We could get you onto the property ladder with a Help-to-Buy mortgage

With a Help-to-Buy mortgage you only need to put down 5% of a home’s value for a deposit. The Government will the boost this amount with an equity loan of up to 20%. At Clever Mortgages we work with many lenders who could offer you a Help-to-Buy mortgage whether you’re a first-time buyer or purchasing a new home.

  • From only 5% deposit required
  • Government equity loan of 20% (40% in London)
  • 75% (55% London) mortgage needed
  • Competitive rates

Helping a customer get onto the property ladder through the Help-to-Buy scheme

Mr B wanted to get back onto the property ladder but was struggling as he’d been in an IVA and only had a small deposit.

With Clever Mortgages he was able to:

  • Use the Help-to-Buy scheme to increase his deposit and secure a better interest rate
  • Take out a mortgage with a high street bank with a term of 20 years
  • Secure a fixed rate for five years of stable payments
  • Buy a property that was being advertised as ‘deal of the month’ with a quick sale incentive
  • Complete the purchase just four weeks after applying
  • Mr B was self-employed, but as he was paid via the Construction Industry Scheme (CIS), we could use gross income
 BalancePaymentRateTerm years
New mortgage£162,500£630.492.2420 years

New Mortgage

Balance£162,500
Payment£630.49
Rate2.24%
Term20 Years

Mr B was 49 and decided it was time to get back on the housing ladder. He wasn’t sure what options he had though as he’d been in an IVA and only had a small deposit. Plus, as he was a self-employed builder on the Construction Industry Scheme, his net profit was almost a third less than his gross income.

At Clever Mortgages we were able to help as we knew high street lender would class him as self-employed and use his gross income to allow him to borrow what he needed to buy the property. The Help-to-Buy scheme was also used to increase Mr B’s deposit and give him a better interest rate.

He secured his property for a great price and also benefitted from ‘Deal of the week’ incentives from the agent. We enabled him to take advantage of this by completing the application after just four weeks.

No obligation advice on Help to buy mortgages

Try our Mortgage Calculator – let’s see what you could borrow

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Latest mortgage best buys

Based on a mortgage of £130,000 on a property worth £260,000

Initial rate
Overall cost for comparison
1.17% Fixed
then 3.8% (variable)
3.8% APRC

Fees and charges

  • Booking fee
    £0.00
  • Arrangement fee
    £999.00
  • Valuation fee
    £200.00
  • Other fees
    £590.27
  • Cashback
    £0.00

Other info

  • Exit fee
    £0.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Fixed rate’ of 1.17% would initially cost £503.85 for 25 months. This would be followed by 275 monthly payments at a variable rate of 3.8% costing £691.33 per month. The total amount payable over the full term of the mortgage would be £202,912.00, made up of the loan amount plus interest and fees (£1,199.00). The overall cost for comparison is 3.8% APRC.
1.24% Tracker
then 3.9% (variable)
3.9% APRC

Fees and charges

  • Booking fee
    £0.00
  • Arrangement fee
    £995.00
  • Valuation fee
    £352.00
  • Other fees
    £485.00
  • Cashback
    £250.00

Other info

  • Exit fee
    £0.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Tracker rate’ of 1.24% would initially cost £508.05 for 28 months. This would be followed by 272 monthly payments at a variable rate of 3.9% costing £689.71 per month. The total amount payable over the full term of the mortgage would be £201,958.52, made up of the loan amount plus interest and fees (£1,377.00). The overall cost for comparison is 3.9% APRC.
1.95% Variable
then 2.1% (variable)
2.1% APRC

Fees and charges

  • Booking fee
    £0.00
  • Arrangement fee
    £999.00
  • Valuation fee
    £0.00
  • Other fees
    £770.43
  • Cashback
    £0.00

Other info

  • Exit fee
    £125.00

Flexibility

  • Overpayments allowed?
    Yes

Representative example
A mortgage of £130,000.00 payable over 25 years, on a ‘Variable rate’ of 1.95% would initially cost £552.06 for 0 months. This would be followed by 300 monthly payments at a variable rate of 2.1% costing £552.06 per month. The total amount payable over the full term of the mortgage would be £165,751.00, made up of the loan amount plus interest and fees (£1,132.00). The overall cost for comparison is 2.1% APRC.

6 Great reasons to choose Clever Mortgages

Specialists in bad credit

Every member of our team is trained in bad credit situations and know how to find the right solutions for customers – helping them get the mortgage that’ll get them back on track.

Over 100 lenders

The number and quality of lenders we work with means we have access to a diverse spectrum of best-rate deals. The lenders we use means we have all areas covered – even for those in particularly niche circumstances.

Experts in bad credit

We have helped 1000’s of people with bad credit. All our advisors are trained on securing mortgages for clients with bad credit. In short, we know this market.

Access To Exclusive Rates

We have access to every adverse friendly lender, we can often secure you exclusive rates you can’t find on the high street.

First class support

We know that sorting out a remortgage can be stressful – but our experienced team of experts will have any questions you have along the way, and will always be proactive when it comes to keeping you in the loop with your application progress.

Excellent Reviews

We’re proud of our long-standing 5 Star Rating on Trust Pilot, and love all the positive feedback we get from customers every day. We feel privileged to help people get a great deal with far less stress.

Why use a mortgage broker?

Mortgage brokers can help you find the best deals on the market – not just from one lender. With a broker you’ll get:

  • Valuable knowledge, through years of experience helping customers to find mortgages
  • An improved chance at finding a mortgage, some mortgages are only available through a broker
  • Help with the application process, as usually just one application can be used across various lenders
  • Advice on how to improve your chances, for instance getting a guarantor or applying for a joint mortgage
About Clever Mortgages

We specialise in assessing an individual’s situation, and finding a best-fit mortgage solution for them. We can help:

  • With remortgages, buy-to-let, and first-time buyers mortgages. We have experts over all of these areas
  • Even if you’ve got bad credit – we help people every day with less than perfect credit histories to find the right mortgage
  • With applications, as we’ll take the hassle away. We require your details once and we’ll know the best lenders for your circumstance

Our team know the lenders that are most likely to say ‘yes’, and to give the best rates

What should I do next?

You enquire online with us today or give us a call
Our simple form takes a couple of minutes to fill in, this gets the ball rolling

One of our experts will give you a call to find out more about your situation
We have experts in remortgaging, who focus solely on helping customers save money

We do all the hard work for you
We search the market for the trusted lender that’s right for you

Our expert will get back in touch
We can guide you every step of the way, and we’ll always keep you up-to-date with progress

Speak to a broker

Ashley Radford

Ashley is a specialist mortgage broker, whose been working for Clever Mortgages for 3 years and has a proven track record in helping customers with bad credit

Call us on: 0800 197 0504

Below are some of the lenders we work with