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Tuesday 17 August 2021
Tuesday 17 August 2021
Tuesday 17 August 2021
Tuesday 17 August 2021
Are you looking to buy your first home but struggling to meet the 10% deposit requirement? The Help to Buy scheme in Dorset could be the solution for you. With this scheme, you only need to save 5% of the property's value, while the government lends you up to 20% of the full purchase price for a new-build home. This initiative aims to make mortgages more affordable, particularly for younger buyers who may not have a large deposit saved.
How the Help to Buy Scheme Works
To qualify for the Help to Buy scheme, you must meet the following criteria:
Purchase your home from a registered home builder.
Be at least 18 years old.
Be a first-time buyer.
Ensure the property purchase price is within your region's limit.
This scheme provides a fantastic opportunity to purchase your first home with a lower upfront deposit, making homeownership more accessible.
Preparing to Buy Your First Home
Tips for Success:
Save Monthly: Regular savings not only help build your deposit but also prepare you for monthly mortgage payments.
Reduce Outgoings: Minimising expenses creates more funds for your deposit and demonstrates to lenders that you can manage repayments responsibly.
Clear Debt: Reducing or eliminating debt signals to lenders that your financial focus is on your mortgage, improving your application.
Why a Larger Deposit Helps
While the Help to Buy scheme lowers the deposit requirement, saving more than the minimum can still benefit you. A larger deposit reduces the amount you need to borrow, leading to lower monthly repayments and potentially better mortgage rates.
Why Choose Barrett Mortgages?
At Barrett Mortgages, we are a professional finance broker based in Poole, Dorset, with a reputation for providing clear, honest, and personalised advice. Since our establishment in 2009 by Darren Barrett, we’ve thrived in challenging market conditions by offering unparalleled service tailored to our clients’ needs.
We don’t just specialise in first-time buyer mortgages but also provide guidance on:
Self-employed mortgages
Buy-to-let mortgages
Remortgaging
Insurance products
Our fully qualified and experienced team is committed to delivering exceptional customer experiences without pushy sales tactics.
Contact Us for Help to Buy Advice
If you’re ready to take the next step toward homeownership, contact us today to learn more about the Help to Buy scheme and other mortgage options. Let Barrett Mortgages guide you onto the property ladder in the most efficient way. Check our Google reviews to see how we’ve helped others achieve their dream of homeownership.
Get in touch with us about Help to Buy Homes in Dorset.
Are you looking to buy your first home but struggling to meet the 10% deposit requirement? The Help to Buy scheme in Dorset could be the solution for you. With this scheme, you only need to save 5% of the property's value, while the government lends you up to 20% of the full purchase price for a new-build home. This initiative aims to make mortgages more affordable, particularly for younger buyers who may not have a large deposit saved.
How the Help to Buy Scheme Works
To qualify for the Help to Buy scheme, you must meet the following criteria:
Purchase your home from a registered home builder.
Be at least 18 years old.
Be a first-time buyer.
Ensure the property purchase price is within your region's limit.
This scheme provides a fantastic opportunity to purchase your first home with a lower upfront deposit, making homeownership more accessible.
Preparing to Buy Your First Home
Tips for Success:
Save Monthly: Regular savings not only help build your deposit but also prepare you for monthly mortgage payments.
Reduce Outgoings: Minimising expenses creates more funds for your deposit and demonstrates to lenders that you can manage repayments responsibly.
Clear Debt: Reducing or eliminating debt signals to lenders that your financial focus is on your mortgage, improving your application.
Why a Larger Deposit Helps
While the Help to Buy scheme lowers the deposit requirement, saving more than the minimum can still benefit you. A larger deposit reduces the amount you need to borrow, leading to lower monthly repayments and potentially better mortgage rates.
Why Choose Barrett Mortgages?
At Barrett Mortgages, we are a professional finance broker based in Poole, Dorset, with a reputation for providing clear, honest, and personalised advice. Since our establishment in 2009 by Darren Barrett, we’ve thrived in challenging market conditions by offering unparalleled service tailored to our clients’ needs.
We don’t just specialise in first-time buyer mortgages but also provide guidance on:
Self-employed mortgages
Buy-to-let mortgages
Remortgaging
Insurance products
Our fully qualified and experienced team is committed to delivering exceptional customer experiences without pushy sales tactics.
Contact Us for Help to Buy Advice
If you’re ready to take the next step toward homeownership, contact us today to learn more about the Help to Buy scheme and other mortgage options. Let Barrett Mortgages guide you onto the property ladder in the most efficient way. Check our Google reviews to see how we’ve helped others achieve their dream of homeownership.
Get in touch with us about Help to Buy Homes in Dorset.
