Help to Buy Mortgage Advice in Sunderland Across All Schemes
The Help to Buy Scheme is always a popular choice across the mortgage world, but also can come along with its own set of challenges.
When working alongside a dedicated mortgage advisor in Sunderland, you’ll find that we use our experience to help and try to make sure that we clear as many hurdles as we can and that it’s as stress-free and smooth as it can possibly be.
A member of our team will be there to help you throughout your entire mortgage journey, ensuring that you are always aware of what is going on.
We will always be at the end of the phone to help you out if we are needed, aiming to give you a deeper understanding of the Help to Buy Scheme as we go. We have your best interests at heart and are here to support you.
Having Sunderlandmoneyman working on your behalf is incredibly beneficial when you need someone to be on hand and guide you through your mortgage process.
How do you qualify for the Help to Buy Scheme?
We will advise you as to whether or not you may be able to qualify for this scheme – this is all a part of our personalised service.
Part of the terms and conditions specify that you should not own any other property i.e., you cannot buy a second home with the help of this scheme. Part-exchange and sub-letting is also something that will not be allowed.
Help to Buy Shared Ownership
Help to Buy Shared Ownership scheme, you can buy a share in a property. The percentage is usually between 25% and 75%, however, on some occasions, you may be allowed to purchase as little as 10%. You then will pay back the remaining percentage through rent.
If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.
As your expert mortgage broker in Sunderland, we are able to provide Help to Buy mortgage advice across all of the various schemes. Find out more information about Help to Buy Schemes available to you and the most common Help to Buy mortgage scenarios below.
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