Hawk Rise, Ledbury development

• 5 Percent Deposit Mortgages
• 5 Percent Deposit
• 5 Percent Deposit Scheme
• 5 Percent Deposit Houses
• 5 Percent Deposit Home Loan Australia

Our new NHS 5% Deposit Scheme is our way of saying a heartfelt thank you to all NHS employees, who have shown such courage in the face of the COVID-19 crisis. How does it work? To show our gratitude all NHS employees will be offered a 5% contribution towards their deposit, up to £15,000. The scheme sees NHS employees receive a 5% contribution towards their deposit, up to £15,000, to help them buy a new home as a thank you for their hard work during the COVID-19 crisis. The incentive has helped NHS workers across areas of Staffordshire, Shropshire, Oxfordshire, Worcestershire, Cheshire and Warwickshire with 45 properties reserved.

Since the launch in May of the NHS Deposit Contribution Scheme, Worcestershire developer, Barratt Homes West Midlands, have helped 45 NHS employees secure a new home.

The scheme sees NHS employees receive a 5% contribution towards their deposit, up to £15,000, to help them buy a new home as a thank you for their hard work during the COVID-19 crisis.

The incentive has helped NHS workers across areas of Staffordshire, Shropshire, Oxfordshire, Worcestershire, Cheshire and Warwickshire with 45 properties reserved.

The NHS incentive can also be used in conjunction with the government help to buy scheme, offering further support to those looking to purchase their first home.

Tanya Silk, Sales Director at Barratt Homes West Midlands, said:

“It’s brilliant to see NHS workers in Worcestershire are making use of the NHS Deposit Contribution Scheme. The National Health Service has worked incredibly hard during the COVID-19 pandemic and we are really pleased that the scheme is already benefiting those who deserve it the most.”

The developer has a range of properties available in Worcestershire at Henbrook Gardens, Stoke Prior, Bromsgrove.

5 Percent Deposit Mortgages

Barratt Homes’ developments are now open on an appointment only basis, please call the sales line on 0333 355 8475 or visit the website Barrat Homes.

5 Percent Deposit

FHLDS update: 10/2/21

On Wednesday 3 February, the Australian Government announcedaround 1800 First Home Loan Deposit Scheme (FHLDS) places from the 2019-20 financial year would be rolled over into this current financial year.

Eligible first home buyers can now apply for one of these First Home Loan Deposit Scheme (FHLDS) placesthrough a participating lenderbefore 30 June 2021.

These Scheme places are part of theFirst Home Loan Deposit Scheme, not theFHLDS (New Homes)– the key difference being that the FHLDS guarantee can be used foreligible new and existing homes. Standard income and prior property ownership tests, and minimum age, citizenship, owner-occupier and deposit requirements still apply.

On 1 July 2021, another 10,000 FHLDS places will be available for the 2021-22 financial year.

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5 Percent Deposit Scheme

The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative to support eligible first home buyers to build or purchase a new home sooner. The Scheme is administered by the National Housing Finance and Investment Corporation (NHFIC).

Usually first home buyers with less than a 20 per cent deposit need to pay lenders mortgage insurance. Under the Scheme, eligible first home buyers can purchase or build a new home with a deposit of as little as 5 per cent (lenders criteria apply). This is because NHFIC guarantees to a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible first home buyer’s home loan.

5 Percent Deposit Houses

In the 2020-21 Federal Budget, the Australian Government announced an additional 10,000 FHLDS places for the 2020-21 financial year, specifically for eligible first home buyers building or purchasing new homes. These additional places are known as the First Home Loan Deposit Scheme (New Homes) or FHLDS (New Homes).

There are currently 27 participating lenders across Australia offering places under the First Home Loan Deposit Scheme.

5 Percent Deposit Home Loan Australia

To find out more information about the First Home Loan Deposit Scheme and the FHLDS (New Homes), please select an option below: