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Yes. Help to Buy Equity Loans are no longer available for new purchases in England. Applications closed on 31 October 2022, so buyers in Middlesbrough cannot apply for a new equity loan through the scheme.
There may still be other ways to buy with a smaller deposit or build your savings. Options include Shared Ownership, Lifetime ISAs, First Homes where available, Forces Help to Buy and low-deposit mortgages.
These have separate rules and are not extensions of the closed equity loan scheme. Our mortgage advisors in Middlesbrough can explain which routes may fit your finances and plans.
The right route depends on your deposit, income, credit history and chosen property. Some lenders offer mortgages with a 5% deposit without an equity loan, while other schemes may reduce the purchase price or help eligible buyers save.
We can review your circumstances, compare suitable mortgages and explain the requirements of any available scheme. Mortgage approval still depends on the lender’s affordability, credit and property checks.
If you already have a Help to Buy Equity Loan, we can assess mortgage options when you remortgage or repay it. Your solicitor and the scheme administrator handle the relevant legal and equity loan arrangements.
Shared Ownership lets eligible buyers purchase a share of a home and pay rent on the remaining share. Initial shares can range from 10% to 75%, depending on the property and scheme.
For example, if you buy a 65% share, you normally use your deposit and mortgage to fund that share and pay rent on the remaining 35%. You also need to budget for service charges, repairs and other housing costs.
You may be able to buy more shares through staircasing, but your lease sets out the rules and any maximum ownership limit. We can help assess whether the combined costs are affordable.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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215 5 Star Reviews
Joseph Harros
As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
29 Oct 2026
Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
29 Oct 2026
Diane A
First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
28 Oct 2026
Chloe Gathergood
Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
15 Oct 2026
Callum Kennedy
Very helpful and informative. Made the process as easy as possible. Would recommend to other
14 Oct 2026
Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 2026
During your free initial mortgage appointment, we will review your income, outgoings and deposit, then explain suitable mortgage options and any current home-buying support you may qualify for.
Our team will search through 1000s of mortgage products to find the most suitable one available to you.
We will help you to obtain your mortgage agreement in principle which is a great tool for backing up any new build purchase offers you make.
Once your purchase offer has been accepted, we will submit your full mortgage application and evidential documents to the mortgage lender.
Whilst this process is going on, your dedicated case manager will ensure you are kept up-to-date, through to formal mortgage offer, completion and beyond.
Our service is more than just this, however. We will not only secure the most suitable mortgage deal for you, but we will also recommend relevant insurances protect you and your family.
We will also reach out to you when your mortgage deal is coming to an end, to make sure that you are on the most suitable one for you.
As your mortgage advisor in Middlesbrough, we are here to help you. Get in touch with us today and make a date for your free initial mortgage appointment.
During your free initial mortgage appointment, we will go through all of the figures with you so that you know exactly how much you will be paying each month.
Not only will we deal with your mortgage but we can also help if you need any further mortgage advice in Middlesbrough with regard to surveyors or solicitors.
Read our customer feedback to see how we support buyers and homeowners through their mortgage applications.
We help customers assess suitable mortgages and current alternatives to the closed Help to Buy Equity Loan scheme. From your initial appointment through to completion, we can explain the process and keep you informed.
Our Home Buying App is a digital mortgage coach designed to help you save up, plan, and track your home buying journey – whether you’re buying your first home, or fancy a move.
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Middlesbroughmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Middlesbroughmoneyman 2009–2026
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Middlesbroughmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Middlesbroughmoneyman 2009–2026
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