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    5% Deposit Mortgages

    Struggling to save for a deposit to buy a house? Let Agentis bring some much-needed clarity to your mortgage search.

    As a Whole of Market mortgage advisor, we have access to deals you won’t find anywhere else. Let us help you make your move.

    We don’t just look at the short-term solution. While your immediate goals will be to get on the property ladder, which we are dedicated to helping you achieve, we also look at the bigger picture. We work with both your short and long-term property goals.

    Looking for a mortgage broker in Peterborough? Get in touch to book your free initial consultation.

    Whole of Market Advice

    Below are some of the lenders we deal with, however we have access to the whole of the market, including exclusive deals that you won’t be able to find yourself.

    Which Schemes Offer 5% Deposit Mortgages?

    Various Government-backed schemes come with a 5% deposit mortgage. We can talk you through your options and identify the best one for you.

    The Process

    Let us walk you through the 5% deposit mortgage.

    • Costs you need to consider
    • How to improve your credit rating
    • Understanding how 5% deposit mortgages work and if you’re eligible
    • Discuss your options
    • Find out how much you could borrow
    • Calculate how much deposit you may need
    • Ways of repaying your mortgage
    • Compare interest rates from across the market to find the best deal
    • Get a decision in principle
    • Help you apply for a mortgage

    How do I apply for a 5% mortgage?

    Get in touch to arrange your free initial consultation with us. Your dedicated mortgage advisor will help find the right product for you and make the process as efficient as possible. We go the extra mile, helping with the paperwork and negotiating with estate agents and conveyancers. It’s all part of the excellent service we provide, and why first-time buyers come back to us for future advice.

    What Our Customers Think

    Star Rating Icons Agentis Financial & Mortgage Solutions

    We cannot recommend Christine from Agentis enough. She has arranged our mortgage for the past 8 years and makes the whole experience so easy and stress free. She is extremely knowledgable and always secures us the best possible mortgage – we wouldn’t use anyone else! Highly recommended.

    Clare Gray

    Star Rating icons Agentis Financial & Mortgage Solutions

    I couldn’t be more happier by choosing Agentis Financial for my first mortgage. I appreciated the time Christine took to explain everything to me and to answer the questions I had. Been very helpful and negotiated the offer for me, saved £3000! Thank you so much

    Indre Talmantaite

    Star Rating Icons Agentis Financial & Mortgage Solutions

    I will never use anyone else. Agentis have helped me with house purchases and re mortgages. I have also recommended them for my sisters first time buy. Christine is always a pleasure to deal with and never fails to get you the best deal.

    James Astill

    Meet The Team

    Established in 2014 by Christine Long and David Mortell, Agentis is an expert mortgage broker in Peterborough. We are a family-run business, now with a growing team of specialist advisors to help individuals, couples and families find and manage their remortgages.

    We’re regulated by the Financial Conduct Authority, so you can choose us with confidence.

    Frequently Asked Questions

    What are the key eligibility criteria for 5% deposit mortgages?

    This type of mortgage is designed for first-time buyers or home movers. Key eligibility criteria include:

    • For properties valued £600,000 or less
    • Must have at least 5% deposit saved
    • Residential mortgage (government-backed 5% deposit mortgages are not suitable for second homes or buy-to-let properties)
    • Repayment mortgage (not interest-only mortgage)
    • Not suitable for commercial mortgages
    • Not suitable for new build properties

    What is the maximum LTV currently offered?

    The maximum LTV (loan-to-value) rate currently offered under the Help to Buy scheme is 95%.

    When should you contact a mortgage broker?

    As soon as you know you want to buy a property, speaking to a mortgage broker can help you get your search off to the best start. Knowing how much you can afford and whether you’re likely to qualify for a Help to Buy scheme will bring clarity to your purchase.

    What will a mortgage broker need to know about me?

    All mortgage brokers need to know information relating to your financial health. This includes your credit score, income, expenditure and savings. Importantly, they will need to know that you have at least a 5% deposit saved to qualify for a Help to Buy.

    Is the Mortgage Guarantee scheme still available?

    No – the Mortgage Guarantee scheme is no longer available. The original scheme was discontinued in 2016. However, there are plenty of other Help to Buy schemes that come with a 5% deposit to make buying a property a little more manageable.

    Still Have Questions?

    Ready to find the best mortgage rate for you?

    Let us know the best way to reach you and some details about your project, and one of our experienced mortgage brokers will be in touch with you to talk you through the next steps.

    In a hurry? Speak to our team on 01733 367800 to get started today.

     

     

    Get in Touch

    We have access to the whole of the market to enable us to get you the very best deal that meets your needs.

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