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Mortgage Guarantee Scheme in Essex

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Mortgage Guarantee Scheme in Essex

The Mortgage Guarantee Scheme in Essex can help you get on the property ladder with just a 5% deposit!

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What is the Mortgage Guarantee Scheme in Essex?

The Mortgage Guarantee Scheme in Essex is a government-backed initiative aimed at helping buyers secure mortgages with just a 5-9% deposit.

This is particularly beneficial for those who are struggling to save a larger deposit. By offering a guarantee to lenders, the scheme encourages them to provide more 91-95% loan-to-value mortgages.

For expert guidance, it’s best to speak with a mortgage broker in Essex.

 

Mortgage Guarantee Scheme in Essex

How does the Mortgage Guarantee Scheme work in Essex?

The Mortgage Guarantee Scheme in Essex works by offering lenders a government guarantee on mortgages with a 5-9% deposit.

This support helps lenders provide more 91-95% mortgages to home buyers.

If you’re considering applying, mortgage advisors in Essex can provide tailored mortgage advice in Essex, ensuring you understand the process and find the most suitable deal.

What is the criteria for the Mortgage Guarantee Scheme in Essex?

  • The scheme is open to both first time buyers and existing homeowners looking to move.
  • The property you intend to purchase must not exceed £600,000. This applies to both new builds and existing properties.
  • The property must be a residential home in the UK. Buy to let properties and second homes are not eligible under this scheme.
  • Only repayment mortgages are eligible.
  • You must pass the lender’s credit check criteria.

For more information on your eligibility, please get in touch with our mortgage advisors in Essex.

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Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

Mortgage Guarantee Scheme FAQs in Essex

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Our Simple Mortgage Process

Free Initial Mortgage Appointment

Free Initial Mortgage Appointment

Step 1

Start your journey with the Mortgage Guarantee Scheme in Essex by booking a free initial appointment with one of our experienced mortgage advisors in Essex.

They will provide tailored mortgage advice in Essex, ensuring you understand every step of the process.

We Can Search 1000s of Mortgage Deals

We Can Search 1000s of Mortgage Deals

Step 2

Your dedicated mortgage broker in Essex will search thousands of mortgage deals, including those available through the Mortgage Guarantee Scheme in Essex.

This ensures that you find the most suitable mortgage to fit your circumstances.

Submit Your Mortgage Application

Submit Your Mortgage Application

Step 3

Once you’re happy with the mortgage deal, your mortgage broker in Essex will guide you through the application process, ensuring it aligns with the Mortgage Guarantee Scheme in Essex criteria.

We handle everything for you, making it as straightforward as possible.

Protecting You and Your Mortgage

Protecting You and Your Mortgage

Step 4

Our support doesn’t end there.

Our mortgage advisors in Essex will offer ongoing mortgage advice to protect both you and your mortgage, ensuring you stay on track even after securing your home through the Mortgage Guarantee Scheme in Essex.

Reasons to Choose Us

Free Initial Mortgage Appointment

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We offer a free initial mortgage appointment with one of our expert mortgage advisors in Essex.

They will provide tailored mortgage advice in Essex, helping you explore all your options under the Mortgage Guarantee Scheme in Essex and guiding you toward the most suitable deal.

1000s of Deals

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As a trusted mortgage broker in Essex, we have access to thousands of mortgage deals, including those offered through the Mortgage Guarantee Scheme in Essex.

Our wide network allows us to find the most suitable mortgage tailored to your financial situation.

Our Service

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Our service is built around providing clear and straightforward mortgage advice in Essex.

We handle everything from start to finish, ensuring that your application for the Mortgage Guarantee Scheme in Essex is processed smoothly, making your journey to homeownership hassle-free.

7 days a Week

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We understand that life can be busy, so our mortgage advisors in Essex are available to offer mortgage advice seven days a week.

This flexibility means you can discuss your options for the Mortgage Guarantee Scheme in Essex at a time that suits you.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

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The Home Buying App

Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.

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Essexmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.

UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.

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