The Mortgage Guarantee Scheme is a government initiative designed to support first time buyers in Hull and existing homeowners in securing a mortgage with a low deposit.
This scheme aims to make homeownership more accessible by providing lenders with a government guarantee.
To begin, you will need a 5-9% deposit based on the property’s value.
Once you have this deposit, you can apply for the scheme through your bank or a mortgage broker in Hull.
To qualify for the Mortgage Guarantee Scheme, you must meet specific criteria:
For more information on your eligibility, please get in touch with our mortgage advisors in Hull.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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Michael
Helpful, polite and friendly team, good communication and advice we can trust - thank you!
1 week ago
Joe
Made the process of applying for a mortgage very relaxed. It was reassuring knowing I had a line of contact that suited me that kept me updated and informed.
1 week ago
Anonymous
Jason Loft has been excellent with us and as first time buyers he has answered every single question we have thrown at him and put us at ease, we always received very quick responses from him and we have been really happy with our experience dealing...
2 weeks ago
Cameron
As a first time buyer, I had lots of questions and uncertainties, but Hullmoneyman were incredibly helpful throughout the entire process. They took the time to explain everything clearly, kept me informed at every stage, and always made sure I had...
1 month ago
Mohammed
Jonathan & Wayne are highly knowledgeable, as well as being kind & patient. The pair helped us to transfer an existing mortgage onto a lifetime mortgage with a different lender. Their patience, care & expertise meant the process was easy to...
1 month ago
IAN
Excellent and seamless service thank you
1 month ago
Scott
We have been working with Hullmoneyman for more than 10yrs in managing both our residential and BTL product needs. Always available, professional and courteous whilst discussing and finalising the best products for us. We do not hesitate to...
2 months ago
Mrs Magdalena
I love that I don’t have to stress about my mortgage—when it ends, finding new deals, or keeping track of everything. UK Moneyman takes care of it all, finding the best options and recommending what suits me best. It saves me time, energy, and...
2 months ago
Kathleen
from start to finish money man where there beside me every step of the way … they went above and beyond my expectations. helping with advice and signposting me to the correct places nothing was too much trouble and i wouldn’t have my mortgage...
2 months ago
Alan
Excellent throughout my remortgage, always very helpful with any questions asked!
2 months ago
Sylwester
I had a great experience working with my mortgage broker. They were knowledgeable, efficient, and made the whole process smooth from start to finish. They explained everything clearly, found me a competitive rate, and handled all the paperwork with...
3 months ago
Amber
Conor has done amazing! Helping with every issue we may have faced! Couldn’t have done it with him!
3 months ago
Sarah
I had excellent service and advice from my mortgage advisor Dinah. Thank you Dinah. Sarah
3 months ago
Stephen
I personally did not deal with them this time but wafe said great and kept her up to date all the time
3 months ago
Sarah
Everything has been very well executed from beginning to end has been an excellent service thank you Dinah and also Lizzie.
3 months ago
Julie
Malcolm and his team produced excellent service and great advice. They kept us up to date with my mortgage application and all legal details. I would recommend Hull money man to anyone who will give you 100% satisfaction. Julie and John
3 months ago
Darren
A fantastic, honest, service. Very happy with the advice and guidance given by Leo and Louise, both approachable, knowledgeable, and transparent throughout the process. I would highly recommended Hullmoneyman for anyone looking for professional...
4 months ago
Ben
Outstanding service , would definitely recommend, always there to help.
4 months ago
Mark
5***** Very helpful went through all my options I would definitely recommend hullmoneyman to anyone & a special thank you to Daniel for all is help.
4 months ago
Maxine
Brilliant people, usually applying for a mortgage is very daunting but these guys, especially Warren and Debbie completely put us at ease and got us our mortgage for our happy place. Would highly recommend to everyone. Thank you so much.
4 months ago
During your free initial mortgage appointment, an expert mortgage advisor in Hull will conduct a thorough assessment of your income and expenses.
They will also be able to work out how much you can borrow for a mortgage.
Our team of experts can search 1000’s of deals. This will set you on the right path towards becoming a homeowner.
Following your consultation, we will promptly secure your mortgage agreement in principle (AIP) on your behalf. This can usually be done within 24-hours of your appointment!
Once your offer on a property is accepted, our dedicated mortgage advisors in Hull will take care of submitting your mortgage application and forward any additional documentation required by the lender.
We will never put your application forward if you are going to be declined.
In addition to finding the most suitable mortgage deal for first time buyers in Hull, our team is devoted to helping you obtain comprehensive insurance coverage to safeguard you and your loved ones financially.
This is just a recommendation, not an obligation.
Our team of experienced mortgage advisors in Hull has helped a great number of people find their footing on the property ladder by providing expert mortgage advice in Hull.
Whether you have a complex situation or just need some mortgage advice in Hull, every customer can benefit from a free initial mortgage appointment, so make sure that you take advantage of this!
As an expert mortgage broker in Hull, we can access thousands of mortgage deals to find the most suitable one for your unique situation. It’s not just about finding the right mortgage; we are here to guide and support you every step of the way.
The mortgage case handlers we have working here at Hullmoneyman, will keep you informed throughout the process, so you always know what’s going on.
With over two decades of experience, we possess in-depth knowledge of the market and have handled a variety of complex situations.
Our service is tailored to your specific needs, and we strive to offer a personalised and stress-free experience.
We understand that obtaining a mortgage can be a daunting process, so we strive to make it as stress-free as possible.
we work 7 days a week to suit your schedule and are available for a free initial mortgage appointment either via phone or Microsoft Teams video call.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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