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BFC Mortgages

 

BRACKNELL FOREST COUNCIL MORTGAGE SCHEME

 

HOW DOES IT WORK?

 

The Council mortgage scheme can help you buy your first low cost homeownership property.  If you need a helping hand to buy a low cost home ownership property, our mortgage scheme provides mortgages for residents with a deposit of 5%.

 

ELIGIBILITY CRITERIA

 

  • You must be over the age of 18.
  • Have a good credit history
  • You must be a UK citizen and not subject to any immigration controls.
  • You must be able to demonstrate that you have lived in the borough continuously for 5 years.
  • You must be a first time buyer.
  • You must be in employment for a minimum of 16 hours per week and have an income of between £20,000 to £60,000
  • You must have sufficient savings to cover the purchase costs and a deposit for the equity that you will be purchasing.

For more information on this scheme please visit: Customer Downloads where you can find information on BFC Mortgages.