First Time Buyer
How We Help
Buying your first home is an exciting milestone, but it’s also a big financial commitment. Mortgages are one of the largest single transactions you are likely to make in your lifetime, and for that reason it’s important to make sure that you have accurate and reliable guidance throughout the entire process.
We are Independent which means we can offer unbiased, honest and impartial advice from the entire mortgage market meaning you can be assured of the very best deals.
We also have access to exclusive mortgages not available on the high street.
We promise that we will be there every step of the way. Most importantly, our priority is finding the best first time buyer mortgage that is suited to your personal circumstances, and that you fully understand the process.
Before you make any mortgage commitment, we will make sure you know and understand all of the information and sometimes confusing mortgage jargon.
There are always plenty of mortgage options, and we ensure that you end up with the best overall deal that takes all factors into account.
Additionally, we always help you make sure that even after you’ve moved in to your new home, you have protection in place to ensure your mortgage is paid should the worst happen.
If you’re only considering options at this point, GET IN TOUCH and let us help you make a clear plan for the future.
Remember- preparation is everything!
*As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments*
From our first meeting until you move into your new home, we will always be there.
HELP TO BUY
WHAT IS HELP TO BUY?
Raising a sufficiently large deposit can be one of the hardest personal money challenges. Research in 2013 by Moneysupermarket.com indicates that the average age of a first time buyer in the UK has risen to 35. Many require the assistance of parents or other relatives in order to be able to purchase even at this age, making this a key family finance issue. In an effort to make it easier for young people to get on the ladder, the Government introduced its Help to Buy scheme in April 2013. The first stage applied to new-build properties only.
The Government’s Help to Buy scheme aims to provide help with mortgages to prospective borrowers for new build homes, and the area of first time buyer mortgages, providing they are valued at under £600,000.
This first part of the scheme allows a prospective buyer with a deposit of only 5% of the property value to obtain a mortgage. Instead of the 95% mortgage, such a customer would have to try and find previously, they can now apply for a mortgage for 75% of the value, for which they are much more likely to be accepted, while the remaining 20% is provided in the shape of a loan from the Government.
No interest will be charged on the equity loan portion for the first five years. The loan will need to be repaid alongside the mortgage at the end of the term.
Are you struggling to gather a sufficient deposit? Contact us today to discuss
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For more information please visit https://www.helptobuy.gov.uk/