Purchase
Whether you are buying your first home or moving, we are here to help
Purchase
Whether you are buying your first home or moving, we are here to help
First Time Buyers
Buying your first home is going to be the single biggest purchase you have made in your lifetime. At Chartwell we are here to take the stress away from you and guide you through the process. Initially we will provide you with an idea of what your borrowing capability is and how much it will cost you, and then we work closely with you throughout the application and legal processes until you get the keys to your first property.
Moving Home
You may have bought and sold various properties over the years, but moving home remains one of the most stressful times. With the mortgage market continually changing, we are able to recommend the perfect mortgage to ensure that moving home is as simple and seamless as possible.
Government schemes
We are specialists in arranging mortgages for the various housing schemes that are available. We have forged strong relationships with the government’s home-buy agents, housing associations and UK house builders, and are trusted to work with our mutual clients to offer them the right advice.
Below is a brief explanation of the most popular and well-known types of schemes available.
Help to Buy Equity Loan
With a Help to Buy equity loan, the government’ lends you up to 20% of the cost of your new-build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. You won’t be charged loan interest on the 20% Government Loan for the first five years of owning your home.
London Help to Buy Equity Loan
To reflect the property prices in London, from February 2016 the Government increased the upper limit for the equity loan it gives new home-buyers within Greater London from 20% to 40%.
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Shared Ownership
Shared ownership schemes (part buy / part rent) are provided through housing associations and councils and Chartwell Funding work with some of the largest in the UK. You buy a share of your home (between 25% and 75% of the home’s value) and pay rent on the remaining share and you only need a deposit based on your share. You can buy bigger shares at a later stage when you can afford to.
With shared ownership, you can buy a newly built home or an existing one through resale programmes from housing associations. You’ll need to take out a mortgage to pay for your share of the home’s purchase price, or fund this through your savings.
Shared ownership properties are always leasehold, and you can buy a home this way if your household earns less than £80,000 per annum (£90,000 inside greater London).
If you would like to know if you are eligible for one of these schemes, please contact one of our shared ownership experts and we will talk you through your available options.
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Chartwell Funding Limited is authorised and regulated by the Financial Conduct Authority and is entered on the FCA register (www.fca.org.uk/register) under reference number 458223. Registered office Fromeforde House, Church Road, Yate, BS375JB. Registered in England number 05875291.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.