When you’re purchasing a house, it’s best to get all the advice you can as there’s plenty to consider – the deposit, your credit score, the right mortgage, and of course, all other financial aspects that come with buying a home.

If you’re looking at buying a home in Liverpool, then you’re in the right place – at LTC Mortgages, we can provide you with quality advice to streamline the home buying process.

Why Do You Need Home Purchase Advice?

Before you start looking at homes, it’s recommended that you calculate how much you can borrow, or how much you’ll need to save in order to purchase. This will give you an insight as to the types of properties you can afford, so you’ll be looking in the right direction.

We’ll discuss your income with you to gain a better understanding of your circumstances. Typically, mortgage lenders will loan around 4.5 times the combined annual income of yourself and whoever you’re purchasing with.

However, they’ll also take into account any debts you may have, as well as your spending habits and other personal circumstances.

Home Purchase Advice Liverpool

We’ll give you advice on deposits, it’s generally better to provide a bigger deposit if possible. This will likely result in better interest rates on your mortgage.

If you’re a first-time buyer in Liverpool, we can talk you through the Government’s Help to Buy Scheme – which enables you to provide just a 5% deposit.

We can also give you advice on your credit rating, including how you can improve it. Your credit profile can determine the types of interest rates you’ll be looking at and can determine whether you’ll be accepted for a mortgage at all.

However, we always recommend that you check your credit profile before you even think about purchasing a home – Equifax, Experian and TransUnion are the three main ones.

Our advice can help you find the right mortgage for you. We have extensive knowledge of the industry and the Liverpool area and can share our insights with you to streamline our home-buying journey.

Help To Buy Scheme

You can receive up to 20% of the property’s value as a Government equity loan – and the rest is taken out as a H2B (help to buy) mortgage – for example, 75% mortgage, 20% equity loan, and a low 5% deposit.

We can give you all the information you need about the Help to Buy Scheme – and discuss your eligibility. To be eligible, you must be a first time buyer – and the loans are only available for new build homes valued at less than £600k.

You can’t buy another home with the help of the scheme, and you also can’t part-exchange or sublet the property. We can make sure that you’re on the right track, and use the scheme in the best way you can.

Home Purchase Advice Liverpool

Liverpool is one of the UK’s most popular cities – it’s got a rich history and of course, is home to The Beatles. Liverpool has a booming business scene, with countless businesses from crazy golf to cat cafes – and naturally, a never-ending array of bars.

There are many districts that make up Liverpool, all of which are full of houses. Whether you’re looking at homes in Liverpool City Centre, Everton, Speke, Crosby, Kensington, Huyton, Walton, or one of the other popular areas in or around the city, then we can provide you with quality home purchase advice.

At LTC Mortgages, we have over a decade of experience in financial services and know how you can get the best mortgage possible. We understand that it’s not just about getting a mortgage – it’s about finally getting the keys to your new home – and we can help you get there.

We’re highly flexible, and can provide you with the advice you need either face to face or over the phone whenever you need us. We can help you get the right mortgage in Liverpool for you as well as choose the best protection for you.

We have a firm understanding of the industry and can offer advice on over 50 of the UK’s most popular lenders, improving the chances of you getting the perfect mortgage for your new home.

Get FREE Mortgage Advice In Liverpool

Fill in our contact form and one of our specialist mortgage advisors will be in touch within 24 hours of your enquiry.