Help to Buy Mortgage Advice in London

Appointments Available on Evenings and Weekends

Help to Buy Mortgage Advice in London
Across All Schemes

The government introduced a new way to give applicants the extra boost needed to get onto the property ladder, this is known as the Help to Buy Schemes. There are multiple Help to Buy schemes available, the two most popular being the Help to Buy Equity Loan and Help to Buy Shared Ownership.

 

Help to Buy mortgages in London are open to eligible applicants who are planning to get a mortgage on a property but struggling to scrape together enough deposit to put down on a property. Lucky for those who looking to utilise the Help to Buy Scheme in London, you only need a minimum of 5% deposit to put down on a property.

 

You do have the ability to out down a higher deposit; you’ll often find that the more deposit that you put down opens you up top better mortgage deals. Our Mortgage Advisors in London will always be ready and waiting to help you out our customers with their needs, always looking to give people a better understanding of your Help to Buy in London as we go.

 

How does the Help to Buy Equity Loan Scheme work?

If you had a minimum of a 5% deposit, the government would loan you an extra 20% to make a 25% overall deposit. As long as your total deposit is 25% it doesn’t matter if you put more deposit down, for example, you can put down a 10% deposit and the government would then loan you an additional 15%, giving you a 75% mortgage.

 

How do you qualify for a Help to Buy in London?

We will take a look at your situation and advise as to whether or not you have the eligibility to qualify for a Help to Buy in Doncaster, something included with our personalised mortgage advice in London.

 

Help to Buy Equity Loans will only apply to new-build properties purchased by First Time Buyers in London, with a maximum mortgage amount that will vary depending on the area that you are purchasing your home in.

 

Remember that under no circumstances can buy a second home with the help of this scheme. You are also restricted from any part-exchange or sub-letting deals on your property.

 

Help to Buy Shared Ownership

In utilising the Help to Buy Shared Ownership scheme, you are able to purchase a share in a property.

 

We find that for the most part, the percentage that people buy into their property is around 25% to 75%, though on some specific occasions you may find yourself being able to purchase as small as 10% of the property. The remaining percentage will be paid back as a monthly rental fee.

 

If you don’t quite have the ability to afford the mortgage on 100% of a home, the government Help to Buy Shared Ownership Scheme offers home buyers the opportunity to only purchase some of it upfront, potentially buying bigger shares down the line when they are able to afford to do so.

 

As an expert Mortgage Broker in London, we have a vast understanding of all the schemes available for Help to Buy in London and can use this to help customers in different situations.

 

How does it work?Get a quote nowMeet your advisor

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We’re Here to Provide You With Expert Help to Buy Mortgage Advice in London

Here at Londonmoneyman, our Mortgage Advisors in London will recommend the most suitable option for your current personal and financial situation. Keeping you informed throughout the entire Help to Buy in London process.

 

With the help of the Help to Buy: Equity Loan Scheme, you will be able to borrow up to 20% from the government, of the cost of your newly built home. You will need to provide a 5% cash deposit and a 75% mortgage to make up the rest. To speak with expert Mortgage Advisors in London, book yourself in for a free mortgage appointment today.

 

Help to Buy in London – Do I Qualify?

Before we can start with your mortgage application to see if you are eligible for a Help to Buy Mortgage in London, we will need to check if you qualify for any of the available Help to Buy schemes.

 

If you would any clarifications about the different types of schemes that you may have access to use, don’t hesitate to get in touch to speak with one of our expert Help to Buy Mortgage Advisors in London.

 

The Help to Buy Equity Loan is just accessible when you are purchasing newly built homes, with a maximum amount that depends on the area that you are looking to live. You also have to be a First Time Buyer in London whose circumstances matches up to the criteria.

 

You must not have ownership of another property when you look at buying your new home with a Help to Buy Equity Loan. Also, it is very important that you remember that subletting and part-exchange is strictly banned.

 

Find out more helpful information about the Help to Buy schemes available to you at Own Your Own Home.

Why should you choose us as your Mortgage Broker in London?

As a trusted and experienced Mortgage Broker in London with over 20 years working in the industry to provide expert Mortgage Advice in London, we have helped many homeowners get onto the property ladder under the Help to Buy Scheme. Once you’re booked in with one of our Mortgage Advisors in London, you’ll have some dedicated with working with you throughout the entire process until your process finishes.

 

If you have already found your dream property and would like to know if you match the criteria for a Help to Buy in London, we can check eligibility and speak to the home builder or estate agents on your behalf. We don’t just help you with your mortgage, but also help with any surveyors or solicitors, and advise you on what’s the most suitable route.

 

During your mortgage appointment, your Mortgage Advisor in London will take a look at the current situation to provide you with the maximum amount you will be paying per month for your mortgage.

 

As a fast & friendly and experienced Mortgage Broker in London, we are here to provide you with expert Mortgage Advice in London and guide you throughout every step of your mortgage process. Book your free mortgage appointment online today to see how we can be of assistance.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation in London will last roughly one hour. Your dedicated mortgage advisor in London will then recommend a mortgage for you, with no obligation for you to proceed. At this point, it is up to you to decide whether or not you wish to proceed with the recommended mortgage.

If you choose us as your Mortgage Broker in London, then our process will work as the following; One of our Mortgage Advisors in London will carry out a Fact Find to determine your, needs before recommending the most suitable mortgage available for you. A credit check will then be required for an Agreement In Principle.  Once all the relevant documentation has been gathered and the valuation of the property has been undertaken, a formal mortgage offer can be issued.

In order for you to ensure you are prepared as early as possible, our Mortgage Advisors in London recommend that you obtain an Agreement in Principle prior to viewing properties in London. At the very latest you should obtain a Mortgage Agreement in Principle before you make any offers, in order to help with your bargaining position.

An Agreement in Principle will normally last somewhere in the range of 30 and 90 days. This depends on the Lender that is being used. If your Agreement in Principle expires, your advisor can always refresh this for you.

If you are looking to achieve something like debt consolidation or home improvements, you may be able to get a second mortgage. The option for a second mortgage can also be used on a second property if you are looking at using it for yourself, a family member, a holiday home or a Buy to Let.

Obtaining a mortgage if you have had previous credit problems isn’t completely impossible, but you may face certain hurdles, such as some lenders requiring that you put down a higher deposit than usual, perhaps 15% of the property purchase price.

You are able to get a mortgage once you have submitted at least one year’s accounts. The majority of Lenders use your salary plus dividend to calculate the maximum amount you can borrow, whereas others may use your net profit.

Three payslips are generally what is required for an employee to prove their income and if you are Self-Employed, it’s usually the latest 2 years’ accounts. You will also need to produce some proof of ID, your address and the latest 3 months’ bank statements.

If you take up a free initial mortgage consultation with one of our trusted Mortgage Advisors in London, your appointment will last around an hour. Your advisor will be able to turn round an agreement in principle within 24 hours, with a formal mortgage offer taking roughly about three weeks on average.

For your deposit, you will be required to put down a minimum of 5% of the sale price of a new build property in London. Once you have done this, the Government will loan you up to 20% of the properties value.

We make it so easy!
Our 4 step process

Step 1

Give us a call and a Mortgage Advisor in London will recommend the best Help to Buy scheme based on personal circumstances.

Step 2

Enjoy finding your dream home in London

Step 3

Make an offer on the property and once accepted, we will progress your mortgage application.

Step 4

We will be here to answer all of your mortgage questions right through till you get your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

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Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

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