Burger Menu

First time buyer mortgage advice in Birmingham

Get your free consultation 7 days a week

0121 595 0187

We search 1000’s of first time buyer deals
to save you money!

The process for being a First Time Buyer can be unpredictable and a little frightening, especially if you have never done it before. Do not worry, we’re 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.

 

Often, when buying a home, things don’t always go to plan that’s why having a Trusted Mortgage Expert on your side for trusted Mortgage Advice will prove incredibly helpful.

How does it work?Get a quote now

TSB Logo Santander Logo Natwest Logo Nationwide Logo Barclays Logo Halifax Logo

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?

Seen a property, ready to go and wanting to start your mortgage process?

Offer already accepted? Congratulations! You can now leave your mortgage in safe hands, we’ll do the rest.

After Mortgage Advice to help with a complicated situation?

Have a Mortgage Agreement in Principle Certificate to hand so you’re ready to make offers.

Been declined by your Bank’s Mortgage Advisor? Worried about your credit score, the bank won’t lend you enough, or don’t fit their criteria?

We’ll offer Mortgage Advice to support you anytime you need us, 7 days a week! Reliable advice is available morning, evening or at the weekend. We’re here at a time that suits you and your family.

We’ll aim to make you feel relaxed and be open and honest – We’ll take away the stress. We want to make your experience as a First Time Buyer as pleasant as we can.

We’re not like a bank – We’re able to search 1000’s of mortgage deals in order to recommend the best one for you to get you the best possible outcome!

Please read our genuine customer reviews at Reviews.co.uk. Your service and happiness is really important to us!

What our happy customers say

Common mortgage
questions

Your free consultation lasts approximately one hour and it can be carried out over the phone or face to face. 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.

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 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.

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.

The amount you can borrow is dictated by how much you earn, your monthly expenditure and the length of the mortgage term. We can give you an indication of the maximum mortgage available during our free initial consultation.

Previous

Next

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.

Handy quick links

UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2020 Birmingham Moneyman

Moneyman Logo

Moneyman Logo