The Help to Buy Scheme has provided the chance for First Time Buyers to get a step up on the property ladder. At present, there are other routes to choose from, subject to eligibility.
Being a Mortgage Broker in York, we can provide you with the information you need about these schemes and if any fit within your circumstance. There might be a possibility that there are other Help to Buy Scheme better suited for your situation.
As mentioned, it all depends on if you are eligible for the scheme that you like as you might find that you won’t fit within all the schemes. In order to know which schemes you are qualified for; our knowledgeable Mortgage Advisor in York can check if you are eligible for any of the schemes before you apply for anything.
The Help to Buy Loan Scheme was introduced to help stimulate the property market off the back of the credit crunch. The scheme previously benefited First Time Buyers and homeowners looking to move. However, as of 2021, the scheme was updated by the Government and it is now only available for First Time Buyers.
– You will require a minimum of 5% deposit
-Up to 20% of the property’s value will be treated as an equity loan from the Government
-You will need to take a mortgage out for the remaining percentage.
Firstly, we will provide Mortgage Advice in York in order to see if you are eligible for the scheme, providing you with the tailor-made service we offer. The Help to Buy Scheme only applies to new build properties up to a maximum value which can change depending on the area you are looking to buy in England.
We can provide Help to Buy Mortgage Advice across all schemes as your trusted Mortgage Broker in York. Our popular scenarios located below this page can provide you with common mortgage situation we have encountered with this scheme as well as more information.
Our hard working team can provide you with expert advice and guidance on the most appropriate option that works well with your financial and personal circumstances. Here at Yorkmoneyman, we provide an open and honest service that strives to make you feel happy, stress-free and well informed throughout your Help to Buy in York.
The difference between a Help to Buy in York and a Shared Ownership in York, is that a Help to Buy in York allows you to buy a home with just a 5% deposit whereas the Help to Buy Shared Ownership Scheme deposits are usually lower compared to buying traditionally.
Get in contact with a Mortgage Advisor in York and get yourself booked in for a free mortgage appointment today.
Prior, to finding you the most appropriate mortgage for you, our team will need to have an idea of your circumstances to determine if you are eligible for any of the available schemes.
To find out more about the different scheme that are on offer, get in touch to speak with one of our hard working Mortgage Advisors in York today.
Another point you need to remember is that the scheme only applies if you are a First Time Buyer and you are eligible for the scheme.
For more information about the Help to Buy Schemes that are out there. Have a look at the Government OwnYourHome website.
With over 20 years of experience providing Mortgage Advice in York, we are here as your Mortgage Broker in York to take you through the entire mortgage process. From the initial enquiry to getting the keys to your new home, we will be there.
Here at Yorkmoneyman, we have had numerous customers come to us to speak with an open and honest Mortgage Advisor in York in regards to utilising the Help to Buy Scheme. We find being by the side of our customer providing them with the help and support they need can sometimes be reassuring.
In the case where you have already found your new home that you are looking to purchase which matches up with the criteria for getting a mortgage under a Help to Buy in York, our team can look through the paperwork with you as well as talking with the home builder or estate agent on your behalf if needed.
As well as helping you out with your mortgage, we can help when it comes to surveyors or solicitors if you need them. We can provide advice there and give you information about the best route to go down.
During your initial free mortgage appointment, your designated Mortgage Advisor in York getting to know your financial situation and what you are looking to achieve in order for you to have an idea of the amount you will be paying on a monthly basis for your mortgage deal.
We are available 7 days a week till late so get in touch with us today to book your free mortgage appointment where you can speak to one of our knowledgeable Mortgage Advisors in York who will provide you with the knowledge and help you need to get you through your Help to Buy in York.
4.95 Rating153 Reviews
Valentina
I used Yorkmoneyman service second time to remortgage my house and they were brilliant, happy with customer service, quick response, great communication and I would highly recommend.
Anonymous
5* service throughout the process. Look no further, can 100% recommend.
Paul
Easy to deal with, sound advice following a review of your needs. Would highly recommend to anyone
Richard
Tom and Chloe handled my mortgage application in a very professional and effective manner making the process simple for me as a first time buyer. I will definitely use them again when it comes to my mortgage review.
Anonymous
Were able to get us a great quote for a structural survey while also helping us all the way throughout the mortgage application process. They were great and I would rate them eight out of eight.
Guy
Friendly and efficient service with excellent communication. I would recommend to anyone seeking mortgage advice, I will be using them again when I come to seek a new mortgage deal.
Anonymous
Leanne was brill , really helped me out 👍🏻
Caitlin
After having a few problems with other companies I feel satisfied and less stressed talking to Leanne and feel my problem will be taken care of.
Harriet
We cannot thank yorkmoneyman enough, Jason and Jennifer are real experts and so professional, helpful, hardworking and kind. We would highly recommend and are two very happy customers. Thank you so much
Stacey
Everyone we dealt with was friendly and informative. Even after the mortgage was secured they checked in to see how things were going and helped out when things were moving slowly. Would highly recommend. ...
Sarah
We can not thank Matt and Louise enough for the help and support they have given. Moving for the first time in 18years, we had no idea what to do so it was amazing to have Matt supporting us through the process, advising us of the best products to...
Emily
Always very happy to chat and answer any questions. Friendly and approachable. Quick to respond by phone or email. As a first time buyer they really helped me understand the whole process.
Olivia
Yorkmoneyman were great, they delivered a friendly and helpful service. We felt like we were in safe hands.
Holly
Chloe, Jason and the rest of the team have been fantastic in guiding us through a complicated buying process. We’d definitely use these again, and would recommend other to do the same.
Anonymous
Very happy with the service I received. Charlie was always there to guide me through the process and answer all my questions. Would highly recommend their services.
Laura
Yorkmoneyman has been super helpful, very friendly and generally prompt to respond. They have helped us secure our mortgage offer super quickly and we are grateful for their support, special thanks to Leo and Meghan.
Guy
Excellent from start to finish. Thorough and understands both the market exceptionally well and identifies your needs effectively. Communication has been first-rate all the way through despite several false starts, they have stood by and ensured a...
Charlotte
My second time using Yorkmoneyman and once again a seamless service from end to end! Couldn’t wish for a better broker to deal with my mortgage! Ryan and Lyndsey made it easier, worry free and had great comms throughout! Thank you both!
Alice
Very helpful and very responsive. Leo was fantastic at helping us understand what our options were and helping us get the mortgage we needed. Once ready Meghan got everything going swiftly and the next we heard we had the mortgage! Would highly...
Felix
Moneyman has helped us find a great deal and have been very patient in a tumultuous house buying process. They have been professional and courteous throughout. Highly recommended.
As your Mortgage Broker in York, we will start with a Fact Find. During this stage of the process, we will get a better view of your personal and financial situation which will help us when selecting a mortgage deal.
You will then have a credit check performed on you, this step is essential in order to obtain an Agreement in Principle. Once you’ve handed us all of the relevent documentation and a valutation of the property has been completed, a formal mortgage offer can be offered.
Your initial mortgage consultation will take around an hour, afterwards, we will try and arrange an Agreement in Principle for you within 24-hours of your consultation. The final step is submitting your application and waiting for a formal mortgage – this can take about three weeks.
As a Mortgage Broker in York, we always recommend trying to have an Agreement in Principle in place prior to viewing properties. An Agreement in Principle could put you in a position that would let you negotiate prices.
Your free initial mortgage consultation will approximately last an hour. During the consultation, we will ask you some questions and get a bigger picture of your personal and financial mortgage situation.
After the consultation, your dedicated Mortgage Advisor in York will begin searching for mortgage products, trying to secure you one that’s more competitive than your current rate. Once we find a product for you, it’s up to you whether you want to take the offer or not. If so, we can get the ball rolling and start the mortgage application submission process.
Yes, you can obtain a second mortgage in some cases. Whether it’s for home improvements, debt consolidation, for a Buy to Let or a holiday home, you should know that our Mortgage Advisors in York can help you with this.
You may find it slighter harder to get accepted for a mortgage with previous credit problems, however, it’s not impossible! The difference is that you may be asked to put down a higher deposit than usual, perhaps 10-15% of the property purchase price.
If you manage to submit at least one year’s accounts, you are able to get a mortgage. As a Mortgage Broker in York, we see that a lot of lenders use your salary plus dividend to work out the maximum mortgage amount that you would be able to borrow. We’ve also seen some lenders go off your net profit.
For a Help to Buy mortgage in York, you’ll need a minimum of a 5% deposit. On top of your 5% deposit, the government will loan you an extra percentage to make up a total of a 25% deposit. For example, if you had a 10% deposit, you would receive an extra 15%.
Here are all of the documents that you’ll need to support your mortgage application in York
Once you obtain an Agreement in Principle, it should last around 30-90 days. This will depend on the lender that you’ve used.
If your Agreement in Principle expires, you can easily renew it by contacting your Mortgage Broker in York or your lender.
Give us a call and a Mortgage Advisor in York will recommend the best Help to Buy scheme based on personal circumstances.
Enjoy finding your dream home in York
Make an offer on the property and once accepted, we will progress your mortgage application.
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.
