PROPERTY FOR SALE AND TO RENT ON THE CHESTERFIELD POST
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Scheme To Help First Time Buyers Is Extended
Thursday 25th September 2014 A scheme to get house buyers in Chesterfield on the first step of the property ladder is being extended so applicants can buy homes costing up to £150,000.
The Local Authority Mortgage Scheme (LAMS), called Local Lend a Hand, is available to first time buyers who can afford mortgage repayments and have a 5% deposit.
It enables them to get a 95% mortgage from Lloyds Bank on a similar interest rate to a 75% one. READ MORE...
First Time Buyers Boost For Derbyshire
Tuesday 12th February 2013 Dozens of first time buyers will be supported onto the property ladder after Derbyshire County Council approved a £2m investment in schemes to help secure mortgages and boost the local economy.
The authority's cabinet yesterday (February 11th) agreed to join forces with LloydsTSB to launch the Derbyshire Lend a Hand Scheme.
Once the legal formalities between the County Council and LLoydsTSB are completed, first time buyers, who meet the scheme's criteria, will be eligible for a mortgage with a preferential interest rate if they can raise a 5% deposit. READ MORE...