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The Mortgage Guarantee Scheme in Sheffield is a government-backed initiative aimed at supporting buyers with smaller deposits, which is 5-9%.
This scheme helps first time buyers and existing homeowners secure a mortgage, with the government providing a guarantee to lenders, making it easier for people to get on the property ladder.
For tailored mortgage advice in Sheffield, it’s best to speak to one of our mortgage advisor who can guide you through the scheme’s benefits.
Under the Mortgage Guarantee Scheme in Sheffield, the government gives the lenders reduced risk.
This allows lenders to offer mortgages with a lower deposit requirement, which is 5-9%.
It is a useful option for buyers struggling to save for larger deposits. A mortgage broker in Sheffield like ourselves, can help you find the most suitable deals available under this scheme.
To qualify for the Mortgage Guarantee Scheme in Sheffield, the property must be valued at £600,000 or less, and the buyer must be applying for a repayment mortgage, not an interest-only one.
It’s also essential to provide a deposit of 5-9%.
For more specific details and personalised guidance, speaking to a mortgage advisor in Sheffield will ensure you meet the criteria and get the most suitable mortgage deal.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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4.95 Rating247 Reviews
Lauren
Super fast replies. So helpful. We’re really great full for the help Jason have us!
2 months ago
David
This was a fantastic service that helped with what ended up being quite a complicated mortgage. The communication and support provided throughout was first class, I’ll use them again without question. Thank you.
3 months ago
Rafa
My journey getting a mortgage with Moneyman was amazing. Starting with Dinah how she was listening to me and understanding im new to everything ending to advice me what to use to request mortgage. Then reaching to the best ever Stacey Moss and how...
3 months ago
Ami
Malcolm and his team have been great from start to finish. We’ve had weekend appointments and updates after the usual working hours which has been really appreciated and helped make the process of finding and securing a mortgage offer a lot less...
4 months ago
Stuart
Needed mortgage advise as a 50+ and thought it might be more difficult than it turned out thanks to Charlie. Questions answered in a timely fashion. Explanations easy to understood and with time to think.
4 months ago
Anonymous
Very helpful and they are with you every step of the way. Always there to answer any questions, which I had a few due to being a first time buyer. Amazing!
5 months ago
Rhoda
such a good complanythay is next to none. Staff are good as gold with a high level of professionalism. It will be worth mentioning that Jason Loft and LIzzi Roscoe worked so hard to help me achieve my dream of getting on to the property ladder....
6 months ago
Gemma
Efficient and helpful.
7 months ago
Rachel
The service we received from both Jason and Stacey has been excellent. We had quite long and stressful process from when we applied for our mortgage to getting our offer. In that time, both worked hard to get the application progressing as it should...
8 months ago
A
Fantastic service and clear explanations of all our options. Wayne has been a huge help in the process.
9 months ago
Marta
I had the pleasure of working with Jason from Sheffield Money Man, and I couldn't be more impressed with the experience. From the very beginning, Jason was incredibly professional, knowledgeable, and patient. They took the time to explain every step...
9 months ago
Abigail
very knowledgeable, everything explained very clearly. something that sempt complicated to me was made very simple and straight forward.
10 months ago
Paul
Great service from start to finish always at hand if needed and quick response Thanks guys
10 months ago
Craig
This company has been absolutely fantastic to work with. I was let down by my own bank when needing a mortgage. Sheffieldmoneyman helped me get a an excellent mortgage deal with cash back! My fixed rate mortgage is due to finish and they have been...
11 months ago
Michael
Always happy to renew with MoneyMan, fast and efficient
1 year ago
Benjamin
Fantastic team, we have brokered our original mortgage through them and our remortgage. Both times the team were eager to help and ensure we got the best deal for us. Special shout out to Daniel who just did out remortgage and was very...
1 year ago
Kieran
Massive help. Charlie went above and beyond. Would highly recommend
1 year ago
Darren
Would definitely recommend Sheffield Moneyman. Took all the stress out of getting the right mortgage. Will use again when my fixed rate ends.
1 year ago
Anonymous
This is the 3rd time I've used Sheffield Moneyman & I've not been disappointed.
1 year ago
Anonymous
I have been with them for almost 10 years now, with both my residential property and a buy-to-let, and they are really great. I have mortgaged and remortgaged many times to reflect changes in the properties, their value or to take advantage of...
1 year ago
Whether you’re a first time buyer or looking at moving home in Sheffield, your advisor will explore the most suitable mortgage options available for your needs.
With personalised advice, you’ll have a clear understanding of the process, helping you make informed decisions.
Whether you’re looking for a low-deposit mortgage under the Mortgage Guarantee Scheme in Sheffield or seeking flexible repayment options.
A mortgage broker in Sheffield will help you navigate the various offers available, making the process smoother and more efficient.
Once we’ve found you the perfect mortgage product, we will help you gather all the necessary documentation and submit a complete application to the mortgage lender.
From income checks to credit assessments, having a knowledgeable mortgage advisor by your side ensures that the application process runs smoothly and increases your chances of approval.
Completion is the final step in your home-buying journey, marking the official transfer of ownership to you, once the funds are released from your mortgage lender, the keys to your new home are yours.
A mortgage broker in Sheffield will guide you through this stage, ensuring everything is in place and that you are well-prepared for your move.
Our mortgage advisors in Sheffield will take the time to understand your unique situation, offering tailored recommendations to help you find the most suitable mortgage option.
Whether you’re buying your first home or looking to remortgage, we’re here to guide you every step of the way.
Whether you’re looking for competitive interest rates, flexible repayment terms or a mortgage under the Mortgage Guarantee Scheme in Sheffield, our mortgage advisors work hard to find the right deal for you, saving you time and stress.
Our mortgage advice service is built around your needs.
From your first enquiry through to completion, our dedicated mortgage advisors in Sheffield offer clear, jargon-free guidance.
We take pride in offering personalised support, helping you navigate the complex world of mortgages with ease and confidence.
We know life is busy, which is why our team is available 7 days a week to provide expert mortgage advice when it suits you.
Whether you need help with a mortgage application, have questions about the Mortgage Guarantee Scheme in Sheffield, or need assistance with remortgaging, our advisors are here to help, even on
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Sheffieldmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Sheffieldmoneyman 2009–2026
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Sheffieldmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Sheffieldmoneyman 2009–2026
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