A Help to Buy in Leeds can be seen as an appealing option, however, it can be very challenging. With our experience as a Mortgage Broker in Leeds, we aim to overcome any surprising obstacles and reassure you that it’s not as daunting as you may think.
We will be the helping hand throughout the full process, updating you on what is going on and when. If you are looking for some advice or wanting any information clarifying, we are only a phone call away. We are here to support you through this time.
It can be very helpful to have a Mortgage Broker in Leeds, like ourselves, working with you through the full help to buy journey.
When it comes to the Help to Buy Shared Ownership Scheme, you would have the option to purchase 25% or even more to 75% of a home and pay rent on the rest. In some instances, you may be able to purchase as little as 10%. Help to Buy: Shared Ownership provides you with the option to buy a share of your home (usually 25% and 75% of the home’s value) and pay the remaining share through rent. This is very beneficial if you are struggling to afford the mortgage on 100% of a home.
At Leedsmoneyman, we will be able to provide expert Help to Buy Mortgage Advice across all the schemes. Below, is more information about Help to Buy schemes and the most common scenarios when it comes to Help to Buy in Leeds.
For more information (including advice on fees and paying back your loan), please download our Help to Buy Buyers’ Guide (PDF).
We provide a fast and friendly service where we look at your circumstances and financial state to find you the best option. As a mortgage advisor in Leeds, our goal is to make your Help to Buy experience as stress-free as possible so you can complete your full Help to Buy in Leeds process happy.
The advantage of a Help to Buy in Leeds is it provides you with the option to buy a home with just 5% deposit. Whereas Help to Buy Shared Ownership deposits are generally lower than buying traditionally.
We offer all our customers a free mortgage appointment with a mortgage advisor in Leeds.
Firstly, our dedicated team will need to understand your circumstances in order to know if you would qualify or not for any of the schemes that are available. If you would qualify for the mortgage, we would then proceed with finding you a mortgage for your Help to Buy in Leeds.
Our expert mortgage advisors are always here if you are looking to get in touch with us about any types of schemes that could benefit you.
As mentioned, you will only qualify if you are a first time buyer. Whether you match the criteria entirely depends on your own circumstances and the property you are looking at.
You will not qualify for a Help to Buy in Leeds if you own any other property in the time where you are wanting to purchase a new home with the help of the Help to Buy Scheme. Furthermore, it is forbidden to sublet or part exchange.
For more information about the Help to Buy Schemes available, check our the Government’s Own Your Home website.
Our 20 plus years experience as a knowledgeable and friendly Mortgage Broker in Leeds has provided us with the skills of working with a number of customers all with varying circumstances enquiring about different types of mortgage advice.
In this time, we have had numerous opportunities with dealing with customers who are looking to take advantage of a Help to Buy in Leeds. When starting your Help to Buy journey with one of our friendly Mortgage Advisors in Leeds, we will be there all the way until completion.
The Help to Buy Scheme also falls under individuals who have found a new home that they are looking to purchase. We will be able to help by looking at the paperwork with you as well as contacting the home or estate agent on your behalf if necessary.
If you are looking into getting a surveyor or solicitor, we are happy to help in providing you with advice and guidance as well as discussing what requirements you need for that.
Your dedicated Mortgage Advisor in Leeds will be able to provide you with an idea of the amount you will be paying monthly for your mortgage deal as well as looking through all of the figures with you. This is all part of what we offer with our free initial mortgage appointment.
Check out what our customers say about our services and why many people go to Leedsmoneyman when looking to take out a mortgage with the Help to Buy Scheme.
We are with you every step of the way on your home buying journey providing you with open and honest mortgage advice. Contact us and book yourself in for your free mortgage appointment.
As your Mortgage Advisor in Leeds, we are here to help you. Get in touch with us today and make a date for your free mortgage appointment.
4.98 Rating209 Reviews
Anonymous
Great service. Very efficient and friendly.
Samantha
They have been incredibly helpful every step of the way and there has always been someone available to speak to us, both during the week and at weekends. I highly recommend them and cannot fault them at all.
Saffron
UK Money Man have been incredible throughout the entire process. We worked with Matt & Lyndsey who have been faultless. We are first time buyers so are very new to the process but they made it stress-free from beginning to end. I would 100%...
Sashiddharan
My advisor is very prompt in replying to messages and will reply as soon as he is available. He discussed the mortgage with me and provide decision, on how to proceed. In my last application he was working late night to submit the applicaiton. I...
Stephen
How can I say anything other than brilliant my best choice.
Anonymous
Excellent advice
Tara
My partner and I used UK Moneyman in order to secure our mortgage. Both Ryan Coulson and Meghan Robinson were extremely knowledgeable and provided exemplary advice/guidance throughout the application process. They always provided swift responses to...
Victoria
The service was absolutely wonderful, everyone I spoke to was lovely and very helpful. I was kept up to date throughout the process. Would recommend.
Philippa
Malcolm and his team were brilliant when helping us secure a mortgage. As first time buyers, we did not know much about the process, but Malcolm and his team put us at ease, answered all of our questions and supported us every step of the way....
Anonymous
Dinah Harros and Meghan Robinson were very helpful to find a competitive mortgage deal. They were able to provide good advice regarding the market and ensured we kept informed of the progress. When there was issues they were able to react quickly...
angeline
Very professional and always go the extra mile. Thank you Chris and Anna.
Anonymous
It was a great service and we're really happy with the offer they helped us secure. Daniel was very helpful and Louise sorted everything very quickly for us. This is the second time we've used Leedsmoneyman for mortgages and we've...
Lucy
Ryan and Meghan couldn’t have been more helpful they made the process clear and stress free from start to finish.
Emma
Our entire experience with Leeds Moneyman has been fantastic, as first-time buyers this was all new to us and Dinah and Louise were such a great help along the way explaining the process in detail. They went above and beyond to secure us a mortgage...
Victoria
First Class Service, Both Louise and Charlie were always available to assist us in our remortgage. The are both very professional and dealt with any queries we had. We would have no hesitation in recomending them. Thank you.
Charmaine
Overall an excellent service and an experienced team. They covered all the basics and answered all our questions in a friendly way for first-time buyers. We really can't thank Wayne and Meghan enough.
Kim
The best customer service I have ever received from all staff members. Kayleigh who looked after my account was certainly the most authentic and approachable person i have come across in a long time, her willingness to help and go the extra mile is...
David
My dealings with Charlie, Meghan and the whole team were exceptional. They made the progress less daunting, provided clear and friendly advice/guidance and always responded promptly to any questions or concerns I had. They secured my loan and I...
Brian
Excellent service thus far. really quick, informative and efficient throughout each stage of the mortgage process
Daisy
Dinah was amazingly helpful, always available to text/talk on the phone at anytime. She kept me in the loop continuously and i would recommend her to everyone
You will need to have at least 5% of your new build properties sale price to put down as a deposit. The Government will then top up your deposit by the equity loan scheme by 20% of the value of the property.
Our free initial mortgage consultation can roughly last up to one hour. As a skilled Mortgage Broker in Leeds, we can get you an Agreement in Principle within 24 hours after we have all the correct information. On average, a formal mortgage offer takes about three weeks.
If you’re an employee, you will usually have to supply three pay slips to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ accounts. You will also need to provide proof of ID, address and three months’ bank statements.
If you can show evidence of at least one year’s accounts, you may be able to get a mortgage. Most lenders in Leeds will use your salary plus dividend to work out your maximum mortgage. However, some can go off your net profit.
Despite having shown any credit problems in the past, the good news is you may be able to get a mortgage, but it means you may be required to put down a higher deposit, e.g. 10 – 15% of the property purchase price.
You can have two mortgages running simultaneously, as long as you can afford to repay the monthly instalments on each of them. If you’re looking to accomplish something like debt consolidation or home improvements, you may be able to place a second mortgage on your home.
An Agreement in Principle typically lasts for between 30 and 90 days depending on the Lender used. If your Agreement in Principle expires, it can easily get renewed by speaking to a Mortgage Advisor in Leeds.
As a committed Mortgage Broker in Leeds, we will carry out a Fact Find to establish your personal needs before we go ahead with advising the most suitable mortgage for your circumstances. From there, you will be credit checked, which is a requirement to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can be issued a formal mortgage offer.
Your free mortgage consultation with a Mortgage Advisor in Leeds will last around one hour. Once they have evaluated your circumstances, they will advise a mortgage with no obligation for you to proceed. Based on the deal, you can determine whether or not you want to continue the process.
To help demonstrate that you are creditworthy and assess your affordability for a mortgage, we recommend getting an Agreement in Principle ready before viewing properties in Leeds. At the very latest, you should obtain one before making an offer to assist your bargaining position and show any seller that you are ready to proceed should they accept your offer. We are typically able to obtain an agreement in principle within 24 hours.
Give us a call and a Mortgage Advisor in Leeds will recommend the best Help to Buy scheme based on personal circumstances.
Enjoy finding your dream home in Leeds
Make an offer on the property and once accepted, we will progress your mortgage application.
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.
