First Time Buyer Mortgage Advice in Guildford

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Helping first time buyers in Guildford.

Are you a first time buyer in Guildford looking for a mortgage? Look no further, our team of mortgage advisors in Guildford are here to help. Our team will provide you with excellent advice and service throughout the entire process.

We understand the importance of finding the right mortgage for you. We will take the time to understand your needs and walk you through the different mortgages available, so you can make an informed decision.

Prior to applying for a mortgage it is important to understand the financial commitments involved. As your mortgage broker in Guildford, we will ensure that you make a decision that benefits your personal and financial situation.

We are here to make sure you have all the support and advice you need to get the right mortgage for you. Get in touch with us today and take the first step to owning your dream home.

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First Time Buyer Mortgage Advice in Guildford

How much deposit do I need for a first time buyer mortgage in London?

The amount of deposit you require for a first time buyer mortgage in Guildford depends on a couple of factors. Your credit score and how much you wish to pay monthly in mortgage payments are the most important considerations.

As a mortgage broker in Guildford, we typically find that those with a good credit score can access better rates and put down a lower deposit, usually 5%. On the other hand, if your credit score is lower, you'll likely have to put down a higher deposit of 10-15% to access a mortgage.

You may also want to put down a larger deposit if you want to reduce your monthly mortgage payments. The less you borrow, the less you have to repay overall.

The amount of deposit you will need to put down will also depend on the cost of the property you buy. If you require a larger mortgage for a more expensive property, you will have to put down a larger deposit.

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Popular Mortgage FAQs in Guildford

Are there ways to help me get onto the property ladder in Guildford?

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If you're looking to take your first step onto the property ladder but don't have enough saved up for the minimum deposit, there are government mortgage schemes that could help you out. These schemes were designed to help first time buyers like you, get onto the property ladder.

From the Help to Buy Shared Ownership Scheme to the Mortgage Guarantee Scheme and the First Home Scheme, there are a number of options available. To assess your eligibility for these schemes, you should get advice from a knowledgeable mortgage broker in Guildford.

If you're a first time buyer in Guildford and need mortgage advice, you should book your free appointment with one of our mortgage advisors in Guildford. Our team of experienced professionals will be able to provide you with the support and guidance needed to make the most appropriate decision for you.

What are the costs involved with first time buyer mortgages in Guildford?

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When taking the first step into homeownership, there are a few costs you need to be aware of. You must know that it is not only the deposit you must save for, you should also expect to pay conveyancing, solicitor, property survey and mortgage arrangement fees. You may also need to factor in stamp duty and any insurance to protect your home, contents and financial security.

If you're a first time buyer in Guildford and you want a breakdown of the costs involved of getting a mortgage, you should speak with one of our mortgage advisors in Guildford who can discuss all the additional costs associated with homeownership in more detail.

What type of first time buyer mortgages can I get in Guildford?

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As a first time buyer in Guildford, you may be eligible for a variety of mortgages. A fixed-rate mortgage is the most popular option, as it will protect you against any interest rate hikes in the long term.

Alternatively, you could opt for a tracker mortgage, which will rise and fall with the Bank of England base rate. Discounted variable rates are another option, and the interest rate will change in accordance with the lender's SVR.

Finally, you may choose an offset mortgage, which gives you an interest-free, flexible savings account to offset against the balance of your mortgage. The more you save, the less interest you pay.

To find out which mortgage is right for you, please book an appointment with one of our experienced mortgage advisors in Guildford today. We can provide you with all the information you need to make an informed decision.

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Our Simple 4-Step Process

Book Online

Step 1

If you are a first time buyer, we would recommend getting expert mortgage advice in Guildford so that you can journey through your process with ease.

Our mortgage advisors in Guildford are experienced and knowledgeable and will provide you with tailored advice and guidance.

Free Mortgage Apppointment

Step 2

During your free initial appointment, your broker in Guildford will take key information surrounding your income and expenditure to work out the maximum amount you can borrow for a first time buyer mortgage in Guildford.

We will also be able to arrange an agreement in principle on your behalf so that you support any offers that you make on a property.

Finding a Suitable Product

Step 3

Your mortgage advisor in Guildford will now be able to go away and find the perfect mortgage product for you! They will factor in your personal and financial situation so that you are getting a deal that suits your individual requirements.

We are open and honest with you throughout the whole process, making sure that the advice that you get is beneficial to you and your circumstances.

Submit Your Application

Step 4

If you are happy with the deal that your mortgage advisor in Guildford has found you, we can begin preparing your mortgage application.

From here, you will be assigned a case manager to help you prepare the necessary documents to support your mortgage application. Once you are happy and we are happy, we can send it off to the lender!

It is now just a waiting game!

8 Reasons to Choose Us For Mortgage Advice in Guildford

Free Appointment in Guildford

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Are you a first time buyer in Guildford looking for expert mortgage advice? Our experienced mortgage advisors in Guildford are on hand to answer all of your mortgage questions and queries.

We have helped many first time buyers in Guildford secure the perfect mortgage. Our customers have been delighted with the service we have provided, leaving us some fantastic reviews.

Search 1000s of products

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Our mortgage advisors in Guildford are able to search through 1000s of mortgages in order to find you one most suitable for your personal and financial situation. We have a large panel of mortgage lenders that we can access to find you the perfect first time buyer mortgage product.

Our Service

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We understand that everyone's financial situation is unique; as an experienced mortgage broker in Guildford, we have helped many first time buyers in Guildford find the best mortgage for their own situation. Whether you are looking for a fixed-rate mortgage or a variable-rate mortgage, we can provide advice and guidance and help you make an informed decision.

We will make sure that the process runs as smoothly as possible, from the initial appointment to completion. Weā€™ll keep you updated throughout the whole process, and will help you to understand all of the stages involved in getting a mortgage.

7 Days a Week

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Our team of mortgage advisors are available seven days a week, including bank holidays and weekends. This means that if you are a first-time buyer in Guildford, you can book an appointment with one of our advisors at a time that is convenient for you ā€“ even outside of traditional office hours!

We provide a personalised service tailored to your individual needs, taking the time to understand your individual requirements.

Malcolm and Amy Davidson - Mortgage Advice in London

We search 1000s of first time buyer mortgages in Guildford

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Common Mortgage Questions in Guildford

How much can you borrow for a mortgage in Guildford?

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Are you a first time buyer in Guildford and looking to purchase a property but unsure of the amount you can borrow? As a mortgage broker in Guildford, we can help. We have a free affordability assessment that can determine the maximum amount you can borrow.

Using our affordability calculator or speaking to one of our mortgage advisors in Guildford, you can get a better understanding of how much you can borrow. Depending on your income and other factors, the amount that you can borrow could vary.

Ready to make an offer on a property in Guildford?

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If you are ready to make an offer on a property, now is the best time to seek mortgage advice in Guildford!

Buying your first home can be a daunting experience, but it doesnā€™t have to be! Our team of mortgage advisors in Guildford are here to help you navigate the process and find the best mortgage for your individual needs.

Has your offer already been accepted in Guildford?

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If your offer has been accepted on a property and you do not have a mortgage offer accepted, you need to act quick and find a suitable deal for yourself and the property you are buying.

As a fast and friendly mortgage broker in Guildford, we will do our best to turn around a quick mortgage product for you!

Looking for an agreement in principle ahead of your mortgage in Guildford?

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If you are in need of an agreement in principle, we can help! We are usually able to turn around an AIP within 24 hours of your free mortgage appointment.

If your AIP expires, all you need to do is get back in touch with our team, we can renew it right away for you.

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Londonmoneyman.com & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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