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First Time Buyer Mortgage Advice in Birmingham

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The process for being a First Time Buyer in Birmingham can be unpredictable and a little frightening, especially if you have never done it before. Do not worry, our experienced Mortgage Advisors in Birmingham are here to offer a helping hand and support you through the whole process, talk you through what happens and always be at the other end of the phone when you need us.

 

As well as finding you the most suitable mortgage for your individual circumstances, our friendly team will be on hand to help with conveyancing solicitors, surveys and taking care of all the paperwork. Let us take the stress away.

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

As an expert Mortgage Broker in Birmingham, we have helped many First Time Buyers in Birmingham onto the property ladder, and there is rarely a situation that we have not come across. Below are some popular First Time Buyer scenarios:

  • Would you like to know how much you can borrow on a mortgage and the monthly cost ahead of property viewings as a First Time Buyer in Birmingham?
  • Have you seen a property and would like a mortgage Agreement In Principle to back up any offer that you put forward?
  • Has your offer been accepted, and you would like to proceed with your mortgage application?
  • Have you been to your bank for Mortgage Advice in Birmingham, but have been unsuccessful and need to seek help from an experienced Mortgage Broker in Birmingham?

Contact us to book your free mortgage consultation.

Why choose us for First Time Buyer Mortgage Advice in Birmingham?

Our experienced Mortgage Advisors in Birmingham love helping First Time Buyers. Right from your initial call through to getting the keys to your dream home, your dedicated Mortgage Advisor in Birmingham will be by your side throughout the whole process. Ready to help answer any questions that you may have.

 

Unlike your Bank, we can search 1000s of mortgage deals to find the best one that suits your individual circumstances. If you like we can also help with putting offers forward to Estate Agents, conveyancing solicitors and help with deciding on what survey would be best.

 

Our Mortgage Advice in Birmingham team are available seven days a week, morning, evening and weekends. We’re here at a time that suits you and your family.

 

We will take the stress away, manage all the paperwork, leaving the exciting bits to you!

 

Please read our genuine customer reviews, the service you receive and your happiness is really important to us.

What our customers say

Common mortgage
questions

Your free mortgage consultation in Birmingham will last approximately one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to go ahead.

As your mortgage broker in Birmingham, we carry out a Fact Find to establish your needs prior to recommending the most suitable mortgage for you. A credit check is then required for an Agreement in Principle and then once you have provided all the relevant documentation and a valuation of the property has been carried out a formal mortgage offer can be issued

We recommend you obtain an Agreement in Principle before you start viewing properties in Birmingham, to avoid disappointment. At the very latest you should obtain one prior to making an offer to assist your bargaining position

An Agreement in Principle typically lasts for between 30 and 90 days depending on the Lender. If your Agreement in Principle expires it can always be refreshed.

It can be possible to get a second mortgage on your home for debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if it is for your own use, the use of a family member, a holiday home or a Buy to Let.

To purchase a house in Birmingham. The minimum deposit with High Street Lenders is typically 5% but this can be higher if you have had previous credit problems.

If you have had credit problems you can still get a mortgage but you may need to put down a higher deposit than usual, perhaps 15% of the purchase price.

You can get a mortgage once you have submitted at least one year’s accounts. Most Lenders use your salary + dividend to calculate the maximum mortgage whereas others go off your net profit.

To prove income it’s usually three payslips for an employee and the latest 2 years’ accounts for self-employed. In addition you will need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours and a formal mortgage offer takes about three weeks on average.

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We make it so easy!
Our 4 step process

Step 1

A telephone test call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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