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The Help to Buy Schemes has created a positive impact for First Time Buyers looking to get onto the property ladders. At this moment in time, there are numerous options to choose from, depending on if you are eligible.
If you are wondering which scheme would be fitting for your circumstances, this is when we, as an open and honest mortgage broker in Leicester can help by keeping you up to date on the different eligible schemes for you.
As mentioned, not all schemes are available to you because it’s likely you will only qualify for certain ones. With a Mortgage Advisor in Leicester by your side, you can find out which ones is eligible to you before you begin the application process
Our tailored service can help you determine whether or not you qualify for the scheme. The maximum value is dependent on where you are located in England.
Here at Leicestermoneyman, we can provide open and honest Help to Buy mortgage advice in Leicester across all schemes. If you are looking to find out more information regarding the Help to Buy Schemes available to you as well as the most common Help to Buy mortgage scenarios look at the information below.
In the 2010s, Help to Buy was introduced as a follow-up to the UK government’s previous FirstBuy Scheme. It encompassed a range of pre-existing and new schemes aimed at assisting first-time buyers in stepping onto the property ladder. Over time, some schemes under this initiative have ceased to exist, while others have continued under different names.
The most popular and widely recognized scheme was the Help to Buy Equity Loan Scheme, which stopped accepting new applicants towards the end of 2022. As a result, first-time buyers can no longer avail themselves of Help to Buy in Leicester or anywhere else in the UK. However, it’s important to note that support for home buyers has not come to an end entirely.
Fortunately, there are still various other schemes available to aid individuals in buying property in Leicester!
Buying a home can present challenges and a sense of apprehension, particularly for first time buyers in Leicester. Given the substantial financial commitment involved, various obstacles may arise during the process.
These obstacles may include soaring property prices, limited income, the need for a larger deposit, difficulty meeting specific criteria, and other related concerns. The positive aspect of the Government’s mortgage schemes is that they have the potential to make homeownership more achievable and alleviate many of these issues.
It is essential to recognise that not every scheme applies universally. Each scheme has its own criteria and eligibility requirements that you must review before applying for a mortgage. Certain schemes may necessitate speaking to a mortgage broker in Leicester, while a mortgage advisor may also provide valuable assistance in this regard.
The most popular schemes available for home buyers are the Shared Ownership Scheme, which is available to first time buyers & home movers in Leicester, as well the Right to Buy & Right to Acquire Schemes, which helps local authority tenants to purchase their homes.
While you may be familiar with these well-known schemes, there are others you might not be aware of, such as the Lifetime ISA, first homes scheme, and forces help to buy, among others. Each of these schemes has its own specific eligibility requirements and criteria that must be met to apply.
Even if you meet the eligibility criteria, it’s essential to consider whether a particular scheme aligns well with your unique situation. This is where the expertise of a dedicated mortgage advisor in Leicester becomes invaluable. They will thoroughly assess your case and explore all the options available to you. In some instances, the route you initially thought was suitable may not be the most optimal choice for your overall circumstances.
By scheduling a free mortgage appointment with a mortgage broker in Leicester, you can discover all the potential schemes or alternatives that may be suitable for your situation as a first time buyer or home mover looking to buy in Leicester.
Our Customers Love Us
5.00 Rating22 Reviews
Rebekah
Jo and Chris were extremely helpful. Got everything done so quickly!
1 month ago
Joanne
It was smooth, took all the stress of reseaching the best mortgage. Easy access to appointments. TOM was great and understanding
6 months ago
Bhaven
Very very good thank you
8 months ago
Zubair
Charlie was very easy to talk too and made things easy and simple to understand and explained our options in detail which really helped us through the process as first time buyers.
8 months ago
James
Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
2 weeks ago
Samantha
Very impressed, service was really good and efficient and anything g that needed explaining was done very clear. Would definitely recommend
2 weeks ago
Shelline
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
3 months ago
Nafesa
I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
5 months ago
Anonymous
Incredibly helpful, supported throughout whole process
5 months ago
Nazeef
Fantastic experience. Charlie helped me race through to secure the best mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
6 months ago
Andrea
The service was really good and want to say a big thank you to Leo and Wendy for all there help and guidance 😊
1 year ago
Ryan
Leo who help deal with all of our mortgage was brilliant, professional always there to guide us and explain every step, fully recommend him, We also spoke with Wendy and once again she was very friendly polite and there to help with anything...
1 year ago
Mohit
Really good service by Malcolm and the team. Fast and made sure to understand my needs regarding the mortgage I wanted and to meet them. Would recommend
1 year ago
Tyler
Had great help from both Joe and Chris and Chloe who were all friendly and always happy to help
10 months ago
Rosie
Made everything very easy, we are first time buyers and they couldn't have been more helpful or informative. They didn't make us feel like we were stupid for not know anything about buying a house and talked us through the entire process. They even...
10 months ago
Sophie
Tom and Meghan were brilliant throughout the entire process! Both were friendly and knowledgeable and explained everything to us clearly and answered our countless questions and gave us clarification where we needed it. Both were easy to contact and...
10 months ago
Esme
Super helpful, made the whole process really easy and explained everything as we went along. Pretty good at keeping in contact, keeping us up to date and explaining the choices we had and then giving us the time to discuss and make those decisions.
11 months ago
Anonymous
Buying a home can be a confusing process, especially if you are a first time buyer. Lyndsey and Ryan made the whole process really easy for us, helping us every step of the way ensuring that we were clear at all times. We now have a mortgage...
1 year ago
Sheikh
I must say I am very pleased with the service I recieved from Moneyman, they set up regular calls and kept us updated throughout the checking progress. Fairly priced fees and very knowledgeable! I would highly recommend their services
1 year ago
Abdassami
Second time with this broker and it's been an amazing experience. Would definitely recommend. Anna and Matt were brilliant.
1 year ago
During your appointment with our mortgage advisor in Leicester, we will carefully evaluate your income and expenses to determine your eligibility and affordability for Help to Buy Schemes in Leicester.
Our dedicated team will conduct an extensive search of 1000 mortgage products to find the one that best suits your specific needs. Moreover, we will guide you through the process, from start to finish.
Once your offer is accepted, we will diligently submit your complete mortgage application and all relevant documents to the lender. Throughout this process, your dedicated case manager will keep you informed of every step, from the mortgage offer to the final completion and beyond.
Our commitment to you extends beyond simply securing the most suitable mortgage deal. We will also provide recommendations for relevant insurance options to safeguard you and your loved ones. Additionally, we will be proactive in reaching out to you as your mortgage deal approaches its end, ensuring that you always have the best possible arrangement in place. Your financial well-being is our priority, and we are here to support you every step of the way.
As a Mortgage Broker in Leicester, we have rich experience and knowledge in providing Mortgage Advice in Leicester. From the first initial contact to obtaining the keys to their new home, every customer is guided by our dedicated mortgage advice to get them through the full mortgage process.
Your initial free mortgage appointment with involve you meeting your dedicated Mortgage Advisor in Leicester who will guide you through all your documentation in order for you to have an idea of the balance you will be paying monthly for your mortgage deal.
Our team love to help customers beyond the mortgage process which is why we are available to you if you are looking into surveyors or solicitors. We can provide the advice you need for this as well as discussing exactly you may require for that.
Get in touch with us to speak to an expert Mortgage Advisor in Leicester today. Through our experience, we have encountered numerous enquiries from other customers looking to start their Help to Buy Scheme journey.
As soon as you have found a new home that you are looking to buy, and it matches the criteria for taking out a mortgage through the Help to Buy Scheme, it’s then time to start looking through the paperwork with you as well as speaking with the home builder or estate agent on your behalf id needed.
Speak to us today to get yourself booked in for your free mortgage appointment to chat with one of our knowledgeable mortgage advisors in Leicester, who will be your helping hand throughout the mortgage journey being their every step of the way.
Our hard working team will always recommend the most suitable option for your financial and personal situation. We strive to provide a service that makes you feel happy, stress-free and well updated. We are always by your side throughout the full Help to Buy mortgage journey.
Firstly, we need to know if you are eligible or not for any of the available schemes. If you are qualified for any of the schemes available, we will then proceed with finding the most suitable mortgage.
If you are looking for more information on the various schemes available, get in contact to speak to one of our knowledgeable Mortgage Advisors in Leicester today.
As mentioned previously, it’s required that you don’t own any other property when looking to purchase your new home.
To find out more information about the Help to Buy Schemes available to you, check out the Government Own Your Home website.
Read our 22 Reviews
Leicestermoneyman.com & Leicestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Leicestermoneyman.com & Leicestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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