Help to buy a home
North Somerset first time buyer loan scheme
If you’re thinking about buying your first home, whether it’s a new-build or second-hand, we could help you by providing a loan of up to £5,000.
If you live in or have a connection to North Somerset, our first time buyer loan scheme is available to help you with your deposit, legal fees or moving costs.
First time buyer loan details
Our first time buyer loans are administered by Wessex Resolutions CIC on our behalf. They are an ethical lender who work in partnership with us to offer you a good deal.
There is a fixed Interest rate of 4.0% throughout the period of the loan (4.2% APR) with no early repayment charges.
You will have the flexibility to make lump sum reductions of £100 or more at any time and may even be able to delay the start of your repayments to allow you to settle into your new home first.
If you’re interested in the loan scheme and would like to know more, contact Wessex Resolutions CIC.
01823 461 009