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Help to Buy Mortgage Advice 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 a great benefit to you. For more information (including advice on fees and paying back your loan) please download our Help to Buy Buyers’ Guide (PDF): https://www.helptobuy.gov.uk/equity-loan/equity-loans/#sthash.bKMiSYhA.dpuf


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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 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

The deposit required for a Help to Buy mortgage is at least 5% of the sale price of your new build property. The Government will then loan you up to 20% to the value of the property.

Roughly your initial mortgage consultation will take around an hour. A Mortgage Advisor in Cardiff will then recommend a potential mortgage for you, which you can then choose to take or decline – You have no obligation!

As your dedicated Mortgage Broker in Cardiff, we carry out a Fact Find to clarify what is required for your personal situation before we progress and recommend a potential mortgage. To obtain an Agreement in Principle we then need to conduct a credit check. Once all the relevant documentation has been presented to your advisor, and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

It is advised that you obtain an Agreement in Principle before you begin viewing properties in Cardiff. This helps reduce the risk of disappointment at a later stage. At the very latest you should look at getting one before you are ready to make an offer, as this will help with your bargaining position.

The average time an Agreement in Principle lasts for is between 30 and 90 days depending on the Lender you have gone with. If your Agreement in Principle expires, you can always get it refreshed.

If you are looking at things like debt consolidation or Home Improvements, then you may be able to get a second mortgage. Second mortgages may also be applicable if you are hoping to use it for yourself, a family member, a holiday home, or a Buy to Let mortgage.

You may still be able to get a mortgage with a poor credit history, but this will typically require a higher deposit than usual, sometimes around 15% of the property purchase price.

To obtain a mortgage whilst Self-Employed in Cardiff once you have submitted at least one years’ account. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whilst others may choose to go off your net profit.

For an employee to prove income you are looking at the last 3 payslips and if you’re self-employed you’ll need the last 2 years of accounts. You will also need to provide proof of ID, address, and 3 months’ bank statements.

Generally speaking, our free consultations take around 1 hour. A Mortgage Agreement in Principle can usually be sorted within 24 hours. A formal mortgage offer takes about three weeks on average, depending on the circumstances.



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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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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