Find the right mortgage deal for you
If you're looking to buy a property, then it's likely you'll be interested in finding a mortgage too.
As part of our extended service we introduce to Embrace Financial Services - a mortgage and protection expert.
Why choose Embrace Financial Services
|Choice - They have access to 1000s of mortgage deals from 100s of lenders, including well known high street providers. These often include exclusive deals that cannot be accessed by going direct to the lender.|
Safe - Advisers will conduct secure video or telephone appointments so you can get expert advice from the comfort and safety of your home.
Tailored - Embrace Financial Services will listen to your needs and circumstances and recommend the best products for you.
|Communication - They provide excellent communication and will stay in touch every step of the way. All documents can be shared safely and quickly electronically.|
If you would like to see if they can get you the best deal on your mortgage, call them on 01392 453585 or fill in the form to request a callback.
We have listed below the financial advisers that provide expert advice to our Hawes & Co customers.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Embrace Financial Services usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
Amanda was born and raised in Middlesex and lives in Hillingdon with her husband and daughter. Amanda enjoys various activities including going to the theatre, ballet and travelling.
Amanda has worked in the financial services industry for over 30 years and has lots of previous experience in mortgage and protection advice.
Government mortgage schemes
Mortgage Guarantee Scheme
Announced in the March 2021 budget, the Mortgage Guarantee Scheme is available from April 2021 and offers the chance for first time buyers, as well as existing homeowners, to obtain a mortgage loan of 95% of the value of a property, provided they can raise a deposit for the remaining 5%. As it’s a high amount, lenders are being incentivised by the government (through a guarantee system) to encourage them to make the funds available to borrow.
Help to Buy: Equity Loan
Help to Buy: Equity Loan (2021-2023)
Help to Buy London is a government scheme designed to help first time buyers who have never owned a property/land before to advance up the property ladder in London.
The property you buy must:
- be a new build
- have a purchase price of up to £600,000, subject to regional price caps
- be the only one you own
- not be sub-let or rented out after you buy it
How does it work?
Help to Buy is an equity loan from the government up to 40% of the value of a property, provided you have a deposit of 5% you will only need a mortgage of 55% of your new home.
What properties can I buy with Help to Buy London?
New build properties within the 32 boroughs of London up to the value of £600,000 are eligible for the Help to Buy London scheme.
When getting a mortgage you will be able to borrow up to a maximum of 4.5 times your salary.
Help to Buy London equity loan example
|For a property worth £400,000||Amount||Percentage|
How do I pay back the Help to Buy London equity loan?
You must pay back the loan after 25 years or when you sell your home - whichever comes first.
You will not be charged any interest on the 40% loan for the first five years of owning your home.
However a management fee of £1 a month will be applicable from the date of purchase for the duration of the equity loan.
From year six, a fee of 1.75% is payable on the equity loan, which rises annually by CPI (Consumer Price Index) inflation plus 2%.
For full information about the scheme, please visit helptobuy.gov.uk