Help to Buy Mortgage Advice in Cambridge
Across All Schemes
The Help to Buy scheme was introduced by the government and was designed to help First Time Buyers in Cambridge to take that first step on the property ladder. One of the most common types of this scheme is the Help to Buy Scheme. The main thing when obtaining a mortgage is finding out if you are eligible for the scheme you are interested in as well as matching you up to lender criteria.
This is where taking out Mortgage Advice in Cambridge can be really helpful as they can help you with the factors mentioned above along with matching you up most suitable mortgage lender.
Do I qualify for a Help to Buy in Cambridge?
By getting in touch with a reputable and expert Mortgage Broker in Cambridge, like ourselves, you will be able to see whether you are eligible or not for a Help to Buy in Cambridge prior to applying for one.
Here at Cambridgemoneyman, our team of expert help to buy advisors in Cambridge will advise you on the most appropriate route for your situation. As well as this, they will match you up to a range of different lenders’ criteria to see where you match up. By doing this, you have the best chance of mortgage success while staying relatively close to what you were looking to do.
Help to Buy in Cambridge – Shared Ownership
Another scheme that we see many customers look into is Shared Ownership Scheme. Generally, you will be able to buy between 25% and 75% of a home and pay the remaining amount as a rental fee. Depending on the property, you may be able to purchase as little as 10%.
Help to Buy: Shared Ownership is perfect if you feel you don’t quite have the ability to afford the mortgage on 100% of a home. This scheme gives you the opportunity to buy a share of your home (usually between 25% and 75% of the home’s value) and pay rent on the remaining share. Further down the line, you could put the money into bigger shares when you are able to afford to do so.
Our team can provide expert Help to Buy Mortgage Advice about the various schemes that are available to applying first time home buyers. If you are looking for assistance from a Mortgage Broker in Cambridge and more information regarding the Help to Buy Schemes please get in touch.
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