Help to Buy Mortgage Advice in Sheffield

Help to Buy Mortgages in Sheffield

Help to Buy in Sheffield

The home buying process can very stressful and full of surprises, especially if you have never been through it before. This is where we come in, your local Mortgage Broker in Sheffield is here to provide help and guidance throughout the whole process. If you are a First-Time Buyer struggling to take that first step onto the property ladder then we think that you would find our mortgage advice service incredibly useful.

There are lots of different Help to Buy schemes available that you have access too, it is just the case of qualifying for them. You won’t match the criteria of every single scheme so it is important that you look at which ones you will match before applying for them. Alternatively, you can go to your Mortgage Advisor in Sheffield and they will sort all of this for you. Help to Buy mostly applies to First-Time Buyers and Home-Movers in Sheffield purchasing newly built properties.

You can go to Helptobuy.gov for more Help to Buy Mortgage Advice

Help to Buy Mortgage Advice in Sheffield

The most popular Help to Buy scheme is the Help to Buy Equity Loan. Yes, the scheme helps you buy a home but you will still need a 5% minimum deposit. Here are some facts about the Help to Buy Equity Loan Scheme:

  • You will need a minimum of a 5% deposit
  • Up to 20% of the property’s value is an equity loan from the Government
  • The rest is taken out as a Help to Buy Mortgage. I.e. 5% deposit, 20% equity loan, 75% mortgage

Here is an example from the official Help to Buy website of a home with a £200,000 price tag and how much the government would loan you:

Help to Buy: Equity Loan scheme Example

Help to Buy – Do you qualify?

A Mortgage Broker in Sheffield, like us, will check whether you qualify for any Help to Buy Schemes before you apply for one. Even if you want some help in deciding on a scheme, our amazing advisors will recommend your best option based on your personal situation.

For example, you are only accessible to the Equity Loan Scheme if you are buying a newly built home up to the value of £600,000 and you either have to be a First-Time Buyer or a Home Mover in Sheffield. It relies on the property and you to meet the scheme’s criteria.

You must not own any other property at the time you buy your new home when applying for the Help to Buy Equity Loan. Also, you need to remember subletting and part-exchange is not allowed.

Why should you choose Sheffieldmoneyman as your Mortgage Broker in Sheffield?

First of all, we have been in the mortgage business for over 11 years now and throughout these years, we have dealt with 1000’s of help to buy mortgage cases. As a trusted Mortgage Advisor in Sheffield, We will sit you down and discuss all of your Help to Buy options and recommend you which is the best route for you to take.

Our advisors work to ensure that you feel secure and comfortable at all times during the Help to Buy mortgage process, we have your best interests at heart. We also offer a Free Mortgage Consultation to every customer that reaches out to us for help! So, get in touch with a Help to Buy Mortgage Advisor in Sheffield today and we will see what we can do!

Help to Buy Schemes Available in Sheffield

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Sheffieldmoneyman.com & Sheffieldmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

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Sheffieldmoneyman, Courtwood House, Silver Street Head, Sheffield, S1 2DD.
0114 4070086

The Financial Conduct Authority does not regulate most buy to let mortgages.

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