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Help to Buy Mortgage Advice in Derby

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Help to Buy Mortgage Advice in Derby
Across All Schemes

As a Mortgage Advisor in Derby, it is our job to explore and explain the different schemes available to you. Before we look into the Help to Buy schemes, we will research the possibility of you getting accepted for a standard mortgage with a 5% deposit and discuss these options with you until we find the most suitable way forward for your personal situation.


Help to Buy commonly applies for First Time Buyers in Derby who are looking for that extra bit of help in order to make that first step onto the property ladder in a newly built home. There are various schemes that come under the Help to Buy umbrella, in our experience the two most popular options are the Help to Buy Equity Loan and Help to Buy Shared Ownership.

Help to Buy Equity Loan

The Help to Buy Equity Loan scheme is one of the more popular options, allowing you to receive a loan from the government of up to 20% of the cost of your newly built home. You will also need a 5% cash deposit on top of this 20%, leaving you a 75% mortgage to pay off. You will not receive any interest fees on this 20% across the first five years of you having ownership of this newly built home. Although, if you have not paid off this 20% by the end of these five years, you will be charged interest on the loan until you pay it off.

Help to Buy Shared Ownership

Help to Buy Shared Ownership scheme, you can typically buy as little as 25% (though this can be lower) or as much as 75% of a home and pay rent on the rest.  If you can’t quite afford the mortgage on 100% of a home, Help to Buy: Shared Ownership offers you the chance to buy a share of your home (usually between 25% and 75% of the home’s value) and pay rent on the remaining share. Later on, you could buy bigger shares when you can afford to.


As your expert Mortgage Broker in Derby, we are able to provide Help to Buy Mortgage Advice across all schemes. Find out more information about Help to Buy schemes available to you and the most common Help to Buy mortgage scenarios below.


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Your Mortgage Broker in Derby is here to provide you with expert Help to Buy Mortgage Advice in Derby.

We will always recommend you with the best option for your individual circumstances and make sure that you feel happy and secure through the whole Help to Buy process.


Here are some of the most common Help to Buy mortgage situations that we come across:

  • This makes it possible to buy a home with just a 5% deposit whilst Help to Buy Shared Ownership deposits are typically much lower than buying traditionally.
  • With a Help to Buy: Equity Loan, the Government lends you up to 20% of the cost of your newly built home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest.

Get in touch with a Mortgage Advisor in Derby and receive a free mortgage consultation.

Find out more information about the Help to Buy schemes available to you at Gov.uk

Why should you choose us as your Mortgage Broker in Derby?


We have years of valuable experience within the mortgage industry and our expert Mortgage Advisors in Derby are more than capable of finding the best Help to Buy deal for your personal situation.


We’ll see if you qualify for the Help to Buy scheme and if you have more deposit available, we can compare this to a regular mortgage without the loan.


Our team of qualified Mortgage Advisors in Derby are available to answer all of your Help to Buy questions 7 days a week! If you are a bit confused with all of the Help to Buy schemes, just give us a call, we will always be open & honest with you and try and direct you onto the right path.


We provide a fast & friendly Help to Buy mortgage advice service in Derby and we can’t wait to guide you through the process. The Help to Buy process isn’t always that easy, we will always try our best get over any hurdles that we face.


We go above and beyond for every customer that comes our way meaning that you get you through the Help to Buy process stress-free and with ease. You can see what our amazing customers have said about us in our fantastic reviews.

What our customers say

Common mortgage

As an applicant looking to make use of the Government Help to Buy Scheme in Derby, will need at least 5% of the sale price of your new build property. The Government will then loan you an additional amount up to 20% to the value of the property that you wish to purchase, though you must remember that it is a loan and you will need to pay it back eventually.

Your initial free mortgage consultation in Derby will last for roughly about one hour. An advisor will then recommend a mortgage for you, that you are under no obligation to accept and proceed with, if you decide it’s not for you.

As a dedicated and trusted mortgage broker in Derby, we will carry out a Fact Find to establish your circumstances & needs prior to recommending the most suitable mortgage for you. A credit check will then be required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued to you.

We would highly recommend you obtain an Agreement in Principle prior to property viewings in Derby, to avoid possible disappointment, especially as this can boost your bargaining position pre-making an offer and can be obtained with the help of one of our mortgage advisors in Derby, free of charge.

A standard Agreement in Principle generally lasts for between 30 and 90 days depending on which lender you are with. If your Agreement in Principle happens to expire, it can easily be refreshed.

If you’re looking to make any potential home improvements or consolidate any debt, then it can be possible to get a second mortgage on your home. Second Mortgages are also usable for if you are wanting to take out a mortgage for a family member, a holiday home or a Buy to Let.

If you have had credit problems, it could still be possible for you to get a mortgage, however, you may need to put down a higher deposit than usual. This could be 15% of the purchase price.

You may still be able to get a mortgage once you have submitted at least one year’s accounts. Typically we find that, for the most part, lenders will use your salary + dividend to calculate the maximum mortgage. Alternatively, some may go off your net profit.

To prove your income to a lender, it’s usually three payslips for an employee. If you are self-employed, it’s the latest 2 years’ accounts. In addition you will need to produce the lender with proof of ID, address and the latest 3 months’ bank statements.

Your free initial mortgage consultation will typically last up to an hour. Our team have the ability to obtain an agreement in principle within 24 hours. A formal mortgage offer will take about three weeks on average.

We make it so easy!
Our 4 step process

Step 1

Give us a call and a Mortgage Advisor in Derby will recommend the best Help to Buy scheme based on personal circumstances.

Step 2

Enjoy finding your dream home in Derby

Step 3

Make an offer on the property and once accepted, we will progress your mortgage application.

Step 4

We will be here to answer all of your mortgage questions right through till you get your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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