Help to buy - case study
How we helped Jack get onto the property ladder
Like many first-time buyers, Jack had struggled to save the deposit for his first property, so when he heard about the Help to Buy scheme, he decided that this was the route that would get him on the property ladder. He made appointments to visit developments of interest and was put in touch with two mortgage brokers, recommended by the developers.
Jack felt that neither broker took the time to understand his situation and what he was looking to achieve. He spoke with a friend who had already bought a property through Help to Buy, who suggested that he speak with Caenstone.
We found that Jack was receiving bonus payments which hadn’t been taken into account by the previous brokers.
We set up a meeting with Jack where we discussed his current situation and what his ultimate goals were. From this initial discussion, we found that Jack was receiving bonus payments which hadn’t been taken into account by the previous brokers, and that he was just a few months away from repaying the last of his student loans.
After a full review of his situation and paperwork, we’d calculated an accurate budget based on the Help to Buy scheme’s affordability calculations.
Jack found his ideal property a little later and we had the mortgage offer in place within just three weeks and now, Jack has moved into his new home.