Lenders calculate affordability differently and therefore it's always a good idea to know how much you can borrow and then you have the peace of mind that you are looking at properties within your affordability.
We are happy to offer a free consultation where we will be able to advise how much you could borrow.
Rates if you're buying your first home
You can claim a discount (relief) so you don’t pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000.
You’re eligible if:
If the price is over £500,000, you follow the rules for people who’ve bought a home before
There are many options up to 95% loan to value. The more deposit you can put down, generally the lower the rate you will qualify for.
If you are struggling to raise a deposit, there are options available where a family member can provide a deposit on your behalf, earn interest on that money and get it back after 3 years.
Get in touch for more information.
You'll be in a much stronger position when putting an offer in on a property if you already have an agreement in principle for your mortgage.
Give us a call today, with a free consultation, we can provide you with an agreement in principle at no cost to you.
Another great option if you're struggling to save a deposit. With just a 5% deposit you can benefit from a Help to Buy Equity Loan if purchasing a New Build Property.
The Equity loan gives you a bigger deposit which will secure you a more favourable mortgage rate and you don't have to make payments to the Equity loan for the first 5 years.
Call us today to discuss in more detail.
Give us a call for a no obligation friendly chat. We are here to help and advise and we can help in all kinds of situations. Whether it be Self-Employed, Adverse Credit, benefit income and more.
Transform Mortgages Limited is authorised and regulated by the Financial Conduct Authority - Reference Number 815734. Data Protection reference - ZA440284 - Copyright © 2018 Transform Mortgages - All Rights Reserved.
Registered Address: 15 Coppice Close, BL6 4GE
Office Address: 185 Chorley New Road, Bolton, BL1 4QZ