One of the most popular ways to utilise Help to Buy in Coventry, is by using the Shared Ownership Scheme.
With this scheme, you typically purchase a share of the property, usually between 25% and 75%, and pay rent on the rest. In some cases, you may be able to purchase as little as 10%.
This scheme is ideal for those who can’t quite afford a 100% mortgage and are looking for a more affordable way to get onto the property ladder in Coventry.
As your mortgage advisors in Coventry we have worked with many Shared Ownership applicants and have seen that many buyers choose to increase their share of the property down the line.
This is usually once they have settled into their new home, gained an extra source of income or received a pay increase, which allows them to afford a larger share.
We understand that the process of buying a home can be daunting, and that’s why we offer expert advice on all of the Help to Buy Schemes, including the most common Help to Buy mortgage scenarios.
Whether you’re a first time buyer in Coventry or a current homeowner looking to move up the property ladder, our team of mortgage advisors in Coventry can help guide you through the process of choosing the right Help to Buy Scheme for your needs.
We pride ourselves on providing transparent, honest, and up-to-date advice to ensure that our clients can make informed decisions about their mortgage.