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0247 655 1919
The prospect of buying your first home could be both daunting and confusing. Our aim is to guide you through the transaction from start to finish so that you understand exactly what the purchase entails and how much it will cost. We can recommend the services of local solicitors to assist in this process. This maybe the largest financial transaction you are ever likely to make so it must be done with clarity.
Prior to the credit crunch, the property market moved very fast which led to significant increases in property prices. This made it very difficult for many people to afford to buy a home, particularly for first time buyers.
The credit crunch of 2007 saw property prices drop considerably in many regions of the UK, making housing more affordable. However, since the 4th quarter of 2013, we have seen an improvement in the housing market and house prices have started to rise again.
The effects of the credit crunch and the continued financial uncertainty globally means that mortgages may still be difficult to find and we believe borrowing criteria is likely to remain stringent. There are, though, still a significant number of lenders to choose from, and we will search a comprehensive range of mortgages from across the market to find a mortgage appropriate to your requirements.
There are actually some advantages to being a first time buyer. Interest rates are currently very low, and first time buyers are more appealing to sellers because they are not in a chain.
As we have access to many lenders we are well placed to assist you, however these days it is a necessity to provide a substantial deposit in order to get a mortgage (although there are a number of 95 per cent mortgage deals around), and you may be eligible for further assistance from the Help to Buy Scheme.
Help to Buy: Equity Loan
In April 2013, the Government rolled out the first phase of a new Help to Buy scheme, which offers equity loans to first time buyers (as well as existing homeowners) by providing borrowers with a loan for 20% of the property value. This scheme applies to new build properties only, and with the purchaser being required to put down as little as 5% as a deposit, a mortgage of only 75% would be needed from a lender.
This scheme is available in England only until 2020. Different variations to the Help to Buy scheme apply in Wales and Scotland.
Call us now or use our mortgage enquiry form and we'll be delighted to assist you.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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Thanks so much for your persistence and patience with our house sale – we finally moved.
Wishing you all the best for the future.
Many Thanks for your expertise but especially your patience in helping me to sell Park Road
Dear Nick
Just a huge thank you for all what you have done for John and I, we wouldn’t have done it without
your help. Sorry if Ive nagged you at all but there again I am a nagger ask Candi. If you’re every up
In Skeggy you will have to pop in. Once again Thank You very much for all your hard work.
Nick & Staff
Thanks for all the support, help, professionalism and good humour (and the cups of coffee!)
To Everyone at Alternative Estates
Thank you very much for all your help in selling my house, you stayed with me, gave me no hassle
and advertised. Cant thank you enough!
To Nick & Staff Alternative Estates
Just a small token of appreciate from Lilah, Son-in-Law Bill, Daughter Valerie and her Grandson Gary
For your services regarding Lonscale Drive
Dear Nick
Thanks for your help in selling my Sisters home. We appreciate all you have done for us. Also
Thank Carla and All the other girls who have been very kind to us.
John Maher & Staff
Thanking you for all your support over the years
Best regards Kenton & Carol
To All at Alternative Estates
Thank you for dealing with sale of Mums house in Johnson Road. It took a while but we got there
In the end thro your efforts
To All at Alternative
Thank you for all of your help and support selling our Flat, and for making it as stress free as possible.
Thanks Nick for all your help and support. Couldn’t have done it without you.
TO Carla, Nick & Everyone at Alternative Estates
Thank you all for your excellent service and diligent attention in the purchase of my Flat :)
Thank you All very much for your help. We got there in the end.
Thank you Nick
Thank you once again for the professional advice and assistance in dealing with Tenancy agreements. I’m sure I’ll be calling you again in the future for more help & assistance, so for now
Good luck for the future and look forward to meeting up with you and your staff again.
With grateful thanks for your kind help! Its much appreciated, Enjoy the Chocs!!
Dear Sue, Carla and all the Team at Alternative Estates
Many thanks for selling Ferndale Road, it’s a great relief to know its finally sold, yours faithfully
Thank You So Much
For all your help and support
To Nick & Alternative Estates
Thanks for helping us buy our first home! Sorry for all the questions, most certainly recommend you
To everyone.
Dear Nick
We would like to thank you for all your helpful advice which guided us throughout the purchase
of our first family home! We wish you all the best both professionally and personally. Thank
you again for everything!
To Nick
We’ve had withdrawal symptoms! Thank you so much for your advice, patience, humour and time whilst we have bought our first house. We’ve really appreciated everything you have done for us.
To Nick & Team
Thank you for your help
Dear Annette
Thank you
Joanna & Nick
Thank you both so very much for all that you have done for me, and the very quick sale of my home
Dear Nick
A long time coming…. Finally completed, all two weeks before Christmas and with Natalies help,
sorted for New Year. I am sending you my “grateful” thanks for all the help you gave and in
pointing us in the right direct (hopefully). Do hope you had a nice Christmas and wish you and
The Family a very Happy, Healthy and successful New Year. Od Bless again and my grateful
Dear Joanna
Thank you so much for all the hard work you put in to selling my house. I really appreciate it.
Will you also say thanks to Annette & Sue for their work as well. I feel really relaxed now,
And can start looking for a house to buy. (I now know which certificate to ask for Ha Ha)
A big thanks once again!
Nick, Sue and All Staff
Thank you all for your help in selling my house – you’re all great
To Alternative Estates (especially Annette)
Thank you for all your help and for dealing with all matters so promptly during my time at
Chaceley Close
Thank You - For all your hard work and encouragement
To Joanna
You’re so kind, Kindest regards
Dear Nick
Thanks so much for all your help, much appreciated.
To Nick, Joanna and all at Alternative Estates
‘Thank you’ for everything that you have done in organising the sale of Mum’s bungalow in Beaufort Drive.
To Annette
Thank you for all your help with our new home. I think the boys & I are going to be very happy here.
To Sue, John and Carla,
Thank you for your help and for getting ‘results’ !
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CONTACT US
Alternative Estates & Financial Services Ltd
7 New Union Street
Coventry
West Midlands
CV1 2HN
T: 0247 655 1919
F: 0247 655 1278
Email Us
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