We’ll be with you Every Step of the way!
Taking out a mortgage is a huge financial commitment. Any First Time Buyers in Scunthorpe may find the mortgage process to be daunting. As an open & honest Mortgage Broker in Scunthorpe, it’s our job to make the process as stress-free as possible and find you the most suitable mortgage deal.
Here at Scunthorpemoneyman, our service goes beyond the mortgage, it’s all about the customer journey, how you got there and what happens next. We aim to keep the process simple and keep you in the loop at all times. Your Mortgage Advisor in Scunthorpe will be by your side at all times.
How Much Deposit do I Need for a Mortgage in Scunthorpe?
Depending on your credit score, can determine the amount of deposit required for a mortgage. We tend to find that First Time Buyers in Scunthorpe who have a good credit score, will have access to better mortgage rates and can put down a 5% deposit of the purchase price.
If you are a First Time Buyers in Scunthorpe with a much lower credit score, you may only have access to much higher rates and be required to put down a 10-15% + higher deposit.
Your deposit amount will also be different depending on the type of property you are looking to buy. The more expensive the property, the larger deposit needed.
Are There Ways to Help me get Onto the Property Ladder in Scunthorpe?
If you are struggling to save for the minimum deposit that is required, you may be eligible for one of the many governments help to buy schemes. These schemes were introduced as a means of helping First Time Buyers in Scunthorpe get onto the property ladder.
The schemes available currently include the Help to Buy Equity Loan, Shared Ownership, Mortgage Guarantee Scheme, the First Home Scheme, as well as a handful of others. Every one of these schemes is designed to help home buyers get onto the property ladder. To see find out if you qualify for any schemes, speak to a Mortgage Advisor in Scunthorpe today.
If you are a First Time Buyer in Scunthorpe, looking for quality Mortgage Advice in Scunthorpe. Book your free mortgage appointment with one of our Mortgage Advisors in Scunthorpe. They’ll be able to help you check eligibility and apply for your mortgage.
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