Saracens Blog

Getting on the property ladder

Mortgage Solicitor in London

Owning your own home gives you a sense of security that renting cannot provide. When you get on the property ladder, you know that each monthly payment is an investment in your house. You can make changes to the décor and structure knowing that you won’t have to undo all your hard work when it’s time to move on. However, it seems harder than ever to get on the property ladder. If you feel like the dream of owning your own home is a long way off, take a look at some of the possibilities below. It may simply be a case of knowing your options, finding the one that’s right for you and working with a mortgage solicitor in London to make it happen.

At Saracens Solicitors, we offer a wide range of conveyancing service packages as a mortgage solicitor in London. We help all sorts of buyers to move onwards and upwards when it comes to the property ladder.

Guarantor mortgage

This is perhaps the only way left to get a 100% mortgage on a property with no deposit at all. It requires you to find a family member who is willing to use their house or savings as collateral on the loan. This is at risk if you default on the mortgage.

Right to buy schemes

If you have been living in your council property for more than three years, you might be able to purchase your property under the Right to Buy scheme. This usually means that you will be paying a fraction of the market value. In order to do this, you need to follow certain processes to make an offer on your home. At Saracens Solicitors, we have experience with the Right to Buy scheme and we can get you to completion smoothly when we act as your mortgage solicitor in London.

Team up with someone else

You don’t have to buy a home alone or with a partner. You can buy a property with anyone who is financially eligible. It’s best to be very clear about responsibilities and aspects like ending the mortgage when you make these kinds of arrangements. We can help you draw up agreements when you work with Saracens Solicitors.

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