First Time Buyer Mortgages Birmingham | Mortgage Advice Birmingham

First Time Buyer Mortgage Advice in Birmingham

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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.


Can I Get a First Time Buyer Mortgage in Birmingham?

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.


Are There Any Schemes to Help First Time Buyers in Birmingham?

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

How does it work?Get a quote nowMeet your advisor

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

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First Time Buyer Mortgage Broker in Birmingham

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.

What will the costs be? How much can I borrow?

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.

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

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.

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

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.

Mortgage advice from the bank was unsuccessful?

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.

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

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.

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Common 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!

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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