Help to Buy in Essex – Mortgage Advice Across All Schemes
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.
A member of our dedicated team will be on hand to make sure you are guided throughout every step of your entire mortgage experience, being kept informed of any updates or changes that take place throughout your process, as well as anything else that you, as our customer, need to be aware of.
Our team will always put the customer first, making sure that your best interests are at heart, being supported in any way that we can help.
How do you qualify for a Help to Buy in Essex?
We will review your circumstances and advise as to whether or not you would be able to 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 dependant 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.
Help to Buy Shared Ownership
By making use of the Help to Buy Shared Ownership Scheme, you will have the ability to purchase a share in a property, rather than the full amount.
We generally find that the percentage of a property of which someone will buy is around 25% to 75%, though depending on specific circumstances, you may be able to purchase as small as 10% of the property. The percentage that is remaining will be paid back as a monthly fee.
If you are finding it particularly difficult to purchase 100% of a home, the government Help to Buy Shared Ownership Scheme is a great way for allowing first time buyers to find their footing on the property with a smaller overall purchase price, possibly having the opportunity to increase their shares at a later date.
As a mortgage broker in Essex with a strong reputation and years of experience in the world of mortgages, we have a vast knowledge of all the schemes that are available for Help to Buy in Essex. We are able to use this knowledge in order to help countless first time buyers find their place as homeowners.
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