on how much deposit you are have and how much you want to borrow but they reckon the one above is the cheapest 10 year fix ever.