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First Time Buyer Mortgage Advice in London

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

As a First Time Buyer in London we will make sure you are informed at the decisions that we make with your mortgage application and that you are happy with all that is chosen.

 

During our time as an established Mortgage Broker in London we’ve been able to help many First Time Buyers step onto the property ladder and obtain their first own home. We take pride in knowing that we’ve made the journey of a First time Buyer as pleasurable and exciting as it should be by opening them up to the mortgage world.

 

We aim to make your experience go as smoothly as possible, keeping you updated on every step of the way and if you’re new to the world of mortgages, explaining clearly what is available to you and what this will mean for your mortgage application.

First Time Buyer Mortgage Advisor in London

Whether you’re moving into a property on your own or choosing to live with a partner, friend or relative then your application should still be a smooth ride, that’s why if you choose us as your Mortgage Broker we’ll have a look at your options and see the best way to approach your application will be. The same can be said even if your situation may seem a little more difficult, we’ll have most likely seen it before and so it may take us less time to straighten up your application than most other Mortgage Brokers in London.

 

The property market can be competitive at the worst of times so if you’ve got your eye on a certain property, we’ll help you get prepared and go the extra mile with offering advice on how to go about making an offer, which survey to choose and recommend adequate insurance ensuring your family are financially protected from any unforeseen circumstances.

 

We’ll make sure you’re fully equipped with everything you need at the end of your mortgage, so feel free to get in touch with an experienced First Time Buyer Mortgage Advisor in London today to see how we can help you.

 

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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First Time Buyer Mortgage Advice in London

  • Wanting to get an idea of how much you can borrow and how much this will cost before you start viewing properties?
  • Seen a property that you’d like to go for and are wanting to make an offer?
  • Already had your offer accepted and want to get going with your mortgage application?
  • Would like a Mortgage Agreement in Principle Certificate to back-up any offers you are ready to make?
  • Already visited your Bank’s Mortgage Advisor and been declined? i.e. poor credit, income mix, the bank won’t lend enough, not fitting their lending criteria etc
  • Do you have an unusual or complex mortgage situation and need help?

 

Contact us your Mortgage Broker in London to book your free mortgage consultation.

How We May Able to Help

We only work with your best interests at heart, without any ties to estate agents, banks or building societies. Our Mortgage Advice team will do their best to make the process as simplified & stress-less as possible, free of industry jargon. We are also able to look at sourcing conveyancing and solicitors’ quotes for you, as well as speak with an Estate Agent about an offer you wish to make – We’re with you for the whole journey!

 

Contact us to book your free mortgage consultation.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation in London will last roughly one hour. Your dedicated mortgage advisor in London will then recommend a mortgage for you, with no obligation for you to proceed. At this point, it is up to you to decide whether or not you wish to proceed with the recommended mortgage.

If you choose us as your Mortgage Broker in London, then our process will work as the following; One of our Mortgage Advisors in London will carry out a Fact Find to determine your, needs before recommending the most suitable mortgage available for you. A credit check will then be required for an Agreement In Principle.  Once all the relevant documentation has been gathered and the valuation of the property has been undertaken, a formal mortgage offer can be issued.

In order for you to ensure you are prepared as early as possible, our Mortgage Advisors in London recommend that you obtain an Agreement in Principle prior to viewing properties in London. At the very latest you should obtain a Mortgage Agreement in Principle before you make any offers, in order to help with your bargaining position.

An Agreement in Principle will normally last somewhere in the range of 30 and 90 days. This depends on the Lender that is being used. If your Agreement in Principle expires, your advisor can always refresh this for you.

If you are looking to achieve something like debt consolidation or home improvements, you may be able to get a second mortgage. The option for a second mortgage can also be used on a second property if you are looking at using it for yourself, a family member, a holiday home or a Buy to Let.

The minimum deposit necessary for purchasing a house in London with High Street Lenders is usually at 5%. If you have had previous credit problems, this could be higher.

Obtaining a mortgage if you have had previous credit problems isn’t completely impossible, but you may face certain hurdles, such as some lenders requiring that you put down a higher deposit than usual, perhaps 15% of the property purchase price.

You are able to get a mortgage once you have submitted at least one year’s accounts. The majority of Lenders use your salary plus dividend to calculate the maximum amount you can borrow, whereas others may use your net profit.

Three payslips are generally what is required for an employee to prove their income and if you are Self-Employed, it’s usually the latest 2 years’ accounts. You will also need to produce some proof of ID, your address and the latest 3 months’ bank statements.

If you take up a free initial mortgage consultation with one of our trusted Mortgage Advisors in London, your appointment will last around an hour. Your advisor will be able to turn round an agreement in principle within 24 hours, with a formal mortgage offer taking roughly about three weeks on average.

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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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