First Time Home Buyer Loan Guide
First-Time Home Buyer Loan Guide: Explore Shared Ownership and Equity Mortgage Options
Buying your first home is an exciting prospect, however; it can feel overwhelming knowing where to start to get onto the property ladder.
We’ll explain all your options in plain English. Whether it’s a first-time home buyer loan, Help-to-Buy Individual Savings Account (ISA), a Help-to-Buy equity loan or a shared ownership mortgage, there are plenty of products to assist you in getting onto the property ladder.
Our friendly team of experienced mortgage advisors in the UK are here to help you make your first move!
Want to Start Viewing Properties? Discover Help to Buy and Shared Ownership Mortgages
You’ll need to complete a Decision in Principle (DIP), which will give you an indication of the amount of funding that we can secure for you. Most estate agents need to see this to show that you’re a serious buyer.
There’s no charge for this, and no obligation to apply for a mortgage with us.
Help to Buy: Secure Your Dream Home with Equity Loan and Shared Ownership Options
If you would like more information on the Help to Buy Scheme, you can visit the official government website by clicking below.
Frequently Asked Questions
1. What is a first-time home buyer loan?
A first-time home buyer loan is a mortgage designed to help individuals purchase their first home. It often features lower down payments and favourable terms to make homeownership more accessible.
2. How does the Help to Buy equity loan work?
The Help to Buy equity loan allows buyers to borrow a percentage of the property price from the government, reducing the initial deposit required and making homeownership more affordable.
3. What is a shared ownership mortgage?
A shared ownership mortgage allows buyers to purchase a share of a property and pay rent on the remaining share. This option makes buying a home more affordable by reducing the initial purchase cost.
Get In Contact: Learn More About First-Time Buyer Shared Equity Mortgages
Whether you are looking for a first-time home buyer loan, your first mortgage, a mortgage to move home, to remortgage or tap into the equity of your home, Kingston Finance can guide you to the most suitable solution for you.