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First Time Buyer Mortgage Advice in Tamworth

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7 days a week, 8am - 10pm

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First Time Buyer Mortgage Advice in Tamworth

Are you a first time buyer in Tamworth? 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 Tamworth?

We understand the stress and overwhelming nature of becoming a first time buyer. As a mortgage broker in Tamworth are here to make the process of getting a mortgage as smooth and simple as possible.

We have helped many first time buyers in Tamworth find the right mortgage for their individual circumstances. Our mortgage advisors in Tamworth are here to provide support and guidance throughout the entire process, from the initial enquiry to the day you get the keys to your new home.

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First Time Buyer Mortgage Advice in Tamworth

We will be With you Throughout the Whole Process!

When applying for a mortgage, lenders will take into account your income, expenditure, and credit history to determine how much you can borrow. The amount you have saved for a deposit will also play a part in what mortgages are available to you.

Our mortgage advisors in Tamworth have an in-depth knowledge of lenders’ criteria and can search through thousands of deals to find the most suitable mortgage for you.

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 Tamworth can provide you with an approximate estimate of this, giving you a better understanding and fewer unanswered questions about your process.

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FAQ's From First Time Buyers in Tamworth

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

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The government has introduced various schemes to help first time buyers in Tamworth get onto the property ladder, such as the Lifetime ISA and the Right to Buy Scheme. Our advisors are familiar with all the current government schemes and can advise you on which one is best for you.

Get in touch with one of our mortgage advisor in Tamworth today and receive a free mortgage consultation. We are here to help you every step of the way.

As a mortgage broker in Tamworth, we have over 20 years of experience in providing expert mortgage advice in Tamworth and can help you reduce your nerves and work hard to find success with your first home. We have a wealth of knowledge and experience in the industry and can provide you with a rough estimate of costs and how much you can borrow.

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’re in a position to proceed should they accept your offer, putting you ahead of other potential buyers and allowing for possible negotiation on price.

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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If your offer has been accepted, get back in touch with your mortgage broker in Tamworth. They will be able to progress your mortgage application and deal with all the paperwork on your behalf.

Mortgage advice from the bank was unsuccessful?

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If you’ve been turned away from your bank, our team of mortgage and protection specialist advisors in Tamworth will work hard to try and find a solution for any hurdles you come across.

Book your free initial mortgage consultation today and let us help you get onto the property ladder.

Our Customers Love Us

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 Tamworth is essential to discuss your mortgage scenario.

Our dedicated mortgage advisor in Tamworth 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 Tamworth.

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 Tamworth. 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 Tamworth 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 Tamworth, 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 advisors in Tamworth love helping first time buyers, and provide you with the best mortgage advice in Tamworth achieve success during their first time looking for a home in Tamworth.

Please read our genuine customer reviews, as they are a true reflection of the level of dedication and support we provide to all customers. The service you receive and your happiness is really important to us.

1000s of Deals

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Unlike traditional banks, as a mortgage broker in Tamworth, we can search thousands of mortgage deals to find the best one that meets your individual needs, 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.

Our Service

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From the very first call, right through to getting the keys to your dream home, your dedicated mortgage advisor in Tamworth will be there to provide support and guidance throughout the process and to answer any questions you may have about your mortgage.

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. We take your service and your satisfaction very seriously.

7 days a Week

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Our mortgage advice team in Tamworth are available seven days a week, morning, evening and weekends. From 8am, right through until 10pm at night, we are here at a time that suits you, your family and your work and personal schedule.

We always strive to take the stress away and manage all the paperwork for you. The fun 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 Tamworth

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Common First Time Buyer Mortgage Scenarios

Why use a mortgage broker in Tamworth like us?

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We are a mortgage broker in Tamworth, our job is to support you throughout your entire mortgage process. We will be right by your side from start to finish.

We have your best interests at heart and we will do our best to save you time and money. We can search through 1000s of mortgages in order to find the most competitive product for you!

You can easily speak with a mortgage advisor in Tamworth by booking your free mortgage appointment online. We have appointments available 7 days a week – pick a date and time that best suits you.

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

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If you are looking to get a mortgage in Tamworth, you will typically need at least a 5% deposit based on the property’s value.

If you have bad credit, you may be asked to put down a larger deposit. This will usually be around the 10%-15% mark.

Can I get second mortgage in Tamworth?

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There are many different reasons why someone may want more than one mortgage; the main reasons include for a buy to let or let to buy. People may have more specific reasons, however, such as holiday let, buying for a family member etc.

You must have a good credit score to obtain a second mortgage and lenders will perform an in-depth credit search on you so that they are adamant that you can afford it. If you are taking out a new mortgage for a buy to let/let to buy property, your mortgage payments will be covered by your tenant.

Our mortgage advisors in Tamworth will run through your affordability before you submit your new mortgage application.

How does my free mortgage appointment in Tamworth work?

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Your free mortgage appointment in Tamworth will last around 30-60 minutes. During this appointment, you will get the chance to speak with a mortgage advisor in Tamworth and discuss your mortgage options.

Your mortgage advisor in Tamworth will ask you questions to better understand your situation and what you hope to accomplish. They will also take a look at your personal and financial situation and try to work out what sort of mortgage products you may be able to access.

When should I get an Agreement in Principle in Tamworth?

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An agreement in principle, otherwise known as an AIP is a document that you will need to support your offers whilst looking for properties in Tamworth. AIPs confirm that lenders are willing to lend to you given that you can prove your income and affordability.

In a situation 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.

Your AIP will remain valid for 30-90 days, once it expires, you will need to apply for a renewal. Luckily, our mortgage advisors in Tamworth are able to turn around an AIP within 24 hours of your mortgage appointment; just get in touch with our team and we’ll be more than happy to help!

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

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Despite having bad credit, in some cases, you may still be able to get a mortgage with bad credit in Tamworth. There are a few specialist lenders that offer mortgage products designed for customers with bad credit.

To access these types of products, you will be asked to put down a larger deposit, usually around 10%-15%. With you having bad credit, lenders need you to demonstrate your reliability.

If you need mortgage advice in Tamworth, feel free to reach out to our team. If you need to improve your credit score, we can give you some pointers on where to start!

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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