Help to buy was introduced by the government, originally designed to help first time buyers in Cambridge 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.
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.
The government have added a wide variety of schemes to their Help to Buy portfolio. Most of them require you to be a first time buyer to access them, whereas, others can be accessed by other homebuyers such as those looking at moving home.
The schemes available include the Lifetime ISA, Shared Ownership, Mortgage Guarantee and First-Home. There are more to choose from, which you can find on the government's OwnYourHome website.
This answer can change from scheme to scheme, for example, with the Shared Ownership scheme, you put down your deposit based on the percentage share of the property that you are taking out, therefore, it can change each time.
For most mortgages, however, you will need to provide at least a 5% deposit. This percentage can reach up to 10% or 15% if you have bad credit.
Schemes such as the Lifetime ISA can help you build up your mortgage deposit and it is worth setting this up years before you are planning to buy a property.
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Very responsive even in late evenings! Answered all of the questions that I had, explained the whole process through out and made the house buying process so much easier!
6 months ago
Great service, very efficient.
9 months ago
Helen was lovely to chat with, she booked me in for an appointment with a broker within minutes of me sending an email enquiry on a Sunday and explained everything about the process really well.
8 months ago
Great service. Would definitely recommend to people struggling to get a mortgage. Cambridgemoneyman, a huge thank you from us
2 years ago
Spoke to several Mortgage Brokers about my situation and having talked to Malcolm, he fully understood my views and gave me his honest opinion. A very professional, friendly, and efficient service that enabled us to the best mortgage on the market.
2 years ago
Massive thank you to Malcolm and the team at Cambridgemoneyman. We were very impressed with the level of service we received. As first time buyers, we were thrilled with the mortgage rate that got recommended for our circumstances, and we will...
2 years ago
During your free appointment, your mortgage advisor in Cambridge will evaluate your income and expenses to determine your mortgage affordability and qualification for Help to Buy schemes in Cambridge.
Our team will search 1000's mortgage options to find the best one for you and your personal and financial situation.
We will also help you get a mortgage agreement in principle, which serves as solid support for any new build offers you make.
Once your purchase offer is accepted, we will submit your completed mortgage application and supporting documents to the lender.
Throughout this process, your dedicated case manager will keep you informed with regular updates and ensure a smooth mortgage offer, completion, and beyond.
Our services go beyond just securing the best mortgage deal for you. We will also suggest relevant insurance to safeguard you and your loved ones.
Furthermore, we will reach out to you when your mortgage deal expires to ensure that you are on the best deal available.
With over 20 years of experience providing open and honest as your mortgage broker in Cambridge, we have worked with a large variety of customers all looking for mortgage advice in Cambridge through utilising our knowledge on a range of mortgage types.
We have dealt with many customers on a regular basis who are looking to use the government Help to Buy Scheme. When you have booked online to speak with an expert mortgage advisor in Cambridge, you will have someone there to provide a helping hand from the very beginning of your mortgage journey to the very end when you get the keys.
In the circumstance where you have found your dream home and have matched up the criteria for a Help to Buy in Cambridge, our team can look through the paperwork with you as well as get in contact with the home builder or estate agent for you if needed.
We love going the extra mile for our customers which is why we are available to help you with any surveyors or solicitors. We will point you in the right direction as well as speak to you about what you may need for that.
Your free initial mortgage appointment will involve your allocated mortgage advisor in Cambridge looking through all the figures with you so you can get a rough estimate of the amount you will need to pay each month for your mortgage.
As a reputable mortgage broker in Cambridge, our goal is to provide a mortgage experience that is supportive, informative and stress-free by helping you every step of the way on your mortgage journey. Get in touch today to book yourself in for a mortgage appointment and we will see how we are able to help.
Before our team can look into the mortgage aspect of a Help to Buy in Cambridge, we will need to determine whether or not you qualify for any of the help to buy schemes on offer.
Each Help to Buy Scheme has its own requirements that you need to meet in order to qualify. Some of them, you may not qualify for, some of them may suit your circumstances perfectly.
Find out more information about the Help to Buy Schemes available to you at https://www.ownyourhome.gov.uk/gov.uk/.
If you are looking for more insight into the type of scheme that may be available to a homeowner, don't hesitate to get in contact with our team and we can connect you with one of our experienced mortgage advisors in Cambridge.
It's imperative to know that you should not own another property when you are looking for a new home with the Help to Buy Scheme. As well as this, subletting and part-exchange are strictly forbidden.