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First Time Buyer Mortgage Advice in Leicester

It's free to speak with a mortgage advisor
7 days a week, 8am - 10pm

0116 296 2977 Speak to an Advisor - It's Free!
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First Time Buyer Mortgage Advice in Leicester

Discover your borrowing potential and move closer to securing your dream home as a first time buyer in Leicester.

0116 296 2977

Looking at Getting a First Time Buyer Mortgage in Leicester?

Becoming a homeowner is a big step in your life and a very large financial commitment. As such, we know all too well the nerves that come along with being a mortgage broker in Leicester. Finding and purchasing your dream first home can be elating experience and we would be happy to be of assistance throughout your journey.

We have over two decades of experience within the mortgage industry. Our team is comprised of many expert Mortgage Advisors in Leicester who are readily available to help you through the steps of your mortgage journey.

Here at Leicestermoneyman, we take great pride in making our customers experiences as fluid and easy as we can. We understand that the circumstances change depending on the person. During our time in the industry it’s likely that we will have come across a situation like yours before. This could be anything from moving into a new home by yourself, with a friend or relative, or perhaps something a little more complex.

It’s always best to prepare yourself ahead of time when it comes to making an offer by obtaining a Mortgage Agreement in Principle. If you aren’t too sure of how to go about arranging this, don’t panic, we will be able to help, typically being able to turn this around within 24 hours of your appointment.

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First Time Buyer Mortgage Advice in Leicester

We will be With you Throughout the Whole Process!

With the competitive nature of the mortgage market and needing to secure a property with your estate agent, you may find yourself feeling pressured as a First Time Buyer. As an open & honest Mortgage Broker in Leicester, it’s our aim to support you as best as we can, relieving any stress and worries. If necessary, we can work at a pace that is better suited for your needs.

Choosing the right mortgage for your situation can be overwhelming at times, due to the sheer amount of mortgage types and varied deals available to customers on the market.

Here at Leicestermoneyman we aim to help our customers jump over every hurdle in their way. Our team of mortgage advisors in Leicester will work hard to find you the most appropriate mortgage outcome, based on your personal circumstances.

A free Initial Mortgage Appointment will be offered to any who get in touch. If you are looking to speak with a mortgage professional about your mortgage options, take advantage of expert mortgage advice in Leicester and get yourself booked in for your free mortgage appointment today.

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

To help more first time buyers in Leicester get onto the property ladder, the government introduced various Schemes, including the Lifetime ISA and the Right to Buy Scheme.

Over the years our mortgage advisors in Leicester have worked with a large number of First Time Buyers, helping them take their primary step on the property ladder, utilising our wealth of experience as a mortgage broker in Leicester to provide our customers with a personalised mortgage service.

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FAQ's From First Time Buyers in Leicester

How much can I borrow?

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If you are experiencing the process as a First Time Buyer, chances are that you probably would like to take a look at roughly how much you might be able to borrow in advance, so that you can plan ahead for a mortgage.

We have mortgage calculators located across our website that can help you come up with a general idea, though this is only a rough estimate and might not be right. Speaking to a mortgage advisor in Leicester will allow you to get a better idea as to what you may be able to borrow, as although still also an estimate, they can factor in your situation into the calculation.

Are you ready to make an offer?

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Another reason why you might benefit in getting in touch with a Mortgage Broker in Leicester like ourselves, is that when you reach the point of wanting to make an offer on a property, we can offer you expert support and guidance on the matter.

Our trusted team of mortgage advisors are able to help you obtain your mortgage agreement in principle (AIP), typically within 24 hours of your initial mortgage appointment, which can provide you with a more likely chance of having your offer accepted.

You've had an offer accepted?

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Before you make any offers for a potential new home, it’s always recommended that you get your agreement in principle. If you’ve already had an offer accepted on a property, then the full mortgage application can get underway.

We would highly suggest speaking with a Mortgage Advisor in Leicester, as they will be able to take a look and see if you are eligible for a mortgage on that property at the amount you’re looking to borrow. They will advise on the best course of action to take during your home buying journey.

Need an agreement in principle?

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Our team of advisors are usually able to get you a mortgage agreement in principle turned around within 24 hours of your first point of contact.

As mentioned before, it is always recommended that you have an AIP to hand before making any offers. This will show the seller of the property that you are ready to proceed with a mortgage.

I’ve been declined by your bank or building society, can I still get a mortgage?

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We find that many people seek Mortgage Advice in Leicester when they have approached a bank for a mortgage but have been declined. The bank may have declined your mortgage application for a number of reasons, however, we may be able to help.

As an experienced and reputable mortgage broker in Leicester, we are able to recommend the best outcome for your personal circumstances. Furthermore, we have a vast panel of mortgage lenders to hand, with a selection of them offering customers very specialist products.

We have members of staff available all throughout the working week and even weekends, ready to answer your questions as a First Time Buyer in Leicester, subject to availability. We are excited to get started in helping you through your mortgage journey.

Get in touch and get booked in for your free mortgage appointment with a dedicated mortgage advisor in Leicester.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

Having a conversation with a professional mortgage advisor in Leicester is crucial to discuss your specific mortgage situation.

Our dedicated mortgage advisor in Leicester will conduct a thorough analysis of your income and expenses during a complimentary mortgage appointment. This assessment will help us determine the maximum borrowing capacity available to you as a first time buyer in Leicester.

We Can Search 1000s of Mortgage Deals

Step 2

At Leicestermoneyman, we take pride in our team of experts who can connect you with a wide range of lenders offering products tailored for first time buyers in Leicester. This will greatly assist you in your journey towards becoming a homeowner.

Following your consultation, we will promptly secure your mortgage agreement in principle (AIP), typically within 24 hours. An AIP serves as solid proof to sellers that you are committed to moving forward with the purchase.

Submit Your Mortgage Application

Step 3

After your offer on a property is accepted, our committed mortgage advisor in Leicester will handle the submission of your mortgage application and help with any additional documentation required by the lender.

Throughout the entire mortgage process, your designated case manager will keep you well-informed with regular updates at every stage. We are fully dedicated to supporting you throughout this journey until you finally obtain the keys to your new home.

Protecting You and Your Mortgage

Step 4

In addition to finding the most suitable mortgage deal for first time buyers in Leicester, our team is committed to assisting you in acquiring comprehensive insurance coverage to protect you and your loved ones financially.

Obtaining insurance while securing a mortgage provides a vital safety net in case of unexpected events. Insurance products that cover mortgage payments offer reassurance that in such circumstances, the borrower's family won't be burdened with the responsibility of paying off the mortgage.

Why choose us for mortgage advice in Leicester?

Free Mortgage Appointment

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When you get in touch with our team, you will receive a free mortgage appointment which can either be undertaken over the telephone or through a Microsoft Teams video call.

Our work is exclusively for you, our loyal customer and we will work to provide you with service tailored to your situation. Get in touch and book your free mortgage appointment today with a mortgage advisor in Leicester.

1000s of Deals

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We are able to take a look through 1000’s of different mortgage deals, using our expert knowledge to find you the most appropriate mortgage deal for your personal circumstances as a First Time Buyer in Leicester. Our service doesn’t just stop at finding you the right mortgage, we will be there to support you from the start, through to the end of your journey.

We will be your mortgage support network from your primary enquiry, until you get the keys to your brand new home.

Our Service

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Our trusted and experienced Mortgage Advisors in Leicester have a lot of in-depth knowledge from helping many different first time buyers take their first step on their mortgage process over the years.

If you think your mortgage situation is too complicated, worry not! Using our over two decades of mortgage experience, we like to think that we would be able to help. We’ve encountered a fair few situations over the course of our time in the industry, so there’s likely a situation similar to yours we’ve seen before.

7 days a Week

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We have members of our team ready to take your calls and queries 7 days a week, from early until late. This means that no matter what your circumstances, we are able to work around your life and speak at a time that best suits you.

Our team will always do their best to make the process as stress-free as they can, always looking to provide you peace of mind with everything going on. Every step of the way, you will be kept well informed by your dedicated case handler, who will always be there to explain what’s going on as and when something happens.

Malcolm and Amy Davidson - Mortgage Advice in Leicester

We Search 1000s of First Time Buyer Mortgages in Leicester

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Common First Time Buyer Mortgage Scenarios

How does the free mortgage appointment work in Leicester?

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Your free mortgage consultation in Leicester will last for about 30 mins. Your mortgage advisor in Birmingham will then recommend a mortgage for you and you can decide whether or not you wish to go ahead with it.

How does the process work in Leicester?

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As your Mortgage Broker in Leicester, we will carry out a Fact Find to determine your needs prior to recommending a mortgage that is the most appropriate. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

When should I obtain an Agreement in Principle?

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We recommend that you obtain an Agreement in Principle ahead of viewing properties in Leicester, to avoid any potential disappointment. At the very latest we believe you should obtain one prior to making an offer to help with your bargaining position

How long does an Agreement in Principle last?

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An Agreement in Principle will usually last for between 30 and 90 days depending on the Lender. If your Agreement in Principle expires it can always be refreshed with the assistance of your mortgage advisor.

Can I get a second mortgage in Leicester?

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You may possibly be able to get a second mortgage on your home for debt consolidation or Home Improvements. The usage of a second mortgages extends to using it for yourself, a family member, a holiday home or a Buy to Let in Leicester.

How much deposit do I need in Leicester?

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To purchase a house in Leicester, the minimum required deposit with High Street Lenders is usually around 5%, but this can be higher if you have had credit problems in the past.

Can I get a mortgage with previous credit problems?

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

I’m self employed in Leicester, can I get a mortgage?

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

What documents will I need to send?

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

How long does the process take in Leicester?

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Our free consultation will usually lasts up to 30 mins. Your mortgage advisor can turn around an agreement in principle within 24 hours of this consultation and a formal mortgage offer takes about three weeks on average in Leicester.

Mortgage Guides & Leicestermoneyman 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

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