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First Time Buyer Mortgage Advice in Shrewsbury

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First Time Buyer Mortgage Advice in Shrewsbury

Are you a first time buyer in Shrewsbury? 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 Shrewsbury?

Are you a First Time Buyer in Shrewsbury looking to purchase your first home? Our team of mortgage advisors in Shrewsbury are here to help you every step of the way.

At our mortgage broker in Shrewsbury, we have helped many First Time Buyers in Shrewsbury to find the right mortgage for their individual circumstances. We understand that the home buying process can be a little overwhelming, so our advisors are here to take the stress away and answer any questions you may have.

Getting started is easy. All you need to do is get a quote and meet with your advisor. Our team of mortgage advisors in Shrewsbury will be here to help you every step of the way.

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First Time Buyer Mortgage Advice in Shrewsbury

We will be With you Throughout the Whole Process!

When applying for a mortgage, affordability is a key factor. Your lender will take into account your annual salary, any other income, and your outgoings. They will also look at your credit file to make sure you can manage your finances responsibly. All these facts will be considered to determine how much you can borrow for a mortgage. The amount you have saved for a deposit can also affect what mortgages are available to you.

Our mortgage broker in Shrewsbury have a wealth of knowledge about lenders’ various criteria. With this knowledge, we can search through 1000’s of deals to find the most suitable mortgage for your individual circumstances.

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

For many first-time buyers, the uncertainty of the process often brings anxiety and questions about how much they can borrow and what their monthly costs will be. Our dedicated mortgage advisors in Shrewsbury can provide you with a rough estimate, giving you a clearer picture of your situation.

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FAQ's From First Time Buyers in Shrewsbury

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

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The government has introduced various schemes to help more First Time Buyers in Shrewsbury get onto the property ladder, including the Lifetime ISA and the Right to Buy Scheme.

Our mortgage advisor in Shrewsbury are familiar with all the current government schemes available. If you think one of these schemes could be beneficial to you, get in touch with an expert advisor today and receive a free mortgage consultation.

Being a experienced mortgage broker who have been providing expert mortgage advice in Shrewsbury for over 20 years, helping many first time buyers to make their dream of owning a home a reality.

Which is why our mortgage advisors in Shrewsbury have vast knowledge and experience in the industry, so no matter the situation, we are here to help.

You've seen a property you like - What's next?

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Once you’ve found a property you like, the next step is to obtain an Agreement in Principle, also known as a Decision in Principle, DIP or AIP. This shows the seller of the property that you are in a position to proceed with the purchase should they accept your offer, which could give you a competitive edge in negotiations. Our mortgage advice team can usually turn these around within 24 hours of your initial appointment.

Your Offer Has Been Accepted – What’s Next?

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Congratulations! Your next step is to get back in touch with your mortgage broker in Shrewsbury. They will be able to progress your mortgage application and deal with all the paperwork on your behalf. With their knowledge and experience, they will work hard to ensure you end up with a favourable outcome.

Mortgage Advice from the Bank Was Unsuccessful?

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If you have been turned away from your bank, whether due to bad credit, no credit or something else, our team of mortgage and protection specialist advisors in Shrewsbury will work hard to try and find a solution.

If you’re a first time buyer in Shrewsbury looking to get onto the property ladder, get in touch to book your free initial mortgage consultation.

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Reviews Stars4.99 Rating73 Reviews

Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

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

Our dedicated mortgage advisor in Shrewsbury 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 Shrewsbury.

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 Shrewsbury. 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 Shrewsbury 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 Shrewsbury, 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 Brokers in Shrewsbury take great pleasure in helping First Time Buyers achieve success when they are looking to buy their first home in Shrewsbury.

From the moment you make your initial call, right up until you receive the keys to your dream home, your dedicated mortgage advisor in Shrewsbury will be there to provide support and guidance, and rpovide you with expert mortgage advice in Shrewsbury and to answer any questions you may have about your mortgage.

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 suits your individual needs, both financially and personally.

If you would like, we can also help you to make offers to estate agents, conveyancing solicitors and to decide on the best survey for your property.

Our Service

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

Please take a look at our genuine 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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We have the please to provide you with expert mortgage advice in Shrewsbury seven days a week, morning, evening and weekends. From 8am right through until 10pm at night, we are here to fit in with your family and work commitments.

Malcolm and Amy Davidson - Mortgage Advice in Birmingham

We Search 1000s of First Time Buyer Mortgages in Shrewsbury

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Common First Time Buyer Mortgage Scenarios

Why use a mortgage broker in Shrewsbury like us?

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As a mortgage broker in Shrewsbury, we are committed to assisting you throughout the entire mortgage process, from beginning to end. We will remain by your side every step of the way.

Our primary focus is your best interests, and we will strive to save you both time and money. We can survey thousands of mortgages to discover the most cost-effective product for you.

To speak with a mortgage advisor in Shrewsbury, simply book your complimentary mortgage appointment online. We offer appointments seven days a week, so choose the date and time that is most convenient for you.

When should I get an Agreement in Principle in Shrewsbury?

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To support your property offers in Shrewsbury, you will require an Agreement in Principle (AIP), also known as a mortgage in principle. AIPs serve as confirmation that lenders are willing to lend to you provided that you can demonstrate your income and affordability.

In a situation where multiple buyers express interest in a property and only one has an AIP, the seller is more likely to choose the buyer with an AIP as they have already received pre-approval, making the process more efficient.

An AIP is valid for 30-90 days, and once it expires, you must apply for a renewal. Fortunately, our mortgage advisors in Shrewsbury can generate an AIP within 24 hours of your mortgage appointment. Contact our team, and we will be delighted to assist you!

How does my free mortgage appointment in Shrewsbury work?

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Your mortgage appointment in Shrewsbury, which is complimentary, will be around 30 minutes long. During this session, you will have the opportunity to converse with a mortgage advisor in Shrewsbury and explore various mortgage options.

Your mortgage appointment in Shrewsbury, which is complimentary, will be around 30 minutes long. During this session, you will have the opportunity to converse with a mortgage advisor in Shrewsbury and explore various mortgage options.

Can I get a second mortgage in Shrewsbury?

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There are a variety of reasons why someone might require multiple mortgages, with the most common being for buy-to-let or let-to-buy purposes. However, individuals may also have specific objectives, such as purchasing a vacation property or acquiring a residence for a family member.

Acquiring a second mortgage necessitates a good credit score, as lenders will thoroughly evaluate your creditworthiness to verify your ability to pay. For buy-to-let or let-to-buy properties, the mortgage payments are frequently covered by the tenant’s rent payments.

Our team of mortgage advisors in Shrewsbury will meticulously evaluate your financial situation to ensure that you are capable of affording the additional mortgage before submitting your application.

I have bad credit in Shrewsbury, can I get a mortgage?

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Even if you have a poor credit score, it’s still possible to secure a mortgage in Shrewsbury through specialist lenders who cater to individuals with bad credit. However, these lenders typically require a higher deposit, usually around 10%-15%, as a demonstration of your trustworthiness.

If you’re seeking guidance on obtaining a mortgage in Shrewsbury or looking to enhance your credit score, don’t hesitate to contact our team. We can offer valuable advice on where to begin!

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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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