Help to Buy Mortgages Comparison

sausage555

Hi,

I'm struggling to find a mortgage comparison site that I'm able to filter for Help to Buy mortgages only.

I'm looking for 5yr fix, 25 years 75% LTV product.

Best I've found is Barclays at 1.97% + 749 fee and Santander @ 2.09% + £999 fee less £250 cashback.

I've looked online at Nationwide, Chelsea, Halifax, HSBC/First Direct and can't find their comparible products (if they exist). I'm a snowflake so I want to find all this out online and not face to face in a branch!

Any anecdotal reviews of Barclays and Santander application process?

Thanks in advance...

robatwork

sausage555 wrote: »

I've looked online at Nationwide, Chelsea, Halifax, HSBC/First Direct and can't find their comparible products (if they exist). I'm a snowflake so I want to find all this out online and not face to face in a branch!

Sorry no idea and HTB but well done on admitting your snowflakeness. It's the first step to a full intervention.

What you may need to do is go to a mortgage broker (yes face to face but at least only one face, not several in several banks) and they will know how to find a suitable mortgage.

sausage555

robatwork wrote: »

Sorry no idea and HTB but well done on admitting your snowflakeness. It's the first step to a full intervention.

What you may need to do is go to a mortgage broker (yes face to face but at least only one face, not several in several banks) and they will know how to find a suitable mortgage.

:rotfl:
thanks...I think I need to build up to that slowly! I've found an IFA that's a few hundred miles away and likes to chat on email so that'll do!

I kid you not, I tested out 2 high street lenders (listed as providers on the on the H2B website) face to face and the junior front of house staff were generally not trained/sufficiently competent to deal with basic mortgages questions.

2nd level support generally were better, but after 15 minutes with one to be told they don't do H2B mortgages anymore. I literally opened with "I want a H2B mortgage, what are your rates?" and had to go through basic affordability and KYC data gathering to be told they don't have a product. Shambles.

sal_III

Just get a mortgage broker, doesn't have to be local. All of my mortgage application was done 100% online + phone, haven't seen the broker in person, haven't set foot in Nationwide office.

Some do charge a fee, but if they can find you a better deal it will easily pay off.

kingstreet

No-one does HTB Mortgage Guarantee any more, this was withdrawn. You need to specifically ask for HTB Equity Loan newbuild only products.

There are several lenders towards the top of the tree on HTB EL who are not standard high street lenders, so an experienced newbuild/HTB broker would be a good port of call.

Verix

Help to Buy equity loan is a bit specialised and a lot of brokers, let alone bank staff, don't have experience of dealing with it. Try and get a recommendation from someone if possible or speak to a local new build developer to get the details of a broker who knows what they're doing. You want them to do the help to buy application for you and have good knowledge of the rules and criteria on new builds and help to buy.

robatwork

If you say where you are in the country, you may get a recommendation for a decent broker locally. Equally you could do worse than the brokers who post on this forum (and indeed this very thread) - who would probably be able to do it all online/phone without ever seeing your snowflace (see what I did there?)