
Are you a first time buyer and looking to get onto the property ladder in Cardiff or the surrounding areas?
Our experienced mortgage advisors in Barry and Cardiff can assist by obtaining the right mortgage for you, depending on your individual financial circumstances. Typically, for a mortgage you can have as little as 5% deposit, there are also schemes which are family assisted that require NO DEPOSIT yes you read that right.
There are many of acceptable deposits that can be used for a mortgage application but making sure you can evidence the deposit is the most important. These deposits can also come from all different sources, Family/Relative gift, savings, equity from the sale of a property, equity from another property (e.g. buy to let property) there are many of sources this can come from and making sure it is put to the right mortgage lender depending on the source is vital.
In regards to deposits, there are some great schemes available for first time buyers and getting onto the property ladder. This process can be daunting so making sure you get the right mortgage advisor ready for when you are in that position.
Here are some great schemes that may interest you:
- Help to buy
- Shared Equity
- Shared ownership
- Joint borrower, sole proprietor
- Family assisted mortgages - springboard mortgage, family deposit mortgages
We are available for all your mortgage related questions, if you would like to find out more about these schemes please don't hesitate to contact me.
****YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON YOUR MORTGAGE****
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