If you’re a first time buyer in Halifax who are in need of some help from a mortgage broker in Halifax then you’ve come to the right place. Sometimes obstacles can crop up along the way, these can include higher property prices, limited income, needing to put down a bigger deposit, struggles to match up with criteria and more.
The good aspect of using a mortgage scheme, is that they can potentially help to make home ownership more attainable and can help to reduce a lot of these problems. From schemes that help lower earners, to support from housing associations and councils, there’s no need to be worried as there could very much be options out there that can help you achieve your goals.
It is very important to understand that not every scheme will apply to every situation. Some schemes are more aimed at first time buyers in Halifax, with a view to help to buy their first home. Others are available to people moving home in Halifax as well.
The most popular schemes available for home buyers are the Shared Ownership Scheme, which is available to first time buyers & home movers in Halifax, as well the Right to Buy & Right to Acquire Schemes, which helps local authority tenants to purchase their homes.
These are the types of schemes you may know by name, whilst others you may not be aware of. Some of these include the Lifetime ISA, first homes scheme and forces help to buy, to name just a few. They all have their own eligibility requirements and criteria to meet, for you to apply for them. Even if you do meet the requirements, it doesn’t necessarily mean it’s right for your situation either.
That is where a dedicated mortgage advisor in Halifax can come in. It is their job to look at your case and see what options you have available to you. In some cases, the route you thought was appropriate initially, may not be the best route for you to take overall.
By booking in your free mortgage appointment with a mortgage advisor in Halifax, you’ll find out about all the possible schemes or alternatives, that could help to buy in Halifax as a first time buyer or home mover.
Help to Buy was introduced in the 2010’s, off the back of the UK government’ previous FirstBuy Scheme. With a series of pre-existing and new schemes placed under that banner, it was designed to help first time buyers get onto the property ladder.
Over the years we have seen schemes under this banner disappear, whilst others have carried on without that branding. The most popular and well-known of these was the Help to Buy Equity Loan Scheme, which was closed to new applicants towards the end of 2022.
What this means is that first time buyers are no longer able to use a Help to Buy in Halifax or anywhere in the UK, though this doesn’t necessarily mean that support for home buyers has ended. There are still a variety of schemes that can help to buy in Halifax!
It’s no secret that buying a home can be a bit of a challenge sometimes and a little daunting, especially if you’re a first time buyer in Halifax. The same can be said even if you’re moving home in Halifax too. As you could expect with such a large financial commitment, sometimes obstacles can crop up along the way.
These can include higher property prices, limited income, needing to put down a bigger deposit, struggles to match up with criteria and more. The good aspect of using a mortgage scheme, is that they can potentially help to make home ownership more attainable and can help to reduce a lot of these problems. From schemes that help lower earners, to support from housing associations and councils, there’s no need to be worried as there could very much be options out there that can help you achieve your goals.
It is very important to understand that not every scheme will apply to every situation. Some schemes are more aimed at first time buyers in Halifax, with a view to help to buy their first home. Others are available to people moving home in Halifax as well.
Each of these schemes will have their own strict criteria and eligibility requirements, which you’ll have to check before applying for a mortgage. Some of these require speaking to a local agent. Additionally, a mortgage advisor in Halifax may be able to help with this.
The most popular schemes available for home buyers are the Shared Ownership Scheme, which is available to first time buyers & home movers in Halifax, as well the Right to Buy & Right to Acquire Schemes, which helps local authority tenants to purchase their homes.
These are the types of schemes you may know by name, whilst others you may not be aware of. Some of these include the Lifetime ISA, first homes scheme and forces help to buy, to name just a few. Again, these all have their own eligibility requirements and criteria to meet, for you to apply for them.
Even if you do meet the requirements, it doesn’t necessarily mean it’s right for your situation either. That is where a dedicated mortgage advisor in Halifax can come in. It is their job to look at your case and see what options you have available to you. In some cases, the route you thought was appropriate initially, may not be the best route for you to take overall.
By booking in your free mortgage appointment with a mortgage broker in Halifax, you’ll find out about all the possible schemes or alternatives, that could help to buy in Halifax as a first time buyer or home mover in need of expert mortgage advice in Halifax.
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Anonymous
Very understanding with a great knowledge of the market and all your options. Patient, helpful and friendly. I am so glad I chose to talk to UK Moneymen, made my life so much more comfortable.
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Carol
Both Dan and Johnathon have been excellent. Explaining everything along the way . Been good support.
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Anonymous
We have used UK Moneyman twice now and both times our mortgage was secured with ease. Malcolm and his team were very efficient and helped me secure my mortgage despite being self-employed. I would recommend UK Moneyman to anyone
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Dr Noe
Great service, I bought my first home and Malcolm and Paula helped me with all the steps including choosing the solicitor. I got the mortgage easily and it was a nice experience.
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S.
excellent service
1 week ago
Anonymous
I felt very supported throughout the mortgage application process. I had regular updates which put me at ease and made one part of the move stress free.
1 week ago
Shannon
Matt has been great! Would recommend him to everyone. The whole process has been smooth and easy!
1 week ago
Kevin
Very knowledgeable, and always available to help and reassure you through the mortgage process.
2 weeks ago
Kainaat
No words or gratitude could be enough to express the appreciation and gratefulness I feel towards Stacey and Matt. They have supported and helped me through the most challenging time of my life, and managed to get me a mortgage considering I was...
2 weeks ago
Laura
Great service and kept well informed
2 weeks ago
Ingrid
Fantastic team of professionals. Special acknowledgement to Dan whose expertise is second to none. Would highly recommend this Company.
2 weeks ago
Glen
Wayne, Lizzi and the team were fantastic throughout the whole process of me buying on my own for the first time. They took the time to help explain everything in detail, and bared with me whilst they gave me house buying for dummies 101! Every...
2 weeks ago
Anonymous
Simple, thorough, friendly, efficient. I don’t need anything more!
1 month ago
Anonymous
We received excellent advice. Anything we didn't understand was explained in detail. We were dealt with promptly and professionally. We would have no hesitation in recommending UK Moneyman.
1 month ago
Jake
Fantastic service & great value for money. Save yourself the stress and get these guys to help!
1 month ago
Mr Dmitrii
We just wanted to take a moment to express our sincere gratitude for all your hard work and dedication in securing our mortgage. Your expertise, patience, and clear communication made the entire process so much smoother and far less stressful than...
1 month ago
Barrie
With you every step of way, return every call you make, great service 10 out of 10.
1 month ago
Ms Charlotte
I cannot recommend Charlie Bryson highly enough. He is extremely knowledgeable, responsive, reliable and went the extra mile to find a solution for me. He also made the whole process easy and enjoyable. Amy, my case manager, was efficient and took...
1 month ago
Anonymous
Great communication very helpful highly recommended
1 month ago
Book your free mortgage appointment online and discuss your mortgage options with one of our mortgage advisors in Halifax.
We will talk you through the schemes and determine which one is the most suitable for you and your personal circumstances.
Your mortgage advisor in Halifax will search through 1000s of mortgage products on your behalf whilst you prepare your Help to Buy mortgage application.
The subsequent phase involves preparing your mortgage application for submission to the lender. Throughout this journey, we’ll keep you informed about the progress of your mortgage application, ensuring transparency and clarity.
Our services go beyond merely securing the right mortgage for you. We also provide guidance on insurance options, aiming to safeguard both you and your loved ones.
We offer every customer a free mortgage appointment, where we will look over your options and answer your questions about the schemes.
We can also measure your overall mortgage affordability, looking at how much you can borrow based on your credit and current income.
In our role as a mortgage broker in Halifax, we assist individuals looking for diverse mortgage solutions, including those aligned with the Help to Buy Scheme.
Upon your initial contact with us, we will lead you through the entire process, offering extensive support every step of the way.
We work 7 days a week to ensure flexibility in our service. You can book your free mortgage appointment for the morning, afternoon or during the evening – pick a time that best suits you!
We are also open at weekends and bank holidays so that you can reach us whenever you need help.
Shared Ownership is a housing initiative allowing individuals to purchase a segment of a property while leasing the remaining share.
Typically, buyers opt for a share ranging from 25% to 75% and pay rent on the remaining portion. Over time, there is the flexibility to enhance ownership by acquiring additional shares through a process known as “staircasing,” ultimately progressing towards full property ownership.
The Lifetime ISA stands as a specialised individual savings account, crafted to facilitate savings for a first home purchase.
The government gifts a bonus of 25% on contributions every year, making your savings swiftly go up.
Savings per year are limited to £4,000; with the 25% bonus, you can save up to £5,000 a year for your first home.
The Mortgage Guarantee represents a government-backed initiative designed to assist individuals with smaller deposits in attaining homeownership.
Within this scheme, the government offers a guarantee to the mortgage lender, mitigating the lender’s risk and enhancing accessibility for buyers with modest deposits to secure a mortgage.
This initiative is geared towards supporting homebuyers encountering challenges in entering the property market due to lower deposit amounts.
Forces Help to Buy stands as a dedicated scheme tailored specifically to assist armed forces personnel in acquiring a home.
This initiative offers interest-free loans to eligible military personnel, supporting them in securing a deposit for their initial home or facilitating a move to another property.
The repayment of the loan occurs over a predetermined period, with the overarching goal of improving accessibility to homeownership for members of the armed forces.
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