Welcome to
Mortgage Advice Bureau
Further to your interest in Westwood Acres, we are here to provide the support you need.
What is Flexibuy?
With Love Living Homes Flexibuy programme, you have a choice in the way you purchase your new home at Westwood Acres.
- Buy outright with cash
- Take a traditional mortgage
- Utilise ‘shared ownership’ which will means you could purchase an initial share of the home.
What is
Shared Ownership?
Shared ownership is an ideal way to get onto the housing ladder if you can’t afford the full purchase price of your home.
With shared ownership you purchase an initial share of your home, between 25% and 75% of the property’s value and then pay a rent on the remaining share.
It is a simple and cost-effective way of owning your own home.
Because you are buying a share of the property the deposit you need is often smaller too.
You can decide to buy further shares in your home in stages or all at once.
How to know which option is right?
- Buying with cash: Cash purchases are straight forward but we are here to support Love Living Homes manage this process, helping to protect against associate risks, such as money laundering.
- Mortgage or Shared Ownership: Whether you choose a mortgage or take advantage of the shared ownership can depend on a variety of reasons. Factors such as your income, credit rating and affordability can make a difference.
Are you eligible?
You can apply to purchase with shared ownership if:
- You are a first-time buyer
- Your combined household income is less than £80,000
- You are an existing owner of a shared ownership property and looking to move to another shared ownership home
- You have previously owned a home but need help buying a new one
- You are able to secure the mortgage and afford the rent and any other service charges
Get the ball rolling and speak to an expert adviser
To get started, simply complete this form…on receipt we will trigger an email to you which allows us to better understand your requirements.
What our customers say about us…
“The team who handled my mortgage were absolutely fantastic. Super helpful and wonderful people to talk to. Kept me updated throughout and assisted a lot. Thank you all very much.”
“The service from start down to every detail was very reassuring. As a first-time buyer, nothing I
asked was too trivial for them to answer! Thank you.”
“Excellent service! Even during the pandemic and lockdown when everything went on pause, Rob, our Advisor was brilliant at keeping us up to date the entire time. We really felt like he went above and beyond to do what was best for us!”
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
For insurance business we offer products from a choice of insurers.