Help to Buy Mortgage Advice in Manchester
The Help to Buy Scheme is just one of the new modern approaches to getting onto the property ladder. It was made to help first time buyers who were struggling to save for a large deposit.
As an experienced Mortgage Broker in Manchester, we have years behind us of helping mortgage applicants with this scheme and have in-depth knowledge of the scheme requirements and criteria.
Help to Buy in Manchester – Do you qualify?
As a Mortgage Broker Manchester that has helped many Help to Buy applicants in the past, we want to try and help you through your Help to Buy needs.
Once you book your free mortgage appointment with a Mortgage Advisor in Manchester, we can check to see whether you qualify for Help to Buy in Manchester.
Typically, most lenders will also want you to have a good credit history. Lenders need to be certain that they are lending to a reliable applicant who is not going to fall behind on their mortgage payments.
Help to Buy in Manchester – Shared Ownership
The second Help to Buy scheme is Shared Ownership. This scheme allows homeowners to purchase a percentage of a property and then rent the remaining.
To access this scheme in Manchester, you will have to purchase between 25%-75% of the property. Depending on the Housing Association/Builder that owns the property, you may be able to own as little as 10% of the property. You may get the opportunity to increase the percentage that you own the further that you get into your mortgage term.
Help to Buy in Manchester offers a new, modern way to get onto the property ladder. You have two options, you can receive help with your deposit and take out a 75% mortgage on a new build or you can own a percentage of a property if you are unsure on whether you want to commit to owning the whole of a property.
For Help to Buy Mortgage Advice in Manchester, get in touch with our team by booking a free mortgage appointment online. We have Help to Buy Advisors in Manchester available 7 days a week to answer all of your questions regarding the schemes and the process.
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