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First Time Buyer Mortgage Advice in Telford

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First Time Buyer Mortgage Advice in Telford

Are you a first time buyer in Telford? 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 Telford?

Are you a First Time Buyer in Telford looking to get onto the property ladder? Don’t worry, as a mortgage broker in Telford our mortgage advisors are here to help. We understand that the home buying process can be daunting, so we want to make it as stress-free as possible.

We have helped many First Time Buyers in Telford to find the perfect mortgage deal for their individual circumstances. Not only do we search through 1000’s of deals to find the most suitable mortgage for you, but we also provide ongoing support and advice throughout the entire process.

Ready to get started? Get a free quote now and meet your advisor to discuss the home buying process. Our team will be with you every step of the way!

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First Time Buyer Mortgage Advice in Telford

We will be With you Throughout the Whole Process!

When applying for a mortgage, affordability is a key factor. Your mortgage lender will assess your annual salary, any other income you have and your outgoings. They will also look at your credit file to make sure you can manage your finances responsibly.

All of these factors will be taken into consideration to determine how much you can borrow for a mortgage. The amount of money you have saved for a deposit can also affect which mortgages are available to you.

Our mortgage broker in Telford, we have a wealth of knowledge when it comes to mortgage lenders’ criteria. 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 needs.

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

For many who contact us, 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 costs may be.

Your committed Mortgage Advisor in Telford will be able to provide you with an approximate answer to this, giving you a clearer picture and fewer unanswered queries regarding your process.

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FAQ's From First Time Buyers in Telford

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

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The government have introduced various schemes to help First Time Buyers in Telford get onto the property ladder, such as the Lifetime ISA and the Right to Buy Scheme.

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

If you would like to receive a free mortgage consultation and find out more about the schemes available, get in touch with one of our expert Mortgage Advisors today.

As an experienced and reliable mortgage broker with over two decades of experience in the world of mortgages, providing expert mortgage advice in Telford, we have aided many First Time Buyers in Telford in their journey to the property ladder, helping to reduce their worries and striving to secure a successful outcome with their first home.

Our Mortgage Advisors in Telford have a wealth of knowledge and experience in this field. There is hardly a situation that we have not encountered.

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

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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 you hear it called, the purpose is the same.

An AIP implies that you have passed the mortgage 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.

An AIP implies that you have passed the mortgage 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.

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

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This is great news! Your next step will be to get back in touch with your Mortgage Broker in Telford. They will be able to progress your mortgage application and take care of all the paperwork on your behalf.

We come across various circumstances and obstacles all the time, so your seasoned advisor will likely have come across something similar in the past. With this expertise, they’ll work hard to ensure you hopefully end up with a desirable 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 Telford who have been turned away from their bank.

Our team of mortgage and protection specialist advisors in Telford will work hard, from early until late, to try and find a solution for any obstacles you come across. Get in touch to book your free initial mortgage consultation.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

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

Our dedicated mortgage advisor in Telford 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 Telford.

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 Telford. 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 Telford 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 Telford, 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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We are a fast, friendly & experienced mortgage broker in Telford love providing First Time Buyers with expert mortgage advice in Telford to achieve success during their first time looking for a home in Telford.

1000s of Deals

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In comparison to the high street banks, we are able to search 1000’s of mortgage deals to find the best one that suits your individual circumstances, both financially and personally.

If that is something you would also prefer, we can also help with putting offers forward to estate agents, conveyancing solicitors and help with deciding on what survey would be best.

Our Service

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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.

From the moment you make your initial call, right through to getting the keys to your dream home, your dedicated mortgage advisor in Telford will be by your side to provide support and guidance throughout the day and ready to help answer any questions that you may have regarding your mortgage.

7 days a Week

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Our mortgage advice team in Telford 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 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 Telford

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Common First Time Buyer Mortgage Scenarios

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

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When seeking a mortgage in Telford, most lenders will request a minimum deposit of 5% of the property’s value. However, if your credit score is lower, you may be required to provide a larger deposit of 10% to 15% of the property’s cost. This is because mortgage lenders often scrutinize your credit history to ensure that they’re lending to a trustworthy borrower.

Missed payments or unsecured debts are typically viewed as possible concerns for mortgage lenders.

Why use a mortgage broker in Telford like us?

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As your mortgage broker in Telford, we’re committed to guiding you through the entire mortgage process, from start to finish. Our aim is to help you locate the most appropriate mortgage product for your financial and personal circumstances, assist you with completing your application, ease any stress during the process, and, most importantly, assist you in obtaining the keys to your dream home.

Our team of professionals has extensive experience working with a variety of buyers, with specialisations that include buy to let and self-employed mortgages in Telford, equity release, insurance, and unique scenarios.

Accessing mortgage advice in Telford has never been simpler, as you can now book your free mortgage consultation or schedule a callback with one of our mortgage advisors in Telford online.

How does my free mortgage appointment in Telford work?

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At your free mortgage consultation, you’ll have the chance to speak with a mortgage advisor in Telford for roughly 30-60 minutes. Your advisor will inquire about your mortgage needs and objectives, as well as collect information about your personal and financial history to identify available mortgage options that match your situation.

Following the consultation, your mortgage advisor in Telford will conduct research to locate a suitable mortgage product that aligns with your specific circumstances.

Can I get a second mortgage in Telford?

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As a mortgage broker in Telford, we have helped numerous applicants in securing a second or even multiple mortgages, for purposes such as buy to let, let to buy, holiday lets, and more.

However, obtaining another mortgage typically requires a sizeable deposit, a strong credit score, and the ability to manage additional monthly repayments. In cases where a let to buy or buy to let mortgage in Telford is involved, having a tenant can help cover these expenses.

Before proceeding with an application for another mortgage, we suggest consulting with a mortgage advisor in Telford to determine your eligibility. Our experienced team has been working in the industry for over 20 years and is available to provide assistance.

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

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Even if you have bad credit, obtaining a mortgage in Telford may still be possible. Certain lenders specialise in providing products to buyers with bad credit, so it’s worth exploring these options.

However, if you have bad credit and are seeking a mortgage in Telford, be prepared to provide a larger deposit, usually around 10%-15%. If you require mortgage advice in Telford and would like assistance in improving your credit score, our mortgage advisors in Telford are available to guide you in the right direction and provide tips on where to start.

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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

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