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Mortgage Advice Annan

Mortgage advice for first time buyers, home movers and those looking to remortgage in Annan

Mortgages in Annan

With a population of  8,700 and an average house price of £127,965 from 628 sales over the last 5 years it is fair to say Annan's housing market has continued to be bouyant throughout the last few years.

Known for its Riding of the Marches to celebrate the royal charter and boundaries of the royal burgh. Its town hall has been an ever present since been built in 1878.

 

With a thriving high street full of independent business, great schools and nurseries Annan is a perfect location regardless of whether you are buying yiour first time buyer, your next home or are looking to remortgage your current property.

 

With access to the whole of the market I can help you secure a mortgage that meets your needs and circumstances.

Scottish First Home Fund in Annan

Scottish LIFT Scheme in Annan

Scottish Help to Buy in Annan

First Home Fund Shared Equity Loan

FIRST HOME FUND

Open to first time buyers anywhere in Scotland this government backed scheme offers up to £25,000 to help you buy a house.

The house can be new build or existing housing already built. 

You will need at least 5% deposit of your own, though you can add more if available.

Not all mortgage lenders support the first home fund.

Before applying for the first home fund you will need to have your mortgage agreed in principle and have had a verbal offer accepted on your new home.

Lift Scheme Shared Equity

LIFT SCHEME

Low cost initiative for first time buyers (LIFT) offers two varities of the scheme;

  • OMSE - Open market shared equity. A scheme designed to help people buy their first home in Scotland, subject to certain price thresholds

Under the OMSE you'll pay for the biggest share, typically between 60% and 90% of the houses overall cost. The Scottish Government will hold the remaining share under a shared equity agreement.

  • NSSE - New Supply Shared Equity, which helps people buy a new-build home from a council or housing association.

Under the NSSE you'll pay for the biggest share, typically between 60% and 80% of the houses overall cost. The Scottish Government will then hold the remaining share under a shared equity agreement.

Help to Buy Scotland | Annan Mortgage Advice

HELP TO BUY SCOTLAND

The Scottish Help to Buy Scheme is available and aimed to help the housing market and small developers.

The scheme is called ;

  • Smaller Developer scheme

You can apply for help up to 15% of the houses price whether you are a first time buyer or an existing homeowner.

You will be expected to provide a minimum of 85% of your houses purchase price through a combination of mortgage and your own deposit.

The purchase price of your new home cannot exceed the scheme threshold price, which for the financial year 2020/2021 has been set at £200,000