MORTGAGES
Looking to buy your first property?
Excited, overwhelmed, anxious, stressed all of the above?
The thought of owning your first property can be an exciting but scary prospect, with such a large financial commitment over a long period it is important that you get this right.
This is why it is imperative to seek expert advice from an impartial source to ensure that everything goes smoothly and more importantly is right for you, we have access to the whole mortgage lending market place.
This is especially the case with such a lot of misinformation online about securing a mortgage.
Presently, a minimum of 5% deposit is required before you can be considered for a mortgage for a first-time buyer.
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Help to buy Mortgage Scheme - NEW BUILD
First-time buyers should also consider the help to buy mortgage guarantee scheme. We can help assess whether you qualify for this scheme, this could give you the ability to secure a home with a 5% deposit, the government will provide an additional 20% under the Help to Buy loan scheme.
To do this, you cannot own another property in the UK or overseas, nor can you intend to rent the property out. The house should not cost more than £600,000, and you must be a first-time buyer. We can help you with the government help to buy application.
We can help you to determine whether this scheme is right for you, and look at any other options available to you. Each building society and bank will have different rules and levels of affordability when evaluating your expenditure and income.
We can help you to determine the right mortgage product for you following completion of an initial Factfind, where we will gather all of your information & preferences to determine whether you will require stable monthly repayments over the initial period of your mortgage.
The buying process
Ok, so securing the perfect mortgage deal is just the first step to buying your dream home. But, don’t worry, we are here to help every step of the way, from making the best offer for you to having the keys and moving in.
We want to make sure that moving into your new home is as exciting and as enjoyable as possible. We will take your individual circumstances, expenses, income, savings, and future plans, into account.
This means we are able to advise you of the ideal solutions for you.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Steps to take when buying a property
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We can work out the amount you will be able to borrow.
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We will obtain an initial lender decision in principle from the mortgage lender
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Put in your offer.
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We will arrange your mortgage application.
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A survey will be carried out by a mortgage lender.
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Contracts are exchanged.
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All legalities will be dealt with by a solicitor, this is something that we can help you with.
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You receive the keys and move into your new place!
KERRY MOSS FINANCIAL SERVICES LTD
Kerry Moss Financial Services Ltd is an appointed representative of Stonebridge Mortgage Solutions Ltd which is authorised and regulated by the Financial Conduct Authority. Registered Office: 6 Pennyholme Close, Kiveton Park, Sheffield, S25 6PT. Company Registration No. 12502495. Registered in England and Wales. FCA No. 953294