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Help to Buy Mortgage Advice in Sheffield

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Help to Buy Mortgage Advice in Sheffield
Across All Schemes

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 applies to First Time Buyers in Sheffield purchasing newly built properties.


Help to Buy Schemes

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 need to be a First Time Buyer 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.


Help to Buy Shared Ownership

Help to Buy Shared Ownership scheme, you can buy as little as 25% or as much as 75% of a home and pay rent on the rest.  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 (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 local expert Mortgage Broker in Sheffield, we are able to provide Help to Buy Mortgage Advice across all schemes. Find out more information about Help to Buy schemes available to you and the most common Help to Buy mortgage scenarios below.


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We search 1000s of mortgage deals across a large number of lenders, including:

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Help to Buy Mortgage Advice in Sheffield

We will always recommend the best option for your individual circumstances and make sure that you feel happy and secure through the whole Help to Buy process. We know that the mortgage process can get very stressful sometimes, especially if you don’t know what you are doing.


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 Help to Buy mortgage advice service incredibly useful.


Get in touch with a Mortgage Advisor in Sheffield and receive a free mortgage consultation.

Find out more information about the Help to Buy schemes available to you at Gov.uk

Why should you choose us 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!


Get in touch for a free mortgage consultation, speak to your expert Mortgage Advisor in Sheffield today.

What our customers say

Common mortgage

You will need to have at least 5% of the sale price of your new build property in Sheffield. The Government will then help you out by loaning you up to 20% to the property value.

Your free mortgage consultation with a Mortgage Advisor in Sheffield will last approximately an hour. Once they have evaluated your situation, they will recommend a mortgage for you with no obligation for you to proceed. Based on the deal, you can decide whether or not you want to continue the process with us or not.

As a trusted Mortgage Broker in Sheffield, we carry out a fact find to verify your needs before recommending you with a mortgage deal. After a Mortgage Advisor in Sheffield has evaluated your situation, they will perform a credit check on you, this is required for an agreement in principle. Then after you have provided all of the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued.

We always advise that you obtain an agreement in principle before you start viewing properties in Sheffield, to avoid disappointment. If you want to get yourselves a head start, you should get one prior to making an offer.

Typically, an agreement in principle lasts for between 30 and 90 days, however, this can change depending on your lender in Sheffield. If your agreement in principle expires, you can renew it quite easily.

Yes, you can get a second mortgage. Whether this is for debt consolidation or home improvements, this is possible. It is also possible to take out a second mortgage on a second property but only if it is own use, the use of a family member, a holiday home or a Buy to Let.

It will be harder but yes you can. You will have to show that you can afford a mortgage by putting down a higher deposit, perhaps 10% or 15% of the purchase price.

Yes, however, you must submit at least one years’ accounts. Most lenders use your salary + dividend to calculate the maximum mortgage, whereas other lenders in Sheffield could base it of your net profit.

If you are an employee, you will need to provide three payslips to prove your income. If you are Self Employed in Sheffield, you will have to prove for the latest 2 years’ accounts. Along with this, you must produce proof of ID, address and 3 months’ bank statements.

Our free mortgage consultation in Sheffield will take about an hour. Once your consultation is completed, we can arrange an agreement in principle for you within 24 hours. A formal offer takes up to three weeks on average.



We make it so easy!
Our 4 step process

Step 1

Give us a call and a Mortgage Advisor in Sheffield will recommend the best Help to Buy scheme based on personal circumstances.

Step 2

Enjoy finding your dream home in Sheffield

Step 3

Make an offer on the property and once accepted, we will progress your mortgage application.

Step 4

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.

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