Like any mortgage, the bigger your deposit and the better your financial situation, the less of a risk you are to a lender. Therefore, you are more likely to receive a better deal. Understandably, for many first time buyers, this is not the case. That’s why the government introduced a few ways to assist with the process of saving and securing your very first home.
The government introduced the Help to Buy Scheme as a solution for first time buyers to be able to get their foot on the property ladder, rather than renting or remaining elsewhere. This scheme attract first time buyers by allowing a minimum deposit of just 5% alongside reduced interest rates, for at least the first five years.
The Help to Buy Individual Savings Account (ISA) encourages you to put your monthly savings into an account which gets bolstered by bonuses from the government. If you can input savings of £200 per month, the government will reward you with 25% extra cash up to a maximum of £3,000.
Our mortgage advisors are available Mon-Fri from 9am to 8pm, giving you plenty of opportunity to seek a quick overview of what your mortgage deal could potentially look like.
A dedicated team of mortgage experts will answer your questions, queries and provide quality advice for your personal circumstances and the specific mortgage product suited to you.
We’ll take care of your application to your chosen lender from start to finish, in record time. All for free.
What Information Do I Need To Remortgage?
At MortgageKey, our mortgage advisors are expertly placed to assess your circumstances and inform you […]Read More
The 5 most FAQ’s about Tax on a Buy to Let Property
Unsurprisingly, when tackling the topic of tax, everybody wants to know how to either pay […]Read More
8 Iconic Christmas Movie Homes – How much they cost today & their estimated mortgage rates
For millions of fortunate people around the world, Christmas-time is often spent in a family […]Read More
The Benefits of a Let to Buy Mortgage
Moving home but don’t want to sell? A Let to Buy Mortgage could be the […]Read More
7 Things to Know About Shared Ownership Mortgages
Shared Ownership mortgages are often seen as the lifeline for those on low or middle […]Read More
Moving Home Mortgages – Porting A Mortgage
Porting a Mortgage. Moving home is something that can be a lot more familiar for […]Read More
Help to Buy Scheme Explained
The Help to Buy Scheme. ‘Generation rent’ are looking for a way out. Young couples […]Read More
5 FAQ’s on First Time Buyer Mortgages
First Time Buyer Mortgages. It’s not unusual as a first time buyer to be feeling […]Read More
6 Points About Getting A Mortgage With A CCJ
Getting a Mortgage with a CCJ. Due to bad credit, many of you will have […]Read More