It's Free to Speak to an Advisor, 7 days, 8am - 10pm

First Time Buyer Mortgage Advice in Sutton Coldfield

It's free to speak with a mortgage advisor
7 days a week, 8am - 10pm

0121 595 0187 Speak to an Advisor - It's Free!
Reviews IO Logo

Read our 72 Reviews

Reviews Logo

First Time Buyer Mortgage Advice in Sutton Coldfield

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

Speak to an Advisor - It's Free!

Looking at Getting a First Time Buyer Mortgage in Sutton Coldfield?

Are you a first time buyer in Sutton Coldfield looking to purchase your first home? Our team of mortgage advisors in Sutton Coldfield are here to help you every step of the way.

At our mortgage broker in Sutton Coldfield, we have helped many first time buyers find the right mortgage deal for their individual circumstances.

We understand that the home buying process can be daunting and overwhelming, so we are here to take the stress away.

If you’re a first time buyer in Sutton Coldfield, get in touch with one of our expert mortgage advisors today and receive a free mortgage consultation.

Video BG One Video BG Two
First Time Buyer Mortgage Advice in Sutton Coldfield

We will be With you Throughout the Whole Process!

Our mortgage advisors in Sutton Coldfield will be available to answer any queries you may have and talk you through the mortgage process.

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.

When applying for a mortgage, affordability is key. Your lender will take into consideration your annual salary, other income, outgoings, credit file and how much you have saved for a deposit.

Our mortgage advisors in Sutton Coldfield have a vast knowledge of lenders’ criteria and will provide expert mortgage advice in Sutton Coldfieldfind the right mortgage for your individual circumstances.

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

For many of our customers, especially first time buyers, part of the stress and uncertainty can be due to not knowing how much they can borrow and what their monthly outgoings will be.

Your dedicated mortgage advisor in Sutton Coldfield can provide you with an approximate estimate of this, giving you a better understanding and fewer unanswered questions about your process.

Video BG OneVideo BG Two
Speak to an Advisor - It's Free!

FAQ's From First Time Buyers in Sutton Coldfield

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

Accorion Arrow

The government has introduced various schemes to help first time buyers in Sutton Coldfield, such as the Lifetime ISA and the Right to Buy Scheme.

Being a open and honest mortgage broker in Sutton Coldfield our mortgage advisors in Sutton Coldfield are familiar with all the current government schemes available and can help you decide if they are suitable for you.

As a reliable and experienced mortgage broker in Sutton Coldfield with over two decades of experience in the mortgage sector, we have helped countless first time buyers in Sutton Coldfield to get on the property ladder, easing their worries and striving to help them obtain their desired outcome with their first home.

Our mortgage advisors in Sutton Coldfield have a wealth of expertise and experience in this field. There is rarely a situation that we have not encountered.

You’ve seen a property you like – What now?

Accorion Arrow

Typically, 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, the purpose is the same.

Typically, 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, the purpose is the same.

Typically, 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, the purpose is the same.

Our mortgage advice team can usually provide you with an AIP within 24 hours of your initial appointment

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

Accorion Arrow

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

We come across numerous scenarios and obstacles all the time, so your experienced advisor is likely to have encountered something similar in the past. With this knowledge, they will work hard to ensure you get a favourable outcome.

Mortgage advice from the bank was unsuccessful?

Accorion Arrow

We often hear from first time buyers in Sutton Coldfield who have been turned away from their bank, for reasons such as bad credit or no credit.

Our team of mortgage and protection specialist advisors in Sutton Coldfield will work hard to try and find a solution to any issues you face. Get in touch to book your free initial mortgage appointment and benefit from mortgage advice in Sutton Coldfield.

Our Customers Love Us

Reviews Stars4.99 Rating72 Reviews

Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

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

Our dedicated mortgage advisor in Sutton Coldfield 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 Sutton Coldfield.

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 Sutton Coldfield. 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 Sutton Coldfield 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 Sutton Coldfield, 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

Accorion Arrow

As a friendly and experienced mortgage broker in Sutton Coldfield we are passionate about helping first time buyers secure their dream home in the area.

From the moment you make your first call to us, right through to receiving the keys to your new home, our dedicated mortgage advisors in Sutton Coldfield will be with you every step of the way, offering support and guidance and answering any questions you may have about your mortgage.

1000s of Deals

Accorion Arrow

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

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

Our Service

Accorion Arrow

We want to take the stress out of the process for you and manage all the paperwork. The exciting part is finding the property you like – and that’s all down to you!

Please read our genuine customer reviews to get an accurate picture of the level of dedication and support we provide to all our clients. We take your satisfaction seriously.

7 days a Week

Accorion Arrow

Our mortgage advice team in Sutton Coldfield are available seven days a week, from 8am to 10pm, so you can get in touch with us at a time that suits 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 Sutton Coldfield

Fleet Mortgages
Paragon Mortgages
TSB Mortgages
Halifax
Bluestone Mortgage Advice
BM Solutions Mortgages
Chorley Building Society
Precise Logo
HSBC
Nationwide
Skipton
Pepper Money
Mortgage Works
Coventry Building Society
Santander
Natwest Mortgage Advice
Newcastle Building Society
Kensington Logo
Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

Common First Time Buyer Mortgage Scenarios

Can I get a second mortgage in Sutton Coldfield?

Accorion Arrow

As a mortgage broker in Sutton Coldfield, we have supported numerous applicants in taking out a second mortgage, and in some cases, more than two!

There are various reasons why one may wish to take out additional mortgages, such as for buy to let in Sutton Coldfield, let to buy, holiday let, for family members, and many other purposes.

It’s important to note that most mortgage lenders require a substantial deposit and a good credit score to be eligible for another mortgage. Additionally, the borrower must be able to afford the monthly mortgage payments.

If you are applying for a let to buy or buy to let mortgage in Sutton Coldfield, the tenant’s monthly rental fee should be able to cover the costs of the mortgage payments.

If you’re considering taking out another mortgage in Sutton Coldfield, we highly recommend consulting with an expert to determine your eligibility.

Our team has extensive experience in the mortgage industry, spanning over 20 years, and we would be delighted to help you!

Why use a mortgage broker in Sutton Coldfield like us?

Accorion Arrow

As a mortgage broker in Sutton Coldfield, our job is to support you throughout your entire mortgage journey.

Our team of experts will work with you to identify the most appropriate mortgage product based on your personal and financial situation. We will also help you prepare your mortgage application and remove any stress from the process, working to help you achieve your dream of owning a home.

With experience helping various types of buyers, we specialise in areas such as buy to let, self employed mortgages in Sutton Coldfield and mortgages for over 50s, as well as mortgage insurance and protection.

Booking a free mortgage appointment or arranging a callback with one of our mortgage advisors in Sutton Coldfield, to get the mortgage advice in Sutton Coldfield you need, has never been easier.

When should I get an agreement in principle in Sutton Coldfield?

Accorion Arrow

An agreement in principle (AIP), also referred to as a decision in principle, is a document provided by a lender indicating their willingness to offer you a mortgage loan. This requires you to provide proof of your income and affordability for a mortgage in Sutton Coldfield.

Having an AIP is a critical step in the mortgage process. AIPs are used to make offers on properties and can help you in negotiating with sellers and negotiating for prices.

For instance, if two buyers approach a seller and one has an AIP while the other does not, the seller will almost always choose the buyer with the AIP, as they have already been approved in principle and can progress faster through the mortgage application process.

AIPs are typically valid for 30-90 days and can be renewed upon expiration. To obtain an agreement in principle, you may speak with a mortgage advisor in Sutton Coldfield.

How does my free mortgage appointment in Sutton Coldfield work?

Accorion Arrow

Your free mortgage appointment will last approximately 30-60 minutes. During this time, you will have the opportunity to speak with one of our mortgage advisors in Sutton Coldfield.

Your mortgage advisor will ask you a few questions to gain a better understanding of your mortgage needs and goals. They will also need to ask about your personal and financial circumstances to determine the types of mortgage products you may qualify for.

After your free mortgage appointment, your mortgage advisor in Sutton Coldfield will research and identify the best mortgage product to suit your unique needs. Tailoring a deal to match your requirements is our speciality!

I have bad credit, can I get a mortgage in Sutton Coldfield?

Accorion Arrow

It is possible to obtain a mortgage in Sutton Coldfield even if you have bad credit. There are mortgage lenders that specialise in such circumstances and offer products designed for buyers with poor credit.

If you have bad credit and are looking for a mortgage in Sutton Coldfield, be prepared to provide a larger deposit, typically around 10 to 15% of the property’s value.

If you need mortgage advice in Sutton Coldfield and want to learn ways to improve your credit score, our mortgage advisors in Sutton Coldfield will be happy to help you and point you in the right direction.

How much deposit do I need for a mortgage in Sutton Coldfield?

Accorion Arrow

To purchase a property in Sutton Coldfield with a mortgage, a minimum deposit of 5% is typically required by most lenders. The deposit amount is calculated based on the property’s value.

That being said, in some cases, a higher deposit may be necessary, such as 10-15% of the property’s cost, especially if you have a lower credit score.

Poor credit history, missed payments, or outstanding unsecured debt can make mortgage lenders hesitant to approve you for a mortgage in Sutton Coldfield.

Therefore, a higher deposit may be requested to demonstrate your financial stability and ability to repay the loan. Remember, a mortgage is a significant loan, and mortgage lenders want to ensure that their applicants can meet their repayment obligations.

Mortgage Guides

Birminghammoneyman.com & 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.

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

Equity Release Council Logo Solla Later Life Logo
Facebook Image X Image Instagram Image YouTube Image LinkedIn Image SpotifyImage TikTok Image

Speak to an Advisor – It’s Free!
7 Days a Week, 8am – 10pm

Speak to an Advisor - It's Free Enquire Online 0121 595 0187
We use cookies to enhance your customer experience. More detailsGot It