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Thanks to the Help to Buy Schemes, your odds of getting onto the property may have improved. As of now, there are more routes to choose from, depending on if you are eligible.
As a mortgage broker in Lincoln, our job is to inform you about the different eligible schemes for your circumstances. You may find that other Help to Buy Schemes are available for you out there.
However, you can’t just pick and choose a scheme that you like, as you won’t likely qualify for all of them. But, this is something that our mortgage advisors in Lincoln can check your eligibility before you rush into applying for anything.
Help to Buy in Lincoln applies properties up to a maximum value, this value is depending on your region in England. Our mortgage advisors in Lincoln will check your eligibility to whether or not you may qualify for this scheme.
As your expert mortgage broker in Lincoln, we can provide Help to Buy mortgage advice across all schemes. Find more information about Help to Buy Schemes available to you and the most common Help to Buy mortgage scenarios further down this page.
Mortgage schemes play a pivotal role in the process of purchasing a home in Lincoln through the “Help to Buy” initiative. This government-backed program aims to assist first time buyers and home movers by offering a range of schemes that make homeownership more accessible.
One popular option is the Shared Ownership scheme which allows individuals to purchase a share of a property and pay rent on the remaining portion, providing an affordable entry point into homeownership.
For those considering a home purchase in Lincoln, exploring mortgage schemes, particularly if you are struggling to save for a deposit, is crucial. By understanding and leveraging these schemes, aspiring homeowners can navigate the Lincoln housing market with greater flexibility and financial support.
Generally, for most Help to Buy schemes, you will need a minimum of a 5% deposit.
Most Help to Buy schemes allow you to put down a higher deposit to gain a better loan-to-value on your mortgage. Speak with a Help to Buy mortgage advisor in Lincoln to determine how much you can borrow for your Help to Buy mortgage.
Each Help to Buy scheme has its unique criteria and requirements that you need to meet before you can access it. Depending on the scheme that you are looking at using, you may not meet the requirements.
For example, using the Lifetime ISA for a mortgage is only available for first time buyers, whereas, the Shared Ownership scheme is available for both first time buyers and home movers.
To apply for a Help to Buy scheme, you usually need to apply online. The application process involves affordability assessments and meeting specific criteria for the chosen scheme.
Once you have met the criteria for a specific scheme, the next step is finding you a mortgage product to go hand in hand with the scheme.
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Samantha
Excellent service, always available when required and made the process hassle free.
2 days ago
Thomas
All of the members of the team I spoke to including Jason and Stacey were fantastic. They answered all my questions and provide support where needed. I would definitely recommend
1 month ago
Anonymous
We reached out to just see where we stood in regards to our borrowing limit and we’ve come out the other end with a mortgage offer and we are going down the route of getting out own home! This never would have been possible without the help of...
9 months ago
Mr Jamie
Daniel was very friendly, knowledgeable and explained everything to us in enough detail without being overwhelming. He gave gentle reminders for things that we had forgotten to do and got us a very good deal for our remortgage. Would highly...
9 months ago
Anonymous
We had a great experience arranging a remortgage with Dinah and Paula. Our situation was a little complicated, but we received very practical advice and they assisted us right through the process. It was all very straightforward in the end. Thank...
11 months ago
Anonymous
Excellent service. Jason has been very helpful and encouraging every step of the way, especially considering our complex circumstances. Easy to set up video calls to discuss matters and email communication has been very quick, detailed and achieved...
11 months ago
Charlotte
Charlie has been nothing but helpful, answers all questions thrown at him, takes the time to explain what everything means which has been hugely helpful as a first time buyer! It’s been a really quick and smooth process from the rest of the team...
1 year ago
Anonymous
Jason and Megan were absolutely brilliant! Both helping me through the entire process.
1 year ago
Hope
Matt & Paula have been so great and efficient in supporting us as first time buyers. Not once did we feel overwhelmed during the process which is great given that we came into this not knowing what to expect. Everything has been quick and efficient,...
1 year ago
Thomas
Matt was incredibly honest and helpful throughout the process even though he was aware I was speaking to a variety of advisors at my point of contact. His knowledge, responsiveness, and willingness to discuss options available to me, made him the...
1 year ago
Hannah
Matt and Stacey were really helpful in sorting our remortgage out. Matt was quick to get back to us when we had questions and Stacey was always on hand as support
1 year ago
Alexander
Dinah has always been available and communicated any changes or good advice we needed. We really appreciate your support
1 year ago
Emma
Quick, efficient, informative service
1 year ago
Milly
Charlie Bryson has been fantastic, supporting me as a first-time buyer from getting an agreement in principle to viewing houses and then through to a mortgage offer in just two weeks! It was a pleasant surprise to find a broker who could explain...
1 year ago
Tori
My mortgage broker was Leo! He’s always been amazing and Iv been dipping in and out for a few years. He really helped me and found the best deals and explain everything I didn’t understand. He was always there on hand and if he had any...
1 year ago
Matthew
Very quick and helpful service.
1 year ago
Andrew
Very helpful and efficient
1 year ago
Michael
Had the good fortune of having Louise H handling our mortgage/sale and she was fantastic throughout. Often filling gaps in communication from our solicitor and regularly engaged from start to finish.
1 year ago
Gordon
I used Lincolnmoneyman when the Nationwide seriously let me down with their offer of a mortgage. Dan Osman was immediately helpful and explained the system and facilitated the set up of our equity release mortgage. With the help of his assistant...
1 year ago
Jordan
‘Great service as usual’
1 year ago
During your free mortgage appointment, your mortgage advisor in Lincoln will go through your Help to Buy options and discuss the schemes you may be able to access.
If you want to continue with the scheme, we can begin finding you teh perfect mortgage whilst you apply for the scheme online.
Our team will search through 1000s of mortgages in order to find the perfect product for you and your new property.
Hopefully, by now you will have been accepted onto your Help to Buy scheme.
The next step is to prepare your mortgage application and get it ready to send off to the mortgage lender.
We will keep you up-to-date with the progress of your mortgage application throughout the entire process.
Once we hear the good news, we will let you know that your keys are ready to collect!
Our offerings extend beyond finding the optimal mortgage arrangement for you. We will also offer suggestions for pertinent insurance choices to safeguard both you and your loved ones.
During your initial free mortgage appointment, your assigned mortgage advisor in Lincoln will take the time to go through all your documentation with you so that you have an idea of the amount you will be paying monthly for your mortgage deal. Get in touch with us today and book yourself for a free mortgage appointment to speak to one of our experienced mortgage advisors in Lincoln, who will guide you throughout every step of your mortgage journey.
Our open and honest team will always recommend the best available option for your financial and individual circumstances, doing everything they can to ensure that you feel happy, stress-free, informed and in safe hands through your entire Help to Buy mortgage journey. Not only will we be able to help you out with your mortgage, but if you require any help concerning surveyors or solicitors, we can also provide you with advice and point you in the right direction, discussing what exactly you may need for that.
Our flexible team are available 7 days a week so that you can get in touch with us at a time that best suits you and your busy schedule. Book your free mortgage appointment online or by giving us a call. Contact us today to speak with a dedicated mortgage advisor in Lincoln. We have had countless enquiries from other customers who are looking to utilise the Help to Buy scheme. From that initial first point of contact until the end of your mortgage process, having someone by your side is always reassuring.
The Shared Ownership scheme is a government-backed initiative designed to facilitate home ownership. It allows individuals to purchase a share (typically between 25% and 75%) of a property while paying rent on the remaining portion.
This provides an affordable entry point into the housing market, especially for first time buyers or those with limited financial resources. Over time, occupants have the option to increase their ownership share through a process known as “staircasing. Shared Ownership aims to make homeownership more accessible, offering flexibility and a pathway for individuals to gradually increase their ownership stake in their homes.
The Lifetime ISA (Individual Savings Account) is a government-backed savings initiative designed to assist individuals in building funds for either their first home purchase or retirement.
Eligible individuals can contribute a maximum of up to £4,000 annually, and the government provides a 25% bonus on these contributions.
The funds can be used either towards the purchase of a first home or for later in life savings.
The Mortgage Guarantee scheme scheme is aimed at supporting prospective homebuyers by facilitating access to higher loan-to-value (LTV) mortgages.
Under this scheme, individuals can secure a mortgage with a down payment as low as 5%, with the government guaranteeing a portion of the loan to encourage lenders to offer more accessible financing options.
If you are a first time buyer in Lincoln, this initiative is particularly beneficial for you, providing a pathway to homeownership with a reduced initial deposit.
Forces Help to Buy (FHTB) is specifically tailored to support armed forces personnel in achieving homeownership. This initiative enables eligible military personnel to borrow up to 50% of their salary (capped at £25,000) interest-free to contribute towards a home purchase, the extension of an existing property, or the conversion of an existing property into a family home.
FHTB serves as a valuable financial aid, assisting military members in overcoming the challenges of property acquisition.
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Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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