Council to help first-time buyers in Mansfield

February 20, 2019 4:12 pm

First-time buyers in Mansfield will soon find it easier to climb that first rung of the housing ladder thanks to a new mortgage scheme being launched by Mansfield District Council and the Mansfield Building Society.

The scheme, which will be piloted for a year, could enable tenants in private rented accommodation to purchase their first home in the district. 

It enables people to buy a home in the district for between £130,000 and £170,000 with the assistance of a mortgage from Mansfield Building Society that requires only a 2.5% deposit. This is because the council will act as a guarantor for the other 2.5% deposit. 

 

Anyone interested in the scheme should approach Mansfield Building Society for more details on 01623 900047 or see mansfieldbs.co.uk.