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Help to Buy Mortgage Advice in Cardiff

Check Whether you Qualify for a Scheme in Cardiff!

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Help to Buy Mortgage Advice in Cardiff – All Situations

Entering the world of property ownership and mortgages can be really scary without a friendly Mortgage Advisor in Cardiff by your side to help you through.  There is no need to worry, our team will hold your hand along your home buying and mortgage process, helping you over any hurdles that come our way and ensuring you have a constant line of support should you need it.


We are here to make it as easy and stress-free as we can. From your initial inquiry, right through until the end of your journey, a Mortgage Advisor in Cardiff will have your back.


Help to Buy Equity Loans – Key Facts:

The Help to Buy Equity Loan Scheme was created with the intention of helping First Time Buyers in Cardiff buy a new home, with only a 5% deposit.


You put down a minimum of 5% deposit.


The government lends you up to 20% of the property in questions’ value as an equity loan.


You take out a mortgage on the rest of the property’s value.  If you had a 5% deposit and your equity loan was 20%, you’d then take out a 75% mortgage.


Help to Buy – Do You Qualify?

A member of our team will help you with this. If you are looking to make use of the Help to Buy Equity Loan, you can only use it on home up to the value of £600,000. Anything more does not qualify. The scheme is only available to first-time buyers in Cardiff. You also can not own any other property during the team you wish to buy your new home with a Help to Buy Equity Loan. Also, subletting and part-exchange is strictly prohibited.


Our advisors have a lot of experience providing Help to Buy Mortgage Advice in Cardiff, as well as assisting with solicitors, surveys and more. We will be able to tell you relatively soon whether or not you qualify for this scheme and fully explain the deal you are about to agree to, as it is not something to take lightly. We will also be able to inform whether or not you qualify to take out a mortgage and what your monthly repayments will be.


Example: for a home with a £200,000 price tag:

Help to Buy: Equity Loan scheme Example

If the home in the example above sold for £200,000, you’d get £160,000 (80%, from your mortgage and the cash deposit) and you’d pay back £40,000 on the loan (20%). It is important to remember that it is just a loan, and not only do you need to pay it back, but you’d need to pay off your mortgage with your share of the money.


It is incredibly important to fully learn what you are dealing with and understand how it all will play out.


This is why speaking to your local Mortgage Broker in Cardiff will be of great benefit to you.


How does it work?Get a quote nowMeet your advisor

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Help to Buy Mortgage Advice in Cardiff

As an experienced and dedicated Mortgage Broker in Cardiff, our team of mortgage advisors will always recommend the most appropriate deal for you based on your individual circumstances. We aim to help you throughout the whole Help to Buy mortgage process, ensuring you are happy and stress-free. In our years of providing Mortgage Advice in Cardiff, we have encountered many different Help to Buy scenarios. Some of these include Help to Buy Shared Ownership and Help to Buy Equity Loan.


The minimum deposit required for a property is around 5%, with Shared Ownership deposits being typically lower than buying conventionally, as the costs are split. With the Equity Loan, the government lends you up to 20% of your new build property, only requiring a 5% deposit and opening you up to at least a 75% mortgage deal.


Find out more information about the Help to Buy schemes available to you at https://www.ownyourhome.gov.uk/

Why should you choose us as your Mortgage Broker in Cardiff?

As a Mortgage Broker in Cardiff, we have experience in helping our customers with a multitude of different mortgage situations. This includes helping those under the government Help to Buy scheme. Once you get in touch with us, a Mortgage Advisor in Cardiff will walk you through the process, from start to finish. No ties to estate agents, banks or building societies, your advisor is completely dedicated to helping make your dreams come true.


If you have already been searching for new build properties that qualify and you are wanting to make an offer, then we can go through paperwork with. We will even liaise with the home builder or estate agent on your behalf if you so require us to do so. We are also able to provide any advice you need regarding surveyors or solicitors. As a part of your free, no-obligation mortgage consultation, your dedicated mortgage advisor in Cardiff will analyse figures with you and help determine how much you could be paying each month.


As your Mortgage Advisor in Cardiff, we are here to help you. Contact us today and we will get you booked in for a free mortgage consultation. 

What our customers say

Common mortgage

Your free initial mortgage consultation will last around 30-60 minutes. During your consultation, you will get to speak with your dedicated Mortgage Advisor in Cardiff. Their job will be to get a better understanding of your mortgage needs and situation so that they can search for the perfect mortgage deal for your personal and financial situation.

It can still be possible to get a mortgage, even with bad credit problems in the past. Even though it may be a little harder, it isn’t impossible!

You may have to put down a higher deposit if you have bad credit, this could be 10%-15%.

Your first job is to carry out our mortgage Fact Find so that we can get an idea of your mortgage needs and what sort of deals you want to be looking for.

Afterwards, we will book you in with a Mortgage Advisor in Cardiff who will get a couple more pieces of information from you.

Then we can arrrange an Agreement in Principle for you within 24-hours to increase the chances of the seller accepting your offer.

If you’ve found yoru dream home, and are happy with our mortgage recommendation, we can start the mortgage application process! A formal mortgage offer can take longer than 3 weeks, during which, we will keep you informed with the progress of your application.

As a Mortgage Broker in Cardiff, we recommend that our applicants obtain an Agreement in Principle (AIP) as soon as possible. Having an AIP whilst you’re viewing properties can increase your chances of being accepted by the seller. It may also allow an opportunity for price negotiation.

Once you have an Agreement in Principle (AIP) in place, it should last between 30-90 days. If your AIP expires, you can easily renew it by getting back in touch with your Mortgage Advisor in Cardiff.

First of all, your free mortgage consultation should last around 30-60 minutes. Once this is complete, your Mortgage Advisor in Cardiff will obtain an Agreement in Principle for you within 24-hours. Then, if you are happy to proceed with the deal that your advisor has recommended, we can submit your mortgage application. A formal mortgage offer can take on average around 3 weeks to return.

During your mortgage application, you’ll be asked to provide evidencing documents:

– Latest 3 Payslips (Employed), Last 2 years’ Accounts (Self-Employed)
– Latest 3 Months’ Bank Statements
– Latest P60
– Photographic ID

During your mortgage application in Cardiff, if you’re Self-Employed, you’ll need to submit at least one year’s accounts. As a Mortgage Broker in Cardiff, we’ve found that most lenders use your salary plus dividend to calculate the maximum mortgage amount that you can borrow. Although, some lenders may choose to go off your net profit.

Depending on why you want to get a second mortgage, it may be easier to get one than not.

There are various reasons why someone may want a second mortgage, for example:

– Buy to Let
– Debt Consolidation
– Home Improvements
– Second Home
– Marital / Relationship Breakdown

For a Help to Buy mortgage in Cardiff, you are going to need a minimum of a 5% deposit. The Government will top-up your deposit to make up 25%.

This loan from the Government will need to be paid off eventually. For the first 5 years, the loan will be interest-free, if you don’t manage to pay it off within this time, the remaining loan amount will rise with an interest base rate of 1.75%.

We make it so easy!
Our 4 step process

Step 1

Give us a call and a Mortgage Advisor in Cardiff will recommend the best Help to Buy scheme based on personal circumstances.

Step 2

Enjoy finding your dream home in Cardiff

Step 3

Make an offer on the property and once accepted, we will progress your mortgage application.

Step 4

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.

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