Expert Advice on Government Mortgage Schemes in Bristol & Bath
Making Homeownership More Accessible with Government Schemes
Government mortgage schemes are designed to make homeownership more achievable, especially for first-time buyers and those with smaller deposits. At Strong Mortgage Solutions, we provide expert advice on navigating these schemes in Bristol, Bath, and surrounding areas.
Whether you're exploring Shared Ownership, Deposit Unlock, or Right to Buy, we simplify the process, ensuring you understand your options and eligibility.
Book Your Free Government Scheme Consultation and take the first step towards homeownership.
Key Government Mortgage Schemes We Support
Shared Ownership
Shared Ownership allows you to buy a portion of a property and pay rent on the remaining share. This can be a great option if you can’t afford to buy a home outright.
How Shared Ownership Works:
- Purchase a Share – Typically between 25% and 75% of the property’s value.
- Pay Rent – Rent is paid on the remaining share, usually to a housing association.
- Staircasing – Increase your ownership share over time, potentially up to 100%.
Eligibility Criteria:
- Your household income must be less than £80,000 (or £90,000 in London).
- You must be a first-time buyer, or have previously owned a home but can’t afford to buy again.
Common Misconceptions:
- "I can’t sell my home if I buy through Shared Ownership."
- Truth: You can sell your share at any time, and housing associations will often assist with this.
- "I’ll be stuck paying rent forever."
- Truth: You can increase your ownership percentage over time.
Deposit Unlock
Deposit Unlock is designed for first-time buyers and home movers, allowing you to purchase a new-build home with just a 5% deposit while accessing competitive mortgage rates.
How Deposit Unlock Works:
- Select an Eligible New Build Home – Offered by participating developers.
- Secure a Mortgage – Apply for a mortgage with a lender supporting the Deposit Unlock scheme.
- Purchase with Just a 5% Deposit – Benefit from competitive interest rates with a low initial deposit.
Eligibility Criteria:
- Available to first-time buyers and home movers.
- Purchase must be for an eligible new-build home.
- Standard affordability checks apply.
Common Misconceptions:
"It’s only for first-time buyers."
Truth: The scheme is open to home movers as well.
"I’ll pay higher rates because of the low deposit."
Truth: Competitive rates are available through participating lenders.
Right to Buy
Right to Buy helps eligible council and housing association tenants purchase their rented home at a discounted price.
How Right to Buy Works:
- Check Eligibility – Must be a secure tenant of a council or housing association.
- Receive Discount – Discount levels depend on how long you’ve been a tenant and the property type.
- Purchase Your Home – Secure a mortgage and buy your home, using the discount as part of your deposit.
Eligibility Criteria:
- You’ve been a council or housing association tenant for at least 3 years.
- The property is your main residence.
Common Misconceptions:
- "I can’t get a mortgage if I’m using Right to Buy."
- Truth: Many lenders accept Right to Buy discounts as part of the deposit.
- "I have to live in the property forever."
- Truth: You can sell the property, but you may need to repay some of the discount if sold within 5 years.
Frequently Asked Questions About Government Mortgage Schemes
Contact Us Today if you have more questions or need expert guidance.
Step-by-Step Guide to Using a Government Scheme
- Initial Consultation – Understand your financial situation and which schemes may be suitable.
- Eligibility Check – We assess your circumstances against scheme criteria.
- Agreement in Principle (AIP) – Clarify how much you can borrow.
- Application Process – We assist with applications and liaise with lenders.
- Approval & Completion – Ensure a smooth process from start to finish.
Book a Free Consultation to start your journey with a government mortgage scheme.
Why Choose Strong Mortgage Solutions for Government Scheme Advice?
- Local expertise in Bristol, Bath, and surrounding areas.
- Clear, tailored advice for each scheme.
- Step-by-step support throughout the application process.
- Access to competitive mortgage rates from trusted lenders.
- Flexible consultations, available remotely or in person.
Book Your Free Consultation to simplify your journey to homeownership.
Areas We Cover for Government Scheme Advice
We offer tailored advice for government mortgage schemes in:
- Bristol (including Clifton, Redland, Bedminster, Southville)
- Bath
- Weston-super-Mare
- Portishead
- Clevedon
- Gloucestershire
- North Somerset
- Exeter
Contact Us Today for expert, local advice.
Ready to Explore Government Mortgage Schemes?
Don’t let deposit concerns or misconceptions hold you back. We provide clear, expert advice to help you understand and access the right schemes.
- Book a Free Consultation to discuss your options.
- Contact Us Today for more information.
Follow us on Facebook for all the latest news.
We understand that from time to time our clients may find themselves dealing with circumstances that could mean they are potentially vulnerable. For example, a change in health, caring for a family member, or coping with the loss of a loved one. There are many different types of vulnerability, and what makes one person vulnerable might not affect someone else. When we are vulnerable, our need for financial advice may change. However, admitting vulnerability or seeking help can sometimes feel hard.
If this is something you would like to discuss with us, please ask for a copy of our support guide or download a copy here. This guide is designed to help explain vulnerability and the ways in which we might be able to support you. If you feel any of the circumstances in the brochure apply to you, please talk to us
Approved by The Openwork Partnership on 26/02/2025.
Strong Mortgage Solutions is a trading name of Martin Strong which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.