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For those taking on the mortgage process as a First Time Buyer in Birmingham, we want to help you get the keys to your first home. Sometimes the home buying process may leave you feeling a little overwhelmed and daunted, but rest assured, our Mortgage Advisors in Birmingham are here to take the stress away.
As a Mortgage Broker in Birmingham, we have found suitable deals for many First Time Buyers in Birmingham to help achieve their mortgage goals. It’s not just about finding you a mortgage for your individual circumstances.
Our Mortgage Advisors in Birmingham will be here to talk you through what happens and always be at the other end of the phone when you need us for any queries regarding the journey you are undertaking.
Suppose you are looking to purchase your first home but are uncertain of being eligible for a mortgage. Then you would appreciate one of the many benefits of speaking to a Mortgage Advisor in Birmingham.
While applying for a mortgage, affordability plays a huge part. Your lender will examine your annual salary and any other income you have, alongside your outgoings. As well as looking at your credit file to make sure you can manage your finances responsibly. All these facts get taken into consideration to see how much you can borrow for a mortgage.
How much you have saved for a deposit can also factor in what mortgages are available to you.
As a Mortgage Broker in Birmingham, 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.
To help more First Time Buyers in Birmingham get onto the property ladder, the government released various Help to Buy Schemes, including the Lifetime ISA and the Right to Buy Scheme.
For more information on these schemes, feel free to navigate to our website’s Help to Buy service page.
Our Mortgage Advisors in Birmingham are familiar with all the current government schemes available and If you feel like this scheme will benefit you, get in touch with an expert Mortgage Advisor today and receive a free mortgage consultation
As a trusted and experienced mortgage broker with over 20 years of experience in the world of mortgages providing expert Mortgage Advice in Birmingham, we have helped many First Time Buyers in Birmingham onto the property ladder, reducing their nerves and working hard to try and find them success with what they were looking to achieve with their first home.
Our Mortgage Advisors in Birmingham have vast knowledge and experience in this industry. There is rarely a situation that we have not come across. Below are some popular First Time Buyer scenarios we come across frequently.
For many who get in touch, especially First Time Buyers, a part of the anxiety and uncertainty can be down to wondering how much they can borrow and what their monthly costs may be going forward.
Your dedicated Mortgage Advisor in Birmingham will be able to provide you with a rough estimate on this, giving you a clearer picture and fewer unanswered questions surrounding 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. No matter the name you hear it called, the purpose is the same.
An AIP means that you have passed the lenders 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 proceed should they accept your offer, putting you ahead of other potential buyers allowing for possible negotiation on price.
A member of our mortgage advice team can usually turn these around within 24 hours of your initial appointment.
This is excellent news! Your next step will be to get back in touch with your Mortgage Broker in Birmingham. They will be able to progress your mortgage application and deal with all the paperwork on your behalf.
We come across various circumstances and hurdles all the time, so your experienced advisor will likely have come across something similar in the past.
With this knowledge, they’ll work hard to ensure you hopefully end up with a favourable outcome.
Whether because of bad credit, no credit or something else, we often hear from First Time Buyers in Birmingham who have been turned away from their bank.
Our team of mortgage and protection specialist advisors in Birmingham will work hard, from early until late, to try and find a solution for any hurdles you come across.
Get in touch to book your free initial mortgage consultation.
Our team of fast, friendly & experienced Mortgage Advisors in Birmingham love helping First Time Buyers achieve success during their first time looking for a home in Birmingham.
Right from your initial call, right through to getting the keys to your dream home, your dedicated mortgage advisor in Birmingham 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.
Unlike 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 it 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 mortgage advice team in Birmingham 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!
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.
4.99 Rating67 Reviews
Shelline
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...
Nafesa
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...
Anonymous
Incredibly helpful, supported throughout whole process
Nazeef
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.
Tyler
Had great help from both Joe and Chris and Chloe who were all friendly and always happy to help
Rosie
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....
Sophie
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...
Esme
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.
Sheikh
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
Abdassami
Second time with this broker and it's been an amazing experience. Would definitely recommend. Anna and Matt were brilliant.
Nicholas
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...
Asia
Great team - very good communication and very nice, helpful team that made it possible for me! Thank you for the great service.
Andrew
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.
Kazim
That nice 😊
Kristina
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...
Anonymous
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...
Eleanor
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...
Anonymous
Very good service, unbelievable fast to apply my mortgage. Thank you all of you.
Tyler
Aaron was both very friendly and helpful over the phone.
Samina
Dale was a Very lovely person to speak to. Gave all the best advise he can and was very polite. Made me reassured with a few problems I may have but gave me a few options around getting a mortgage
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
Our Mortgage Advisors in Birmingham recommend that you try and get your Agreement in Principle before you take up the decision of starting to view properties in Birmingham, to avoid disappointment. At the very latest you should obtain one prior to making an offer to assist your bargaining position with the seller.
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. If you need help obtaining one, our Mortgage Advisors in Birmingham can usually get one sorted for you within 24 hours of your application.
It can be possible to get a second mortgage on your home in Birmingham 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 may still be able to get a mortgage but you will likely need to put down a higher deposit than usual, perhaps 15% of the purchase price.
You can get a mortgage in Birmingham 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 in Birmingham 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. Before you know it, you will be moving into your new property in Birmingham!
A telephone test 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.
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.
