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Help To Buy Mortgage Advisor

Written by Simon Burnett on . Posted in Blog.

Looking for Help To Buy advice or a Help To Buy Mortgage? As there is sometimes confusion over the different schemes offered by the government, a knowledgeable Help To Buy mortgage advisor should be your first port of call if you want to understand which of the schemes you may be eligible for and what you need to do.

What Is Help To Buy?

Help To Buy is a blanket term used to refer to the variety of schemes offered by the UK government to enable people to get on the property ladder and buy their first home or purchase a newly built home.

First launched in 2013, the schemes have altered with new ones added, some closing, and others extended. Figures from 2018 show more than 420,000 people have used the schemes to help them buy a home.

The schemes currently available are:  

  • Equity Loans
  • Shared Ownership
  • Mortgage Guarantee Scheme
  • First Homes
  • Right To Buy
  • Stamp Duty Relief

Mortgage Guarantee Scheme/95% Mortgages

The new Mortgage Guarantee Scheme has generated a lot of interest since it was launched earlier this year as it will give more opportunities to those looking to buy a new house, are in good credit but are unable to obtain a mortgage as they don’t have more than 5% as a deposit.

It follows on from the previous scheme in 2013 which was launched after 95% mortgages became scarce following the UK financial crisis.

In a nutshell, with the new scheme, the government act as a guarantor for your mortgage. The scheme is not only open to first-time buyers but existing homeowners wishing to move house too.

The period for applications is quite limited though, as the scheme will end December 2022 so if this is an option you are interested in, you need to consider moving quickly.

Help to Buy Individual Savings Account (ISA)

The Help To Buy ISA is an older scheme from the government where savers opening an account could claim up to a £3000 bonus on their savings from the Government.

Although the scheme closed to new applicants in November 2019, existing savers can continue to save into their account until 2029 and have up until 2030 to claim their bonus.

The great thing about the Help To Buy ISA is that it may be used with other government schemes such as the revamped Equity Loan scheme. If you opened a Help To Buy ISA before the deadline it is worth continuing with savings as combining the bonus with another Help To Buy Scheme could put you in an excellent position to buy your first property.

How Can A Mortgage Advisor Help?

Because of the range of schemes available and different companies or people vying for the attention of people looking to use government Help To Buy schemes, it can be very confusing trying to work out the ‘need to know’ aspects of the schemes or what to do!

You may have many questions including which of the schemes is right for you? What type of property you can buy? And what are the benefits of using one of the schemes?

We can help assess your eligibility for the scheme you are interested in, explain your future options, how much you could borrow, and offer advice on finding a solicitor and what insurances you will need.

We aim to make Help To Buy easy and accessible to you and save you a lot of work having to research the various options and work out what is right for you. If any of the options are right for you then we will go the extra mile to find a mortgage product for you and make the process as simple as possible.

We can also offer advice to anyone with an existing Help To Buy ISA finding a great mortgage deal for you.

Right To Buy, which has been around longer than the Help To Buy programme but is now a part of it may also be an option we can help with if you are a council tenant looking to purchase your home.

Burnett Mortgages Help To Buy Advice

For a quick chat about any of the schemes or to book an appointment, please contact us through our website or call us on 01302 436 333.

 

Your home may be repossessed if you do not keep up repayments on your mortgage.

 

There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £399.

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What Our Clients Think Of Us

  • December 2020 “This is our second re-mortgage using Simon and on both occasions he has provided us with a first rate service. Personable, responsive, kind and extremely good at his job. I highly recommend him and will continue to use his services as long as he’s offering them!

    Also a thank you to Paulina, who has recently joined Simon’s team and kept in regular touch throughout as well as being very friendly and efficient.”

    Juliette Prosser- December 2020

  • “Simon has just helped us remortgage our help to buy mortgage. He has been so supportive through this process going over and above!
    He got us a great deal on our mortgage too. Would definitely recommend him!!”

    Rachelle Mclennan – July 2021

  • Simon took on a challenge for my daughter – less than two months into a new job with time off on sick for Covid testing, turned down elsewhere, and not only found a mortgage that was 25% more affordable, but got it over the line within a week. Thank you – you’re a legend!

    Guy Nottingham – January 2021

  • “My girlfriend & I were left in a tricky spot after our mortgage application was declined having already had an offer accepted. As a first time buyer this was very stressful but Simon consistently reassured us throughout the process. He was extremely responsive to all questions and sorted us a mortgage with a better rate than any other we could find online in less than two weeks. We will definitely be using his services & we can’t recommend him enough!.”

    Nathan – February 2021

  • “Best service we could have hoped for! Simon got us the right mortgage quickly, was professional, friendly, super responsive and delivered what we needed in a difficult Covid-19 time time, all whilst explaining everything through to us. Burnett Mortgages even went the extra mile sending us a thoughtful and lovely moving in gift, which just cemented that caring touch we experienced throughout. We couldn’t recommend Simon, Paulina and Burnett Mortgages highly enough! Will definitely use them again in the future.”

    Rebecca Hastings, July 2021

  • Simon was excellent from start to finish and in very unusual circumstances. He dealt with our mortgage managing to get us the best deal possible in a time of economic uncertainty and made sure our life insurance was up to scratch too. Despite not being able to be in face to face contact due to restrictions imposed at the time communicating was simple, regular, supportive and effective. He was easy to talk to and happy to deal with questions. He certainly went above and beyond to get us relocated and was excited for us even sending us a congratulatory gift. We will most certainly be returning when it is time to remortgage.

    Alexis – October 2020

  • “Where do we start with Simon, we can’t recommend him enough. This time we re-mortgaged after he found our first mortgage on our first home. Simon is so easy to talk to, and he always goes the extra mile to help his customers. Any stress you have you have about your mortgage dwindles away as soon as you speak to Simon. Every little detail he explains to you in a way that it is easy for anyone to understand, so you will never sign anything you are unsure about. We can’t thank Simon enough and we will sure be in touch when its time to re-mortgage again.”

    Colette Hunt – May 2021

  • “Excellent service. Both Simon and Paulina were very helpful guiding us through the process and answering all of the questions we had. Communications level has been fantastic and the application had progressed very efficiently. Thank you :).”

    Paulina Lucewicz April 2021

  • “I cannot recommend Simon enough. He is professional, trustworthy, caring and knowledgable. Simon arranged both our mortgage and our protection. Unfortunately, we found ourselves in a position where we had to claim on the critical illness cover. Without his advice and cover we would have found ourselves in a sorry state. His attention to detail and no-nonsense approach to explaining each product ensured that we were covered. He has eleviated a huge financial burden at a very stressful time. I can’t recommend him enough. I will never use anyone else. This man really does go above and beyond.”

    Nicki – December 2018

  • “Moved into our first home today after the incredible support from Simon. Hasn’t been a simple journey, with obstacles in our way (from seller and seller solicitors) but Simon was consistent throughout and was availiable at all times of day during the week to make things as easy as possible. Always worked around our awkward schedule including house visits on a Friday night. Can’t recommend him enough. Thank you so much Simon!”

    Jessica

  • “We came across Simons website when we were searching for a local mortgage broker. We had just had our mortgage declined from a bank because I only had one years accounts. I emailed Simon and had a response from him within the hour, he said he’d try his best to help us out. He phoned us a few days later to talk about our situation and why we had our previous mortgage declined. With us being first time buyers we were stressed out and we didn’t want to loose a house that we had fallen in love with. Simon made sure that he gathered as much information as possible from me and my boyfriend and found a mortgage and had it accepted within a week or so. I would recommend him to anyone who is struggling to get a mortgage, he’s very down to earth, friendly and professional and we will continue to use him if we ever buy another house in the future!!”

    Megan Randall – February 2021

  • “Simon is totally reliable, trustworthy and professional he went above and beyond to ensure that our mortgage was ported across to the new house we were buying in time for the completion date we had agreed. I would thoroughly recommend Simon to all of our friends and family and would have no hesitation in using him again to arrange a mortgage.”

    Steven Wheeler – August 2021

  • “We came across Simons website when we were searching for a local mortgage broker. We had just had our mortgage declined from a bank because I only had one years accounts. I emailed Simon and had a response from him within the hour, he said he’d try his best to help us out. He phoned us a few days later to talk about our situation and why we had our previous mortgage declined. With us being first time buyers we were stressed out and we didn’t want to loose a house that we had fallen in love with. Simon made sure that he gathered as much information as possible from me and my boyfriend and found a mortgage and had it accepted within a week or so. I would recommend him to anyone who is struggling to get a mortgage, he’s very down to earth, friendly and professional and we will continue to use him if we ever buy another house in the future!!.”

    Megan – February 2021

  • “Simon gives 100% in all aspects of his work. Highly recommended.”

    Rick

  • Very professional, honest and always at the end of the phone to guide you through everything you need. 100% recommend to anyone. Extremely happy with the service and will use for many years to come.

    Steve Fairhurst – December 2020

  • “I couldn’t thank Simon and his team enough for helping me get on the property ladder. He could never do enough to help through the process. As a first time buyer I didn’t have a clue and any question I asked he answered with my best interests at heart. I would advise anyone who is thinking of using a mortgage advisor to use Simon and his team. I will be definitely using him in the future when it comes to remortgage time and thanks to Paulina who chased the solicitors making them pull there finger out. Thank you once again.”

    Matthew Lindley – May 2021

  • “We have found Simon to be a most helpful mortgage adviser. He is knowledgable and listens to clients’ requests and needs. He is very prompt in communication and always goes that extra mile to help. I would have no hestitation in recommending him for mortgaging advice.”

    Suzanne

  • “Me and my partner had Simon help us when we first decided to buy a property together neither of us had any experience and at the time we had an average if not low credit score Simon was able to talk us through the process and what we could do to raise that score and look at options available to us. Simon has helped us through every stage and has been an absolute diamond answering questions that we had no clue about. It is always a pleasure talking to Simon he works his best and looks at all options, he is very efficient and is true to his word. He has now helped us not only initially get onto the property ladder but with a variety of other questions in relation to our mortgage and we recommend him highly to anyone who needs help”

    SarahJane Ward April 2021

  • “Me and my partner were 1st time buyers and had no idea what we was doing with any paperwork or what to apply for. Simon and Paulina calmed all nerves and helped us every step of the way. Nothing was any trouble for them and no question was too stupid (I asked some stupid ones).

    I would highly recommend Simon to anyone who’s looking for their 1st home or people remortgaging.”

    Will Gregorick – April 2021

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Your home may be repossessed if you do not keep up repayments on your mortgage.

Not all Buy to Lets are regulated by The Financial Conduct Authority.

As with all insurance Policies conditions and exclusions will apply.

You may have to pay an early repayment charge to your existing lender if you remortgage.

There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £495.

Burnett Mortgages Limited is an Appointed Representative of Stonebridge Mortgage Solutions LTD, which is authorised and regulated by the Financial Conduct Authority. Registered Office : Burnett Mortgages Limited, 115A Scrooby Road, Bircotes, Doncaster. DN11 8JN. England. Registered Company Number : 11224301. Registered in England and Wales.

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