What is the Shared Ownership Scheme in Sunderland?

In using the Shared Ownership Scheme, you can purchase a share in a property. The percentage that people buy into their property is about 25% to 75%, although in some specific cases you can buy a little as 10% of the property. The remaining percentage is repaid in the form of a monthly rental fee. This scheme is designed to home buyers the opportunity to only purchase some of it upfront, potentially buying bigger shares down the line when they can afford to do so. If this scheme doesn’t sound suitable, there is no need to worry, as there may be something better suited for you. As an expert mortgage broker in Sunderland, we have a vast understanding of all available schemes in Sunderland and we can use this knowledge to find you something else, if you fit the criteria.

What is the Lifetime ISA?

The Lifetime ISA, commonly known as a LISA, is a scheme built for first time buyers looking to save for their first home. The standout feature of a Lifetime ISA lies in the government bonus. On top of what you save in a year, the government will top up your LISA with 25% of what you have saved in the year. The maximum that you cans save in a year is £4,000, therefore, they will add £1000 to your LISA if you manage to save the maximum. The catch is that if you withdraw from the LISA, you will receive a withdrawal fee of 25%. So if you withdraw £500, you will only receive £400.

Help to Buy Mortgages Sunderland | Help to Buy in Sunderland

Mortgage advice for Help to Buy in Sunderland, across all available 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.

Help to Buy in Sunderland</br>Across All Schemes

Helping first time buyers onto the property ladder with a Help to Buy in Sunderland

With the 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.

Why use a mortgage broker in Sunderland?

With the help of a mortgage broker in Sunderland, we can answer any questions related to the Help to Buy schemes. We also provide expert mortgage advice in Sunderland regarding any other mortgage related topics too.

Book yourself in for a free initial mortgage appointment with a mortgage advisor in Sunderland to discuss your options for taking out a Help to Buy in Sunderland today.

Speak to an Advisor

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.

Common FAQs about Help to Buy in Sunderland

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Danielle

Charlie Bryson was my mortgagee advisor and couldn’t have been more helpful. I am a first time buyer and had zero knowledge of what obtaining a mortgage entailed. Charlie’s advice and delivery of every stage of the process was second to none. I...

4 months ago

Georgia

Our mortgage advisor Charlie Bryson has been amazing with me and Ethan. He has helped us with everything and made sure we are doing everything correctly as we are both first time buyers.

2 years ago

Jordan

Helen was very helpful on the call to re arrange a call back to speak about our mortgage. Very pleasant phone call

3 years ago

Diane

This has been a fantastic service from the initial enquiry to getting the mortgage offer through, everything explained in detail and nothing was a problem, very helpful and professional staff. Would highly recommend using this company to anyone

3 years ago

Martin

Great team and great service. Always happy to help and they make the process easy to understand. They got me a deal I was happy with then got me a better one.

4 years ago

Paul

Spoke to Dale Hunter a few times today. Polite, professional and happy to answer any questions. Over the moon with the service received.

4 years ago

Anonymous

Our advisor was Jason Loft and all I can say is he was amazing and very polite and so was all of his team. Me and my partner are first time buyers so were quite apprehensive about the whole process. However Jason and his team gave us all the...

5 years ago

Anonymous

With the help from Jason and Laura, our mortgage process went very smoothly. As first time buyers we had many questions which they were on hand to answer promptly. Would highly recommend!!

5 years ago

Anonymous

Listened to my every need. Very polite and helpful. Spoke well and clearly understood what was being said and great advice. Thanks

5 years ago

Anna

From start to finish, the service was great. Everything was explained clearly, every little adjustment and query I asked for was expertly dealt with by Leo, who gave me new info and examples of our mortgage requests. Process was very easy to...

6 years ago

Anonymous

Very quick response from the first time I contacted them. Both Cathy and Leanne were great at keeping us informed throughout the process and always responded to our emails within a couple of hours, often less. They understood the stresses and...

6 years ago

Sofia

As a first time buyer I was pretty clueless as to what was needed and when to buy a house. The brokers at Sunderland moneyman made it very easy for me and guided me through the whole process. I’d defiantly give them a recommendation. Thank you...

6 years ago

Leon

I am a First Time Buyer and before I contacted Sunderland Moneyman I didn’t have a clue about mortgages or whether I would even qualify for one. My Advisor (Wayne) came across like he really cared and he was always on the end of the phone to...

6 years ago

Karen

Jason and his team gave an outstanding service. They were reassuring, consistent and were always on hand to give advice and support when necessary. I will be using their service again when my fixed rate ends in 2 years time. Thank you again...

6 years ago

Our Simple Mortgage Process

Free Initial Mortgage Appointment

During your free initial appointment, a mortgage advisor in Sunderland will review your income and expenditure to work out the maximum amount you can borrow and check your eligibility for any Help to Buy Schemes in Sunderland.

We Can Search 1000s of Mortgage Deals

Our team will search for 1000 mortgage deals to find the most suitable deals to match your circumstances.

We’ll help you get your mortgage agreement in principle, which is a great tool to back up any offers you put down on new builds.

Submit Your Help to Buy Application

Once your offer is accepted, we will submit your full mortgage application and evidence documents to the mortgage lender.

While this process is going on, your dedicated case manager in Sunderland will ensure that you are kept up to date through a formal mortgage offer, completion and beyond.

Protecting You and Your Mortgage

However, our service is more than that. Not only will we secure the most suitable mortgage deal for you, but we will also recommend relevant insurance to protect you and your family.

We will also contact you when your mortgage deal ends to make sure you are on the most suitable deal.

Reasons to Choose Us

Free Initial Mortgage Appointment

As an open and honest, experienced and industry-wide respected mortgage broker in Sunderland, we are here to help and guide you throughout every step of your mortgage journey. Get in touch with us today and make a date for your free initial mortgage appointment.

As part of your initial free initial mortgage appointment, your assigned mortgage advisor in Sunderland will take the time to go through all of the figures with you so that you have a rough guideline of the exact amount you will be paying on a monthly basis for your mortgage deal.

1000s of Deals

If you have already found a new home that you are looking to purchase, and it falls within the criteria for taking out a mortgage under the Help to Buy Scheme, we will be able to take a look through the paperwork with you and even liaise with the home builder or estate agent on your behalf if necessary.

Not only will we be able to help you out with your mortgage, but if you are in need of any help with regard to surveyors or solicitors, we can also provide you with advice there and point you in the right direction, discussing what exactly you may need for that.

Our Service

As an open and honest mortgage broker in Sunderland with over two decades of providing expert mortgage advice in Sunderland, we have gained a lot of experience in working with all different types of customers and a wide variety of mortgage types.

7 Days a Week

This regularly includes those looking to utilise the Help to Buy Scheme. Once you get in touch with a dedicated mortgage advisor in Sunderland, you’ll have someone by your side, from that initial first point of contact, all the way through until the end of your mortgage process.