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 moving costs.
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.
Missing loan payments could affect your credit rating and ability to obtain credit in the future. Wessex Resolutions CIC may insist on loans being protected at the Land Registry by a title restriction. Loans are subject to status.