Help to Buy in Liverpool – All Schemes
We always find that the Help to Buy Scheme is an increasingly popular option for many first time buyers in Liverpool. That being said, it isn’t unheard of for it to have its own challenges.
How do you qualify for a Help to Buy in Liverpool?
We will review your circumstances and provide you with personalised Mortgage Advice in Liverpool. During your free mortgage appointment, we will help to determine whether or not you qualify for the government Help to Buy Scheme.
The maximum purchase price for using this scheme is completely dependent on where you are looking to live. To learn more about a Help to Buy in Liverpool and the full property price limits per area, take a look at the government’s OwnYourHome website.
It is also important to remember that you cannot purchase a second home with the help of this scheme, the property you purchase must be your only residence. You are also restricted from making any part-exchange or sub-letting deals on your home.
On top of this, you cannot be married or cohabiting with anyone who owns or has previously owned their own home somewhere else in the world. If you are applying for a Help to Buy in Liverpool and are married/cohabiting, you will have to make a joint Help to Buy application and neither of you can have another residence.
Help to Buy Shared Ownership
Customers may also have access to the government Help to Buy Shared Ownership Scheme. With this, you are able to purchase a smaller share of the property, paying back the rest in rent to the local authority that owns the remaining share. We find that typically speaking, people purchase around 25% to 75% of the property, though sometimes you may be able to purchase as little as 10% of the property.
If you are unable to afford a mortgage on a full purchase price of a home, Help to Buy Shared Ownership allows home buyers to purchase part of the property upfront, with the potential to purchase bigger shares further down the line when they are able to do so.
Open & Honest Mortgage Advice in Liverpool
In utilising the help of a trusted and dedicated mortgage advisor in Liverpool, you will have a helping hand in overcoming any hurdles you encounter. We will do everything within our power to provide our customers with an open, honest & stress-free mortgage service during the process of their Help to Buy in Liverpool.
An experienced member of our team will be on hand to provide guidance and support throughout every step of your mortgage. We will ensure you are kept informed with necessary updates or changes to your individual case, as well as anything else you need to know.
Our team of mortgage advisors in Liverpool will always be on hand and ready to help you with any of your mortgage needs. We always do our best to educate our customers and help them to better understand the Help to Buy Scheme that they will be using.
Customers are at the heart of everything we do here at Liverpoolmoneyman. We always put your best interests first and support you in any way that we can, from the beginning of your process, all the way through until the end.
By having us working for you during your Help to Buy in Liverpool, you’ll have the incredible benefit of a guiding hand and listening ear whenever you are faced with challenges during your mortgage process.
How does it work?Get a quote nowMeet your advisor