First Time Buyer Mortgage Advice in London

Over our past 11 years of working within the mortgage industry, we have helped thousands of First Time Buyers in London secure excellent mortgage deals. It could be you next!

As your Mortgage Broker in London, we will search through 1000’s of First Time Buyer mortgage deals for you until we find one that’s perfect for you. We will take both your financial and personal situation into account when trying to find you a mortgage, this way the deal will benefit you in both ways.

Due to a highly competitive market, First Time Buyers often struggle to secure competitive mortgage deals. However, this could also be down to not knowing where to look. As a Mortgage Broker in London, we have access to a panel of 38 different lenders each with their own unique deals that we can search through for you.

There are lots of different types of mortgages available on the market and sometimes the choice can be overwhelming. We hate seeing struggling First Time Buyers stressing about their mortgage and struggling to find a deal, and that’s exactly why we want to offer a helping hand.

We consider all situations at Londonmoneyman and we will try to get over any mortgage hurdles that we are faced with.

Common First Time Buyer Mortgage Scenarios

After working with thousands of First Time Buyers in London, we came across a lot of similar mortgage situations:

  • Working out your monthly budget for you based on your property price
  • Producing a mortgage agreement in principle so that you can back up any offers you make with the estate agent
  • Completing your mortgage application through to getting you a mortgage offer
  • Explaining the different types of property surveys that are available to you
  • Recommending a local competitively priced solicitor with high service standards (if required)
  • Running through your mortgage offer(s) to ensure that all your details are correct
  • Also recommending any associated insurances with your new mortgage (if required)

Bumped into any mortgage hurdles so far?

We have also encountered a lot of similar mortgage problems when starting the First Time Buyer mortgage process. Usually, the applicant has been turned away from their bank and we are faced with the same reason to why you were turned away. However, we aren’t letting it get in the way, a Mortgage Advisor in London will try their best to overcome these hurdles. Here are a few:

  • Type of property being purchased
  • Your income structure and employment type i.e. self-employed
  • Buying off or with a family member
  • Buying undervalue
  • Bank declined or won’t lend enough
  • Buying off your landlord
  • Something else?

If this is your situation, it is important that you don’t keep applying to different lenders. This is because each time you get declined, a negative print is being left on your credit file. If you get declined too much, you could potentially lose all chances of getting a mortgage altogether.

Reasons to choose us as your Mortgage Broker in London

  • We would be able to work out your monthly budget based on your property price
  • We can produce a mortgage agreement in principle for you so that you can back up any offers you make with the estate agent
  • Londonmoneyman would be able to help you complete your mortgage application through to getting you a mortgage offer
  • We will be explaining the different types of property surveys that are available to you
  • Also, we can recommend a local competitively priced Solicitor with high service standards (if required)
  • Londonmoneyman will run through your mortgage offer(s) with you to ensure that all your details are correct
  • Also, we can recommend any associated insurances with your new mortgage (if required)

Date Last Edited: January 20, 2023