This scheme is now closed, and no more applications are being accepted by Lloyds TSB.

Trafford Council and Lloyds TSB have joined forces to help first-time buyers purchase a home with a deposit of just 5%.

The Lend a Hand scheme went live in Trafford on Thursday 10th May 2012.

Subject to Lloyds TSB's usual lending criteria, borrowers are able to select almost any property within the local area (excluding new build properties), up to a maximum loan size of £190,000. First-time buyers will put down 5% of the property price, and Trafford Council will provide a cash-backed indemnity of up to 20% as additional security.

The first-time buyer owns the property in its entirety, and will have access to a range of products at a lower rate of interest than would normally be available for this level of deposit.

The Council is no longer taking expressions of interest in this scheme. Those interested should contact Lloyds TSB directly for more information, to register interest, and to discuss their needs. Local branches can be found at:

• 22 King Street, Stretford, Manchester, M32 8AD
• 40-42 School Road, Sale, M33 7XL
• 76 Stamford New Road, Altrincham, WA14 1BS
• 24 Crofts Bank Road, Urmston, Manchester, M41 0TX

The customer telephone number for all LTSB branches is 0845 3 000 000.

The Council has no involvement in the assessment of mortgage applications, and there is no right of appeal to the Council should an application be refused.