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First Time Buyer Mortgage Advice in Redditch

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7 days a week, 8am - 10pm

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First Time Buyer Mortgage Advice in Redditch

Are you a first time buyer in Redditch? Discover your borrowing potential and move closer to securing your dream home. Start your mortgage journey with an expert today.

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Looking at Getting a First Time Buyer Mortgage in Redditch?

Are you a first time buyer in Redditch looking to get on the property ladder? Our team of mortgage advisors in Redditch are here to help you every step of the way

Our experienced mortgage advisors in Redditch have helped many first time buyers find the right mortgage deal for them.

We don’t just stop at finding you a suitable mortgage; we are also here to talk you through the entire process and answer any questions you may have.

If you would like to receive a free mortgage consultation, get in touch with one of our expert mortgage advisors in Redditch today. Our team will be with you every step of the way!

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First Time Buyer Mortgage Advice in Redditch

We will be With you Throughout the Whole Process!

When applying for a mortgage, lenders will take into account your annual salary, any other income you have, your outgoings, and your credit file.

This will help them determine how much you can borrow. The amount of money you have saved for a deposit will also be taken into account.

Our mortgage broker in Redditch have a wealth of knowledge about lenders’ criteria and can search through thousands of deals to find the most suitable mortgage for you.

With this knowledge, we can search through 1000’s of deals to recommend the most suitable mortgage for your circumstances.

What will the costs be, and how much can I borrow?

For many who contact us, especially first time buyers, a part of the apprehension and uncertainty can be due to wondering how much they can borrow and what their monthly costs might be going forward.

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FAQ's From First Time Buyers in Redditch

Are there any schemes to help me get onto the property ladder in Redditch?

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The government has introduced several schemes to help first time buyers in Redditch get onto the property ladder, such as the Lifetime ISA and the Right to Buy Scheme.

Our mortgage advice in Redditch are familiar with all the current government schemes and can advise you on which one is best for you.

As an experienced and reliable mortgage broker in Redditch with over two decades of experience in the mortgage industry, we have helped many first time buyers in Redditch onto the property ladder, making the process smoother and working hard to try and secure the desired outcome with their first home.

Our mortgage advisors in Redditch have a wealth of knowledge and experience in this field. There is very little that we haven’t encountered.

You’ve seen a property you like – What’s next?

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Generally, after finding a property you like, the next step is to obtain an agreement in principle, also known as a Decision in Principle, DIP or AIP. No matter the name you hear it called, the purpose is the same.

An AIP implies that you have passed the lender’s initial credit check and are agreed in principle for your mortgage.

It shows the seller of the property you’re after that you’re in a position to move forward should they accept your offer, putting you ahead of other potential buyers allowing for possible negotiation on price.

A member of our mortgage advice team can usually turn these around within 24 hours of your initial appointment.

Your offer has been accepted, and you’d like to proceed with a mortgage application?

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This is fantastic news! Your next step will be to get back in touch with your mortgage broker in Redditch. They will be able to progress your mortgage application and handle all the paperwork on your behalf.

We come across various scenarios and hurdles all the time, so your experienced advisor will likely have come across something similar in the past.

Utilising this knowledge, they’ll work hard to ensure you hopefully end up with a positive outcome.

Mortgage advice from the bank was unsuccessful?

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Whether due to bad credit, no credit or something else, we often hear from first time buyers in Redditch who have been turned away from their bank.

Our team of mortgage and protection specialist advisors in Redditch will work hard, from early until late, to try and find a solution for any issues you come across.

Get in touch to book your free initial mortgage consultation with a mortgage advisor in Redditch.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

Having a conversation with a professional mortgage advisor in Redditch is essential to discuss your mortgage scenario.

Our dedicated mortgage advisor in Redditch will carefully analyse your income and expenses during a complimentary mortgage appointment. This evaluation will enable us to determine the maximum borrowing capacity available to you as a first-time buyer in Redditch.

Don't hesitate to reach out to us and schedule your consultation. We are eager to assist you in achieving your mortgage objectives.

We Can Search 1000s of Mortgage Deals

Step 2

We have a team of experts who can connect you with a wide selection of lenders offering specialised products designed specifically for first-time buyers in Redditch. This will assist you in embarking on your path to becoming a homeowner.

Following your consultation, we will swiftly obtain your mortgage agreement in principle (AIP), typically within 24 hours. An AIP serves as proof to sellers that you are dedicated to proceeding with the purchase, enhancing your credibility as a buyer.

Submit Your Mortgage Application

Step 3

After your offer on a property is accepted, our committed mortgage advisor in Redditch will handle the submission of your mortgage application and organize any additional documentation required by the lender.

Throughout the mortgage process, your dedicated case manager will provide regular updates, ensuring you are well-informed at every stage. We are here to support you throughout the journey of obtaining the keys to your new home.

Protecting You and Your Mortgage

Step 4

Alongside finding the most suitable mortgage deal for first time buyers in Redditch, our team is dedicated to assisting you in acquiring comprehensive insurance coverage to protect you and your loved ones financially.

Obtaining insurance while securing a mortgage offers a vital safety net in case of unexpected events like death, disability, or job loss. Insurance products that cover mortgage payments provide reassurance that in such circumstances, the borrower's family won't be burdened with the responsibility of paying off the mortgage.

Why Choose us

Free Mortgage Appointment

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Our team of fast, friendly & experienced mortgage broker in Redditch are passionate about helping First Time Buyers realise their dream of owning a home in Redditch.

From the moment you make your initial call, to the day you get the keys to your new home, your dedicated mortgage advisor in Redditch will be on hand to provide assistance and advice throughout the process.

1000s of Deals

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Unlike the high street banks, we are able to search thousands of mortgage deals to find the best one that fits your individual circumstances, both financially and personally.

If you would like, we can also help with putting offers forward to estate agents, conveyancing solicitors and deciding on the best survey for your needs.

Our Service

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We always strive to make the process as stress-free as possible, and take care of all the paperwork for you. The fun part is finding a property that you like, and that is entirely up to you!

Please read our customer reviews, as they are a true reflection of the level of dedication and support we provide to all customers. Your satisfaction is of the utmost importance to us.

7 days a Week

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Our team are here to provide mortgage advice in Redditch, seven days a week, from 8am until 10pm. We are here to fit around your family and work commitments.

We always aim to take the stress away and manage all the paperwork for you. The exciting part is finding a property that you like, and that part is solely up to you!

Malcolm and Amy Davidson - Mortgage Advice in Birmingham

We Search 1000s of First Time Buyer Mortgages in Redditch

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Common First Time Buyer Mortgage Scenarios

How does my free mortgage appointment in Redditch work?

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Your free mortgage appointment will last 30 minutes to 1 hour. This is an opportunity for you to converse with a mortgage advisor in Redditch and discuss your mortgage requirements as well as your personal and financial circumstances.

After gathering the necessary information, your mortgage advisor will start searching for a suitable mortgage deal that is both competitive and meets your specific needs.

Why use a mortgage broker in Redditch like us?

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As a Mortgage Broker in Redditch, are committed to offering comprehensive assistance and guidance throughout the entire mortgage process.

Our objective is not only to search the market to find you the most suitable mortgage deal but also to locate a product that is customised to suit your unique personal and financial situation.

When should I get an agreement in principle in Redditch?

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We advise you to obtain an Agreement in Principle (AIP) prior to viewing properties since it demonstrates that you have the financial funds to pay for the mortgage, provided that you can provide evidence to substantiate your income, credit history, and other relevant factors.

How long does an agreement in principle last in Redditch?

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Your Agreement in Principle (AIP) will last around 30-90 days. If your Agreement in Principle (AIP) lapses before you have an opportunity to make an offer on a property, you can request for its renewal, and our mortgage broker team in Redditch can assist you with this process.

Can I get a second mortgage in Redditch?

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There are various reasons for taking out a second mortgage, including consolidating debts, funding home improvements, or expanding a buy to let portfolio.

Having multiple mortgages can be complicated, therefore, seeking the guidance of a qualified mortgage advisor in Redditch is recommended to ensure appropriate financing decisions. If you require specialist mortgage advice in Redditch, please do not hesitate to contact us for personalised assistance.

How much deposit do I need for a mortgage in Redditch?

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As an experienced mortgage broker in Redditch, you usually need to come up with a 5% deposit to get a mortgage, and most High Street Lenders ask for this amount from people with a decent credit history. But if you’ve had some credit issues before, you might have to save up 10-15% deposit.

Free Mortgage Guides & Birminghammoneyman 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.

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