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Help to Buy Mortgage Advice in Lincoln

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Help to Buy Mortgage Advice in Lincoln Across All Schemes

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 Advisor in Lincoln can check your eligibility before you rush into applying for anything.


How does the Help to Buy Equity Loan Scheme work?

Thanks to the Help to Buy Equity Loan Scheme, this has helped many First Time Buyers in Lincoln get onto the property ladder. Previously this was available to homeowners looking to move home, though as of 2021, this is no longer the case.


Below are a few essential facts regarding how the Help to Buy Scheme works:

– You will need a minimum of 5% deposit.


– Up to 20% of the property’s value will be treated as an equity loan from the Government.


– The remaining balance will be covered by a mortgage.


How do you qualify for the Help to Buy Scheme?

Help to Buy Equity Loans apply to new-build 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.

Help to Buy Shared Ownership

With the Help to Buy Shared Ownership Scheme, you can buy a share in a property. The percentage is usually between 25% and 75%. However, under some circumstances, you may be allowed to purchase as little as 10%. You then will pay back the remaining percentage through rent.


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.


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We’re Here to Provide You with Expert Help to Buy Mortgage Advice in Lincoln

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, well informed and in safe hands through your entire Help to Buy mortgage journey.


The Help to Buy Scheme in Lincoln makes it possible to buy a home with just a 5% deposit, whilst Help to Buy Shared Ownership deposits are typically much lower than buying traditionally.


With a Help to Buy: Equity Loan, the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.


Get in touch with a Mortgage Advisor in Lincoln and receive a free mortgage appointment today.

How would I know I qualify for any Help to Buy Schemes?

Before we begin finding you a suitable mortgage, we need to look at whether or not you qualify for any of the available schemes.


For more information on the different schemes available, get in touch to speak with one of our experienced Mortgage Advisors in Lincoln today.


If we take a look at an example of how the schemes may potentially differ, the Help to Buy Equity Loan is only available when used for newly built homes by a registered builder.


Remember, you must also only be a First Time Buyer in Lincoln and match any required criteria depending on your circumstances.


As stated earlier, you must not own any other property when looking to purchase your new home in conjunction with a Help to Buy Equity Loan. Again, remember that subletting and part-exchange is something that is not allowed.


Find out more information about the Help to Buy Schemes available to you. Check out the Government ownyourhome website.

Why should you choose us as your mortgage broker in Lincoln?

As an open and honest Mortgage Broker in Lincoln, we provide expert Mortgage Advice in Lincoln. We have worked alongside customers throughout the entire mortgage process, right until they received the keys to their new property.


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.


If you have already found a new home that you are looking to purchase, and it falls within the criteria for taking out a mortgage under the Help to Buy scheme, we will be able to take a look through the paperwork with you and even speak with the home builder or estate agent on your behalf if required.


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 there and point you in the right direction, discussing what exactly you may need for that.


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.

What our customers say

Common mortgage

You will need to have at least 5% of the sale price of your new build property in Lincoln saved, in order to put it forward for a deposit. The Government will then loan you 20% of the properties value to put towards lowering the required mortgage amount.

Your free mortgage consultation in Lincoln will generally last around 60 minutes. An advisor will then recommend a mortgage for you, with no obligation for you to go forward. You are free to decide whether or not you wish to proceed with the mortgage in question.

As a dedicated and experienced mortgage broker in Lincoln, we work on your behalf. We will carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for your circumstances. A credit check will then be required for you to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued to you by the lender.

To avoid any kind of possible disappointment, we would definitely recommend that you obtain an Agreement in Principle before you begin viewing properties in Lincoln. At the very latest you should obtain one prior to making an offer, as it is free of charge and can put you in a much better bargaining position down the line.

An Agreement in Principle will usually lasts for anywhere between 30 and 90 days depending on the Lender that is used. If your Agreement in Principle expires it can always be refreshed with the help of your mortgage advisor.

It may be possible to get a second mortgage on your home if you’re looking to do Debt Consolidation or Home Improvements. You may also find that it’s possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

If you have had any type of credit problems in the past, you can still get a mortgage but you may possibly be required to put down a higher deposit than expected, perhaps 15% of the properties purchase price.

Once you have submitted at least one year’s accounts, you are then eligible for a mortgage. Most Lenders will be using your salary plus dividend to calculate the maximum mortgage, whereas others have been known to go off your net profit.

It’s usually three payslips that a lender will need to see for an employee to prove income and the latest 2 years’ accounts for Self Employed. You will also need to produce proof of ID, address and the last 3 months’ bank statements.

The general amount of time that your free consultation with an advisor will last is around an hour or so. A mortgage advisor can turn round an agreement in principle within 24 hours of your consultation. A formal mortgage offer will take on average about three weeks.

We make it so easy!
Our 4 step process

Step 1

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

Step 2

Enjoy finding your dream home in Lincoln

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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