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First Time Buyer Mortgage Advice in Middlesbrough

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01642 988468

We’ll be With you Every Step of the way!

The very concept of buying your first home can be quite daunting but worry not; Your Mortgage Broker in Middlesbrough is here to save the day!

 

We love our customers and aim to make the whole experience as simple and stress-free as possible, especially when they’ve never done it before. The last thing you need is to feel anxious about the whole ordeal, so we work alongside you, being friendly and reducing worry.

 

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Popular Mortgage Scenarios in Middlesbrough:

  • You’ve spotted a property you love the look of and would like to make an offer.
  • You’re not sure how much you would be allowed to borrow and need a Mortgage Advisor in Middlesbrough to sit down with you and help you work out how much you can borrow?
  • You’ve already put in an offer on a house and the focus is to get that mortgage sorted.
  • You need a Mortgage in Principle so that you’re prepared for any would-be house purchases in the near future.
  • The bank you’ve had your savings in all your life won’t consider your mortgage application because your credit record has gone a bit array in recent years.
  • You’d like to get a mortgage with your best friend or sibling, making the whole process too complicated for your typical high street mortgage lender.

 

Contact us to book your free mortgage consultation.

Why a Mortgage Broker in Middlesbrough like us is invaluable

  • Not only will we give you top financial advice when it comes to financing your first home – but we’ll also be there to provide some emotional hand-holding too. Property is probably the biggest item you’ll ever buy so understandably some First Time Buyers become very nervous at the prospect but with us alongside you in the process, it’ll be a more enjoyable experience.
  • We work solely for you to make sure you get the best deal.
  • If you are interested in applying for a government First Time Buyer scheme, we can talk you through the process, taking our time to make sure you understand the pros and cons of each.
  • We have fantastic reviews from delighted previous clients.
  • Our team has a huge list of mortgage providers to choose from, making sure we can find one which exactly fits your needs and budget.

 

So if you feel like we could help you then give us a call today and make an appointment with one of our team. We’re open from 8 am to 10 pm, seven days a week offering Mortgage Advice in Middlesbrough.

What our customers say

Common mortgage
questions

Your mortgage journey begins as soon as you get in touch with our team. We will send you over a fact find to fill out so we can learn a bit more about your personal and financial situation.

The next step of the process is for us to book you in for our free mortgage consultation so we can begin searching for the perfect mortgage product for you. We will also arrange a mortgage agreement in principle for you.

Once you’ve provided documents to support your agreement in principle, we can start preparing your mortgage application!

Your free initial mortgage consultation will roughly last 30-60 minutes. During the consultation, we will examine your current personal and financial situation so that we can get an idea of what sort of mortgage products you’ll match with.

If we manage to find you a deal and you’re happy to continue with it, we can start preparing your mortgage application!

As a Mortgage Broker in Middlesbrough, we would always recommend that you try and obtain a mortgage agreement in principle (AIP) as early in the process as possible. Ideally, you should obtain your AIP prior to viewing properties as it can open you up to being able to negotiate prices.

Your agreement in principle will last between 30-90 days. If your agreement in principle expires, you can easily renew it. Get in touch with your Mortgage Advisor in Middlesbrough to arrange this.

Yes, it may be possible to get a second mortgage. Reasons for getting a second mortgage include debt consolidation, home improvements, for a mortgage deposit for another property such as a Buy to Let property or a holiday home.

Usually, lenders will require a minimum of 5% of the property price. Even though most High Street Lenders look for 5%, if you’ve had credit issues in the past, you may be asked to put down slightly more.

It can be still possible to get a mortgage despite having bad credit issues in the past. Although, you should know that some lenders may require you to put down a larger deposit; this could be 10%-15%.

If you are Self Employed and have at least one year’s accounts ready to submit, then yes, you may be able to get a mortgage. Mostly, lenders will go off your salary plus dividend to calculate the maximum mortgage amount that you can borrow. Some are also known to go off your net profit.

During the mortgage process, you will be asked to prove your income, who you are etc. Some of the documents that you’ll be asked to provide include bank statements, payslips, proof of ID and proof of address. This may be slightly different for the Self Employed.

After your free 30-60 minute mortgage consultation in Middlesbrough, we will be able to go away and try and find you a mortgage product that’s perfect for your personal and financial situation. During this timframe, we will also arrange a mortgage agreement in principle for you within 24-hours.

If everything goes to plan and we recive yoru supporting documents, we can proceed to the point of mortgage application preparation. Once your application is submitted, a formal mortgage offer takes around 3 weeks on average.

We make it so easy!
Our 4 step process

Step 1

A telephone test call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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