Are you looking to purchase your first home in Solihull? Our team is here to help you get the keys to your first property and take the stress away.
As a mortgage broker in Solihull , we have helped many first time buyers in the area to achieve their mortgage goals.
We don’t just find a mortgage that meets your individual circumstances, our mortgage advisors in Solihull are here to talk you through the entire process and answer any queries you may have.
When applying for a mortgage, affordability is a major factor. Your lender will look at your annual salary and other income, alongside your outgoings. They will also look at your credit file to make sure you can manage your finances responsibly.
All these facts get taken into consideration to determine how much you can borrow for a mortgage. The amount you have saved for a deposit will also be taken into account.
At our mortgage broker in Solihull, we have a vast knowledge of lenders’ various criteria. With this knowledge, we can look at your income, expenditure, and credit history to search through 1000’s of deals to recommend the most suitable mortgage for your circumstances.
If you are a first time buyer in Solihull and would like to get a mortgage, our team is here to help. We will be with you every step of the way and make sure you get the best deal for your individual circumstances. Get in touch with us today and start your journey to owning your first home.
The government has introduced various Schemes to help more first time buyers in Solihull get onto the property ladder, including the Lifetime ISA and the Right to Buy Scheme.
Our mortgage advisor in Solihull are familiar with all the current government schemes available and if you feel like one of these schemes will benefit you, get in touch with an expert mortgage advisor in Solihull today and receive a free mortgage consultation.
As an experienced and reliable mortgage broker in Solihull with over two decades of experience in the mortgage industry, providing specialist mortgage advice in Solihull, we have helped countless first time buyers in Solihull take their first steps onto the property ladder, calming their worries and striving to help them achieve their desired outcome with their first home.
Our mortgage advisors in Solihull have a wealth of knowledge and expertise in this sector. There are very few scenarios that we have not encountered.
For a lot of people who get in touch, especially first time buyers, part of the apprehension and uncertainty can be due to not knowing how much they can borrow and what their monthly payments will be.
Your devoted mortgage advisor in Solihull will be able to give you an approximate figure on this, giving you a clearer picture and fewer unanswered questions during your process.
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. Regardless of the name you hear it referred to, the purpose is the same.
An AIP means that you have passed the lender’s initial credit check and have been approved in principle for your mortgage.
It shows the seller of the property you’re interested in that you are in a position to move forward should they accept your offer, putting you ahead of other potential buyers and allowing for potential negotiation on price.
A member of our mortgage advice team can usually turn these around within 24 hours of your initial appointment.
This is great news! Your next step will be to get back in touch with your mortgage broker in Solihull. They will be able to progress your mortgage application and take care of all the paperwork on your behalf.
We come across different scenarios and obstacles all the time, so your knowledgeable advisor is likely to have come across something similar before.
With this knowledge, they’ll work hard to ensure you hopefully end up with a positive outcome.
Whether due to bad credit, no credit or something else, we often hear from first time buyers in Solihull who have been rejected by their bank.
Our team of mortgage and protection specialist advisors in Solihull 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.
Our Customers Love Us
4.99 Rating69 Reviews
Jason and his colleagues at UK Moneyman have been amazing from the start. When we began the process of house buying and finding a mortgage we knew very little, but Jason explained much to us in a telephone consultation and outlined all our options....
3 months ago
Very impressed, service was really good and efficient and anything g that needed explaining was done very clear. Would definitely recommend
3 months ago
Leo Shakespeare and Stacey Jopling has work long side each other to made this entire journey extremely smooth and informative as a first time buyer. His service has been phenomenal. I had been rejected from many other brokers and banks and he...
6 months ago
I have been dealing with Wendy and Malcolm in regards to my house purchase and I could not recommend these enough. A true credit to the company. Very efficient with communication and solving any issues that needed to be addressed. Would highly...
8 months ago
Incredibly helpful, supported throughout whole process
8 months ago
Fantastic experience. Charlie helped me race through to secure the best mortgage offer, best plan for life and critical illness insurance. Very approachable and responsive even with any queries I had after everything was completed.
9 months ago
Had great help from both Joe and Chris and Chloe who were all friendly and always happy to help
1 year ago
Made everything very easy, we are first time buyers and they couldn't have been more helpful or informative. They didn't make us feel like we were stupid for not know anything about buying a house and talked us through the entire process. They even...
1 year ago
Tom and Meghan were brilliant throughout the entire process! Both were friendly and knowledgeable and explained everything to us clearly and answered our countless questions and gave us clarification where we needed it. Both were easy to contact and...
1 year ago
Super helpful, made the whole process really easy and explained everything as we went along. Pretty good at keeping in contact, keeping us up to date and explaining the choices we had and then giving us the time to discuss and make those decisions.
1 year ago
I must say I am very pleased with the service I recieved from Moneyman, they set up regular calls and kept us updated throughout the checking progress. Fairly priced fees and very knowledgeable! I would highly recommend their services
1 year ago
Second time with this broker and it's been an amazing experience. Would definitely recommend. Anna and Matt were brilliant.
1 year ago
We couldn't be happier with the service provided. Matt has been professional, helpful and extremely supportive throughout our process. We will certainly be recommending you to friends. Communication was 5* and Matt was available at any point...
1 year ago
Great team - very good communication and very nice, helpful team that made it possible for me! Thank you for the great service.
1 year ago
To say we have had a nightmare of a process of trying to buy a house would be an understatement, however Wayne and team were the bright light that helped us get through it. Can't thank them enough for their help.
1 year ago
That nice 😊
1 year ago
Brilliant service! Would highly recommend! Tom at the Birmingham branch was amazing. We're first time buyers so we were very unsure of the whole process and had lots of questions. Tom gave us all the support and guidance we needed and was there for...
1 year ago
Moneyman were really supportive during this process. After our first house fell through following downvaluation, they were really helpful in outlining the process moving forward and supporting us through the next house sale. Couldn't be happier with...
1 year ago
Thank you so much for your support Even when I Couldn't get hold of anyone else During the pandemic Your staff were there to encourage me to press on with the mortgage after Thanks for your help and the guidance Thanks for giving me a chance And...
2 years ago
Very good service, unbelievable fast to apply my mortgage. Thank you all of you.
2 years ago
Having a conversation with a professional mortgage advisor in Solihull is essential to discuss your mortgage scenario.
Our dedicated mortgage advisor in Solihull 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 Solihull.
Don't hesitate to reach out to us and schedule your consultation. We are eager to assist you in achieving your mortgage objectives.
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 Solihull. 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.
After your offer on a property is accepted, our committed mortgage advisor in Solihull 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.
Alongside finding the most suitable mortgage deal for first time buyers in Solihull, 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.
Our team of fast, friendly & experienced mortgage advisors in Solihull are passionate about helping first time buyers find success in the property market in Solihull.
From the moment you pick up the phone to us, until the day you get the keys to your new home, your dedicated mortgage advice in Solihull will be with you every step of the way, ready to answer any questions you may have about your mortgage.
Unlike the banks, we have access to a huge range of mortgage deals, and can find the one that best suits your individual needs, both financially and personally.
If you wish, we can also assist with putting in offers to estate agents, finding conveyancing solicitors and deciding which survey would be the most suitable.
Please read our genuine customer reviews, as they are a true reflection of the level of care and support we provide to all our customers. You may find that someone has been in a simialr situation to you and we have been able to help them.
Our mortgage advice team in Solihull are available seven days a week, with opening hours from 8am to 10pm. We are here to work around you, your family and your work and personal commitments.
Our goal is to take away the stress and manage all the paperwork for you. The fun part is finding the property you love, and that’s all down to you!
If you are looking to put down a deposit for a mortgage in Solihull, most lenders will require you to put down a minimum deposit of 5% based on the property value.
Depending on your credit score, you may be asked to provide a larger deposit of 10% to 15% of the property price. This may be due to mortgage lenders looking at your credit history, as they need to ensure that they are lending to a reliable borrower.
Typically, missed payments or unsecured debts are considered potential red flags for mortgage lenders.
As your mortgage broker in Solihull, our job is to guide you through the entire mortgage process, from start to finish. We will assist you in finding the most appropriate mortgage product that fits your financial and personal circumstances, help you complete your mortgage application, alleviate all the stress from the process, and most importantly, help you acquire the keys to your dream home.
Our team of experts have many years of experience in assisting various types of buyers. We specialise in a wide range of areas, including buy to let and self employed mortgages in Solihull, equity release, insurance and specialist scenarios.
Getting mortgage advice in Solihull is now easier than ever, as you can book your free mortgage appointment or schedule a callback with one of our mortgage advisors in Solihull online.
An agreement in principle (AIP) is a document issued by a lender that confirms that they’re willing to lend to you. This is provided that you supply the necessary documentation to verify your income and affordability for a mortgage in Solihull.
Having an AIP is a crucial step in the mortgage process. It can be used to make an offer on a property and may assist in negotiating prices with the seller. In a scenario where two potential buyers are interested in a property, and one has an AIP while the other does not, the seller will usually select the buyer with an AIP, as they have already been pre-approved, making the process quicker.
AIPs are valid for 30-90 days and can be renewed easily once they expire. To obtain an AIP, you can speak with one of our mortgage advisors in Solihull. We are usually able to arrange one within 24 hours of you getting in touch.
During your free mortgage appointment, you’ll have the opportunity to discuss your mortgage options with a mortgage advisor in Solihull for approximately 30-60 minutes. Your mortgage advisor in Solihull will ask questions to better understand your mortgage situation and what you hope to accomplish. They will also gather your personal and financial background to determine the mortgage products that may be available to you.
After your appointment, your mortgage advisor in Solihull will conduct research to find a suitable mortgage product that fits your unique circumstances.
As a mortgage broker in Solihull, we have helped many applicants in securing a second or even multiple mortgages. There are many reasons why someone may want more than one mortgage, such as buy to let, let to buy, holiday let, and more.
It is important to know that obtaining another mortgage typically requires a substantial deposit, a good credit score, and the ability to cover another set of monthly repayments. If you’re taking out a let to buy or buy to let mortgage in Solihull, having a tenant will cover these costs.
Before applying for another mortgage, we’d recommend speaking with a mortgage advisor in Solihull to assess your eligibility. Our experienced team has been working in the mortgage industry for more than 20 years and would be more than happy to offer a helping hand.
If you have bad credit, you still may be able to get a mortgage in Solihull. There are a number of lenders out there that specialise in these sorts of situations and offer products for buyers with bad credit.
If you have bad credit in Solihull and want a mortgage, you should know that you may be required to put down a larger deposit. Typically, lenders will ask for 10%-15%. If you need mortgage advice in Solihull and help on how to improve your credit score, our mortgage advisors in Solihull would be more than happy to point you in the right direction and give you some tips on where to start.