Help to Buy Mortgage Advice in Scunthorpe

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Help to Buy Mortgage Advice in Scunthorpe Across All Schemes

In using one of the Help to Buy Schemes, you may have an improved chance of getting onto the property ladder as a first time buyer in Scunthorpe. Providing you are eligible to do so, there are options out there for you to become one step closer to owning your first home.

 

As a dedicated mortgage broker in Scunthorpe, it is our job to let you know all of the different schemes for your circumstances that you are eligible for.

 

That being said, you aren’t able to just pick and choose any Help to Buy in Scunthorpe, you still have to qualify for one. A trusted mortgage advisor in Scunthorpe will make sure that you meet the qualifying criteria for a Help to Buy Scheme, before going through the application process.

How do you qualify for the Help to Buy Scheme?

A Help to Buy in Scunthorpe will only apply to new-build properties up to a maximum value that depends on where you are looking to purchase in England. Our mortgage advisors in Scunthorpe will make sure that you are eligible for this scheme before proceeding with your mortgage application.

Help to Buy Shared Ownership

Another version of a Help to Buy in Scunthorpe, with the Help to Buy Shared Ownership Scheme you are able to buy a share in a new home. The percentage that you own will typically be between 25% and 75%. That being said, under different circumstances with a different mortgage lender, you could be allowed to purchase as low as 10%. The remaining percentage is paid back to a third party as monthly rent, meaning you’ll have two monthly outgoings.

 

As an open & honest mortgage broker in Scunthorpe, we provide all of our customers with expert mortgage advice in Scunthorpe. Learn more about Help to Buy in Scunthorpe and all of the schemes available to you, by getting in touch with a trusted mortgage advisor in Scunthorpe today.

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We’re Here to Provide You with Expert Help to Buy Mortgage Advice in Scunthorpe

Our open and honest team of mortgage advisors in Scunthorpe will always recommend the most suitable option that is available for your current financial and personal situation, doing whatever they are able to do, in order to ensure that you are happy, free from stress, always informed and taken care of, across the duration of your entire Help to Buy mortgage journey.

 

Book online today and speak to an expert mortgage advisor in Scunthorpe for a free mortgage appointment.

How would I know I qualify for any Help to Buy Schemes?

Before we make a start on your process, looking to find you a suitable mortgage, we need to see whether or not you qualify for one of the various Help to Buy Schemes.

 

To learn more about all of the different schemes available, feel free to contact us today and speak with an experienced member of the Scunthorpemoneyman mortgage advice team.

 

Additionally, you cannot be in possession of another property when you look at purchasing your new home in conjunction with a Help to Buy in Scunthorpe. You must remember that subletting and part-exchange is strictly prohibited and cannot be done.

 

To learn more information about the various schemes available to you with a Help to Buy in Scunthorpe, take a look at the government OwnYourHome website.

Why should you choose us as your mortgage broker in Scunthorpe?

As a fast & friendly mortgage broker in Scunthorpe, we make sure we always provide our expert mortgage advice in Scunthorpe. We have had the pleasure of helping countless customers throughout their mortgage journeys, up until the point where they have received the keys to their new property.

 

Book a free mortgage appointment today and speak with a dedicated mortgage advisor in Scunthorpe. We rather frequently receive enquiries from first time buyers who are looking to make use of a Help to Buy in Scunthorpe. From the first time you call us, all the way through until your mortgage completes, you’ll have a member of our team by your side to guide you through your process.

 

If you already have come across a new home that you would like to purchase, and it matches up with the criteria of utilising the Help to Buy Scheme for your mortgage, a member of our dedicated mortgage advice team can take a look through the paperwork with you and even engage in conversations with the home builder or estate agent on your behalf if it is necessary to do so.

 

Not only are we able to provide assistance with your mortgage, but if at any point you need extra help with things like surveyors or solicitors, we are also able to provide you with expert advice there and push you towards the correct direction, discussing what sort of things you might need to get this done.

 

During the course of your initial free mortgage appointment, your qualified mortgage advisor in Scunthorpe will review all your documentation with you, making sure that you know that you have an idea of how much you will be paying per month on your mortgage payments.

 

Book yourself in for a free mortgage appointment with one of our experienced mortgage advice experts in Scunthorpe, who will guide you throughout each and every step of your mortgage process.

Reviews Stars4.81 Rating16 Reviews

Common mortgage
questions

When it comes to saving for a Help to Buy deposit, you will need to have at least 5% of the sale price of your new build property in Scunthorpe. The government will then loan you an additional amount up to 20% to the properties value.

Your free mortgage consultation in Scunthorpe with a dedicated advisor will last for approximately one hour. From that point, we will then recommend a mortgage for you, with no obligation to accept and proceed if you change your mind at any point.

We will carry out a Fact Find to establish your individual circumstances and needs prior to recommending the most suitable mortgage. A credit check is something that will be required for an Agreement in Principle. Once you have given all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can then be issued to you.

To avoid facing disappointment at a later stage, we recommend you obtain an Agreement in Principle before you begin any property viewings in Scunthorpe. At the very latest you should obtain one before you start making offers, as that will assist your bargaining position.

An Agreement in Principle will generally last for anywhere between 30 and 90 days depending on the mortgage lender. If your Agreement in Principle expires, your mortgage advisor in Scunthorpe can refresh this for you.

It may be possible to get a second mortgage on your home if you’re looking to work towards debt consolidation or any home improvements, as well as if you’re wanting to use it for yourself, a family member, a holiday home or a potential Buy to Let.

If you have a recent history of credit problems, it’s not impossible for you to get a mortgage, though you may possibly be required to put down a slightly higher deposit than typically expected, perhaps 15% of the property purchase price.

The documents you will need if you are an employee are three payslips to prove income and for self employed, you will need the latest 2 years’. As well as this, you will also need proof of ID, address and 3 months’ bank statements.

A free consultation usually lasts up to an hour or so. An agreement in principle can be ready for you within 24 hours. It takes on average three weeks for a formal mortgage offer.

You will be eligible for a mortgage but only once you have submitted at least one year’s accounts. Many Lenders calculate the maximum mortgage by taking your salary plus dividend, however, others are known to go off your net profit.

We make it so easy!
Our 4 step process

Step 1

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

Step 2

Enjoy finding your dream home in Scunthorpe

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

Scunthorpemoneyman.com & Scunthorpemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

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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