The Help to Buy Scheme is a popular mortgage scheme that is widely used by first time buyers in Essex. Whilst it may have it’s own challenges from time to time, it’s considered to be a very useful mortgage scheme, propelling many onto the property ladder.
By enlisting the help of a trusted and knowledgeable mortgage advisor in Essex, you’ll likely be able to overcome many of the hurdles in your way, as our team of mortgage experts always work hard to ensure our customers receive an easier, free from stress service.
By getting in touch with a mortgage broker in Essex you can find out whether or not you would qualify to take out a mortgage using a Help to Buy in Essex. This is all a part of our tailored mortgage advice in Essex.
With a Help to Buy in Essex, the maximum amount of mortgage is completely dependent on the area that you are looking to purchase your home in. We would suggest checking the Own Your Home website to learn more about these figures.
You are prohibited from part exchange or sub-letting and cannot purchase a second home using this scheme.
The Help to Buy portfolio has been growing further by the government. The majority of them are designed for a first time buyer to utilise them, on the other hand, some of these schemes can be eligible for other homebuyers who are looking at moving home.
The schemes on offer include the Lifetime ISA, Mortgage Guarantee and First Home. These are only just a few and there are more you can look at on the government's OwnYourHome website.
This all depends on which scheme you decide to go for.
For many mortgages, it's usually required for you to put down a 5% deposit. You may find this can increase up to 10% or 15% for those with bad credit.
Schemes like the Lifetime ISA can provide support with building up your mortgage deposit. We do recommend you set this up years before you are looking to buy a property.
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Shane
I cannot praise this team enough, they have been amazing. Especially Tom who went above and beyond to sort out my really complex mortgage and get me a deal which meant I could move to my new house. I would thoroughly recommend Essexmoneyman, they...
2 years ago
Shane
I cannot praise this team enough, they have been amazing. Especially Tom who went above and beyond to sort out my really complex mortgage and get me a deal which meant I could move to my new house. I would thoroughly recommend Essexmoneyman, they...
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Imogen
We shopped around trying to find the best deal, should have come straight to Essexmoneyman, Nathan and Laura found me a perfect mortgage. When we had picked our product, they were speedy in ensuring they processed our applications quickly and taking...
2 years ago
Imogen
We shopped around trying to find the best deal, should have come straight to Essexmoneyman, Nathan and Laura found me a perfect mortgage. When we had picked our product, they were speedy in ensuring they processed our applications quickly and taking...
3 years ago
Jim
Matt and anna made the whole process super easy during the pandemic. as first time buyers we were worried but they made sure we were able to enjoy our first home together. thank you !!
2 years ago
Jim
Matt and anna made the whole process super easy during the pandemic. as first time buyers we were worried but they made sure we were able to enjoy our first home together. thank you !!
3 years ago
Within your free appointment, your mortgage advisor in Essex will look at your income and expenses to see determine your mortgage affordability and qualification for Help to Buy schemes in Essex.
We can search 1000's mortgage options to find the one that is suitable for your personal and financial circumstances.
As well as this, we will help you get a mortgage agreement in principle sorted which can be a brilliant tool when you are looking to make offers on any new builds.
When your purchase offer is accepted, our team will submit your completed mortgage application and supporting documents to the lender.
Your designated case manager will keep you up to date with how your process is going and keep technical jargon to a minimum. We will be there from your initial appointment of contact all the way through to obtaining the keys to your new home.
Not only can we secure you the best mortgage deal, we can also provide you with information about the appropriate insurance on offer to protect you and your loved ones.
Furthermore, our team will contact you when your mortgage deal comes to an end to make sure you are on the best deal available.
Utilising over 20 years of experience providing expert advice as your mortgage broker in Essex, we have encountered a large range of customers with varying situations all in need of mortgage advice in Essex and have supported them with achieving their mortgage goals.
On a regular basis, we have helped a variety of customers who are looking to use the government Help to Buy Scheme. From booking online to speaking with an open and honest mortgage advisor in Essex, you will have a dedicated expert there to help you through every step of the mortgage journey.
If you have found your dream property and are eligible for the Help to Buy in Essex, it's time for our team to go through the paperwork with you and get in touch with the home builder or estate agent if necessary.
We pride ourselves in going beyond finding you a mortgage which is why we support a service that helps you with any surveyors or solicitors. Our team will guide you down the most appropriate route and tell you what you may need for that.
Within your free initial mortgage appointment, your dedicated mortgage advisor in Essex will go through all the figures with your in order for your to get a rough estimate of the amount you will need to pay per month for your mortgage.
As an experienced mortgage broker in Essex, we work hard in providing a helpful service that is supportive, simple and stress-free with the overall goal of finding you the perfect deal. Contact our team today to book yourself in for a mortgage appointment and we will be happy to help!
Before we can delve into the mortgage side of a Help to Buy in Essex, firstly, we need to see whether or not you qualify for any of the help to buy schemes available.
Every Help to Buy Scheme will come with its own requirements that you need to meet to qualify. You may find that you don't qualify for all of them and some may be appropriate for your situation.
For further information regarding the Help to Buy Schemes available to you at https://www.ownyourhome.gov.uk/gov.uk/.
If you are looking for more information about the type of scheme that you may have access to a homeowner, please get in touch with our team and can connect you with one of our expert mortgage advisors in Essex.
Remember, that you should not own another property when you are looking for a new home with the Help to Buy Scheme. Also, actions like sub-letting and part-exchange or strictly forbidden.