Expert advice on the Help to Buy scheme
Expert knowledge on the scheme and whether it's right for you
We take care of the complicated paperwork
And liaise between the lenders, solicitors and Estate Agents.
We are not tied to one particular lender or bank
Are you eligible for the Help to Buy scheme?
You might have heard of the Government’s Help to Buy Equity Loan scheme and wonder whether you would be eligible. We can help you understand what you can afford and which of the lenders who have signed up to the scheme would be most suitable for you. On this page, we have explained how the scheme works, but we think it’s best to seek advice from an expert Mortgage Broker like us. Do not hesitate to get in contact for a free, no obligation conversation.
About Help to Buy Equity Loan scheme
This new scheme was launched on 1st April 2021 and replaces the previous scheme. It will operate until March 2023. As with the previous scheme, the government will lend homebuyers up to 20% of the cost of a newly built home, and up to 40% in London.
If the following sounds like you, then you might be eligible:
- You are a First Time Buyer and are aged over 18
- You have a 5% deposit
- You want to purchase a New Build property in the UK
- You want to live in the property you are purchasing (rather than rent it out)
- You’re thinking a repayment mortgage might be right for you and want to arrange a repayment mortgage of at least 25% of the property purchase price
If so, why not speak to us. We understand how these mortgages work, how to apply and can find you the most appropriate deal from the lenders signed up to the Help to Buy scheme. There are also maximum property purchase price limits which depend upon where you live which we can guide you through.
We don’t charge for the initial consultation, so by speaking to us, you are under no obligation. So why not get in touch and take that first important step. We are based in Salisbury, Wiltshire, but we can help you no matter where you live in the UK.
Things to think about
There are a number of things you need to think about before you take steps to take out a mortgage for the first time. We will talk you through all of these and ensure you are clear on all the risks and benefits before you proceed. Some of the things you should consider are:
- What type of mortgage is most suitable for you?
- Can you afford the mortgage payments on top of your current liabilities?
- What level of risk is appropriate for you?
Your home could be at risk if you don’t keep up your mortgage payments. Our professional, experienced mortgage advisers will ensure you understand if a first time buyer mortgage is appropriate for you before proceeding.
We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, contact us.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 2% but a typical fee is 0.6% of the amount borrowed.
Our handy mortgage calculator
Our mortgage calculator can help you get a better idea of how much you can afford to borrow, and how much your mortgage will cost you in monthly repayments.CALCULATE NOW
“This was knight in shining armour stuff. Our conscientious mortgage broker was a delight to deal with from the off and the key to our dream home.”
Max and Martha, First Time Buyer customers from Cardiff
“Being in the Armed Forces I am away a lot, meaning it can be hard to attend meetings, answer emails and especially hard to fill in forms. Adam and his team were extremely helpful and understanding of our situation and provided help wherever they could. After our initial meeting where we provided our required details, we actually did very little of the hard work, apart from signing a couple of papers.”
Callum and Verena, First Time Buyer Armed Forces Mortgage Customer from Salisbury
“I expect my circumstances were fairly rare, but the help and guidance I received from you was invaluable. I feel that the personal touch you provide offers something that appeals to the soldier in me. During my service I always liked to have a point of contact, someone who was the “go to” specialist in their field. This provides a degree of assurance about a situation and it was refreshing to find that same degree of certainty transitioning to civilian life, particularly with something as important as a mortgage and buying our family home.”
Andrew and Helen, Armed Forces Mortgage Customers from Salisbury
“Even though we were used to having a mortgage on the rental property, paying a mortgage on your own home was still a bit of a shock after years of having married quarter rental deducted from your pay at source. But, at every step along the way, we felt reassured, understood and that we really mattered to Adam. Trust is an important concept for military families and we trusted Adam.”
Fiona and Graham, Armed Forces Mortgage Customers from Wilton
“As a contractor, it was difficult for me to obtain a mortgage through normal channels so it was great to find a mortgage adviser that specialised in contractor remortgages and understood the challenges. In addition, I had fairly tight timescales, so wanted someone who could make the process quick and hassle free.”
Andrea, Contractor Mortgage Customer from Warminster
“I am a contractor, therefore require specialist mortgage advice. Adam has now concluded two mortgages for us (new mortgage then a contractor remortgage), and is currently arranging a buy-to-let mortgage for us. He also arranged our life insurance for us. We keep returning to him for some great reasons – he is always available, and ready to help. He provides great advice, and always ensures that he meets our requirements exactly. He is prepared to explain things in such a way that even a lummox like me can understand, and his level of service has remained consistently good over the last three years.”
Matt, Contractor Mortgage Customer from Southampton
“Adam’s advice on the different types of critical illness and life insurance were really useful. He also worked with us to decide the best combination of policies that would work with our existing policies to cover our needs. When doing this he happily tweaked quotes for us until we came out with an arrangement that was both affordable and would provide us with the level of cover we thought appropriate.”
Hannah and Steve, Protection Insurance Customers from Stamford
“Adam provided us with factual advice and also with options of which we were unaware. The advice on gifted equity was something we hadn’t heard about and this assisted us hugely to ensure repayments worked within our affordability. He provided us with a very personal service that made the journey from initial call, to mortgage offer and completion hassle free. We have already recommended Adam to someone and will continue to recommend his services in the future.”
Saul and Laura, Home Mover Mortgage Customers from Salisbury
“Mike and I collected the keys to our flat this weekend and we couldn’t be happier. It’s been a long time coming but we got there! We just wanted to say a MASSIVE thank you for everything you have done for us so far. We’ve really appreciated all the help, advice and reassurance you’ve given us all the way through this process. It’s really nice to have a friendly voice on the other end of the phone.”
Mike and Bethan, First Time Buyer Mortgage Customers from London
“Without question Adam found me a deal the estate agent’s broker couldn’t. He was very easy to contact whenever I needed him and he took time to explain the ins and outs of the Help to Buy equity loan scheme mortgage that he found me. I would rate him five out of five and will be back to use him when the time comes to remortgage or move.”
Chris, Help to Buy Mortgage Customer from Southampton