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A Help to Buy in Hull can help improve First Time Buyers to get onto the property ladder. As of now, depending on your eligibility, there are various routes to choose from.
This is where a Mortgage Broker in Hull will come incredibly handy, as it’s our job to talk you through all the different eligible schemes for your circumstances. You may find that there are different Help to Buy Schemes available for you out there.
However, you can’t just pick and choose a scheme as you won’t qualify for every single one. Your best option is speaking with a qualified Mortgage Advisor in Hull who can check your eligibility for any schemes before you rush into applying for anything.
Using a Help to Buy in Hull will mostly affect people buying newly built properties, and the schemes are more aimed amongst First Time Buyers in Hull.
Help to Buy Equity Loans apply to new-build properties up to a maximum value. This value depends on your region in England. Our Mortgage Advisors in Hull can check if you are eligible to whether or not you may qualify for this scheme.
Here at Hullmoneyman, we provide open and honest Mortgage Advice in Hull, being aware of all the different schemes available we will try our best to match you to a scheme that fits your circumstances. Find more information about Help to Buy Schemes available to you and the most common mortgage scenarios for Help to Buy in Hull further down this page.
We have a trusted team of Mortgage Advisors in Hull who will always work hard to make sure that they find you the absolute best mortgage deal for your financial and personal circumstances.
Your dedicated mortgage advisor will do everything they can to reduce your stress levels, keep you informed and ensure that, as a customer, you feel safe and secure all throughout your Help to Buy in Hull.
The purpose of a Help to Buy in Hull is help people who are looking to purchase a home with only a 5% deposit.
For the most part, Help to Buy Shared Ownership deposits won’t be as much as traditional home buying.
In utilising the Help to Buy Equity Loan, you’ll be given up to 20% of the cost of your new build home as a loan from the government, which means you’ll only need to put down a 5% cash deposit, which comes in at 25% overall and will ensure that you leave with a 75% mortgage to pay back.
It is important to remember that you will need to pay this back, as it is only a loan from the government.
Book your free mortgage appointment online now to speak with a Mortgage Advisor in Hull.
Before we get your Help to Buy mortgage process underway, we will need to first figure out if you are eligible for the schemes that are available to home buyers in Hull.
If you are maybe hoping to understand in much deeper detail what the different schemes that you may have access to are, get yourself booked in for a free mortgage appointment today and speak to a Help to Buy Mortgage Advisors in Hull.
Differing from the other variations of the Help to Buy Scheme, the Help to Buy Equity Loan is only available in conjunction with new build homes, with the maximum amount changing depending on where your home is located.
Remember that in order to take advantage of the government Help to Buy Schemes, you have to be a First Time Buyer in Hull.
Matching up to the criteria will depend on the situation that you’re currently in and how much the property you’re looking to buy is worth.
You are prohibited from owning another property alongside the home that you buy with a Help to Buy: Equity Loan, as well as from subletting and doing a part-exchange.
To learn more about the Help to Buy Schemes that are available to you, take a look at the OwnYourHome website.
We have over 20 years of being an expert Mortgage Broker in Hull, providing our loyal customers open & honest Mortgage Advice in Hull. Throughout our time, we have worked with lots of customers who are looking to purchase a home, which has given us a lot of experience in different mortgage scenarios. Many of these have been utilising the Help to Buy Scheme.
By getting in touch with a dedicated and trusted Mortgage Advisor in Hull, you’ll have the total nonstop mortgage support of our team, from the time you call us up, all the way through until completion. Sometimes, by the time you get in touch with us, you may have already come across a home that is right for you.
If your current personal and financial situation, as well as your potential new home match the criteria for taking out a mortgage by using the Help to Buy Scheme, we will then be able to take a look at the paperwork with you and even help you to liaise with external parties if you need to.
We will work incredibly hard in order to help you achieve your home owning goals. If at any point you need any help with something like surveyors or solicitors, then we can also help to set you on the right path, having a good chat about what you may require in order to arrange these.
Whilst going through your free mortgage appointment, your dedicated Mortgage Advisor in Hull will spend some time taking a look through all of the different mortgage figures with you, helping you to figure out a rough estimate of what the costs involved may be, as well as what your monthly mortgage payments could be also.
In order to give you a better understanding about the level of service we provide, please feel free to take a look at genuine customer reviews left by our wonderful customers, who were thrilled with our service.
In doing so, you will see why so many new and returning home buyers book themselves in for a free mortgage appointment with one of our dedicated mortgage advisors, when they are looking to take out a mortgage by utilising the government’s Help to Buy Equity Loan Scheme.
As a well-known and highly respected Mortgage Broker in Hull that is incredibly proud of the clear & simple service that we provide for all customers, we are always on hand to guide our customers throughout each of the steps of their mortgage journey.
Get in touch with our team today so that you can get yourself booked in for a free mortgage appointment with a fast & friendly mortgage advice team in Hull today.
4.98 Rating651 Reviews
Nicholas
Great to talk through clear presented options that meets the needs of my family. Daniel gave assurances, space and understanding that helped us make a significant decision more easier.
Leanne
Absolutely brilliant service from start to finish. Would like to thank Wayne and Lyndsey for all their help with out mortgage application nothing was to much trouble for them. Would recommend hullmoneyman for fantastic service
Leanne
Absolutely brilliant service from start to finish. Would like to thank Wayne and Lyndsey for all their help with out mortgage application nothing was to much trouble for them. Would recommend hullmoneyman for fantastic service
Chloe
This service is so helpful, they always give you full description and make sure you understand each steps before moving forward. Communication is a great skill that this service has.
Matthew
Absolutely fantastic experience. Dinah Answered every question we had and was very quick to get back to us.
Thomaa
Outstanding. The best customer service and knowledge from Wayne and Megan. The best company I’ve used by far. Thank you. Would strongly recommend.
Mark
Always helpful and attentive, easy to talk too and nice to deal with someone who lives in the same area. Highly recommended
Lauren
Extremely happy with the service we received! We had Matt Collinson and Megahn Robinson helping us with our Mortgage and they were incredible. As first-time buyers, we had a lot of questions and Meghan helped us to understand everything and...
Paul
Dealing with Hull Money Man is always a pleasure. All the staff are happy to help, are accommodating and arrange appointments to suit. You feel like you are in good hands. I would recommend them.
Lee
Leo and Stacey at Hullmoneyman have provided a fantastic service; friendly, helpful, knowledgeable and personable. I will definitely use the service again.
Richard
Amazing quick service. Helped find us a mortgage right for our situation. The team kept us updated and informed throughout the process. They were swift to respond to our queries and really good at being able to deliver in our very short...
Anonymous
Good communication and job well done.
Anonymous
Good communication and job well done.
Jason
Both Dinah and Stacie my mortgage broker and case handler were professional, quick to communicate, and simplified the mortgage process which helped reduce a stressful and potentially complex process. They were available to answer all my...
Jason
Both Dinah and Stacie my mortgage broker and case handler were professional, quick to communicate, and simplified the mortgage process which helped reduce a stressful and potentially complex process. They were available to answer all my...
Alexandra
We have used Hullmoneyman 3 times now and each time the process has been seamless. We are kept informed throughout the process both by telephone and email. We wouldn’t use anyone else. Thank you
Jennifer
Thankyou for making the whole equity release experience straight forward from day one to completion of my lifetime Mortgage.
Anita
Really helpful, explained things so we understood. Got us the best deal for our circumstances. All this whilst we had a toddler running round in the background! Thanks!
Michael
This the second time I have used Moneyman in five years. I can without hesitation say they are very professional know the market and everything is done for you. Thank you once again and I shall inform friends and family of your company. As an...
Lee
I have used Hullmoneyman for several years now and would highly recommend them. They are always on the end of the phone for advice. Fantastic service from all the team.
You’ll need to provide a deposit of at least 5%.
Our free initial mortgage consultation will last roughly 30 mins. Lucky for you, as an experienced Mortgage Broker in Hull, we can turn around an Agreement in Principle within 24 hours. All we need is a quick phone call to gather the necessary information. A formal mortgage offer takes about three to four weeks on average.
If you’re an employee, you will usually have to supply three payslips and the latest P60 to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ tax calculations and correspondings overviews. You will also need to provide proof of ID (Driving license or Passport). Proof of Address (Utility bills, tax bills or credit card statements) and three months’ bank statement. You are proving the deposit built up with an explanation for any significant credits.
The good news is it may be possible to get a mortgage if you are self-employed in Hull. To qualify, you need to submit at least one years’ accounts. Doing so will help to increase the likelihood of obtaining a mortgage. Most lenders take a look at your salary plus dividend to calculate the maximum mortgage amount. Others may go off your net profit. It all depends on the lender.
The good news is that you may find it a bit more challenging to obtain a mortgage despite having previous credit issues on your record. But it doesn’t mean it’s impossible, and you may still be able to get one! It just means that some Lenders may ask for a slightly higher deposit of around 10-15%.
The good news is it is possible to have two mortgages in Hull 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 30-90 days. However, this timeframe is up to the Lender. If your Agreement in Principle expires, worry not; you can renew it by getting back in touch with your Mortgage Advisor in Hull.
As a Mortgage Broker in Hull, we recommend that you obtain an Agreement in Principle (AIP) as soon as you can, preferably before you start viewing properties. Having an Agreement in Principle in place when you are viewing houses could potentially allow you to negotiate prices.
Our mortgage process consists of multiple different steps. The first step is to get in touch, and one of our trusted mortgage advisors in Hull will carry out a Fact Find to get a bigger picture of your mortgage situation.
Secondly, you’ll undergo your free mortgage consultation, and your assigned dedicated Mortgage Advisor in Hull will begin searching for mortgage deals that match your circumstances. If they find you an offer that you are happy to proceed with, we can get the ball rolling with your mortgage application.
Next, they will perform a credit check on you to obtain an agreement in principle. Some evidential documents will be required from you to help back up your mortgage application.
Lastly, they will submit your mortgage application and wait for a formal mortgage offer to be issued.
Your free initial mortgage consultation with your dedicated Mortgage Advisor in Hull will last around 30 mins. During this consultation, we will get to learn a bit more about your mortgage needs and what you are looking for. Once we know more about your personal and financial situation, we will start looking for mortgage deals that will match you perfectly.
Give us a call and a Mortgage Advisor in Hull will recommend the best Help to Buy scheme based on personal circumstances.
Enjoy finding your dream home in Hull
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.
