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First Time Buyer Mortgage Advice in Leicester

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0116 296 2977

We’ll be With you Every Step of the way!

People come to us and say they are feeling a little anxious about the process of buying a home as a First Time Buyer. It’s understandable – The market has much competition, and the Estate Agents can put much pressure on you.

Here is where we may be able to assist you. Our team of experienced Mortgage Advisors in Leicester will work patiently and effectively alongside you, to ensure your property-owning dream come to life.

Finding The Right Deal For You

We search throughout thousands of Mortgage deals to find the right mortgage tailored to fit around your circumstances. From buying by yourself, with a friend/ partner, to having a mortgage dilemma, we’re usually able to help you out.

Some people come to us with a Mortgage Agreement in Principle; it’s handy for when you are ready to make an offer.

How Much Will I Need For My Deposit?

As a First-Time Buyer, you would need a minimum of 5% to put down as a deposit on your first home. Your deposit can come from your savings or even a gifted deposit from a friend or family member. In some cases, you can have a mixture of gifts and savings

Are You Currently Renting?

Some cases, buying a property and taking out a mortgage can be cheaper than privately renting. If you’ve thought about buying the property, you’re currently in from your landlord or housing association, and it’s worth checking your eligibility for the Right-to-Buy Scheme. Speaking to your local authority should allow clarification on this.

 

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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Popular First Time Buyer Mortgage Scenarios:

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

 

  • 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 Leicester?
  • 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 Leicester, but have been unsuccessful and need to seek help from an experienced Mortgage Broker in Leicester?

 

Contact us today to speak with one of our experienced Mortgage Advisors in Leicester to book your free mortgage consultation, we look forward to hear from you.

Reasons to Choose Leicestermoneyman To Help Put Your Foot On The Property Ladder

Our experienced Mortgage Advisors in Leicester love helping First Time Buyers. Right from your initial call through to getting the keys to your dream home, your dedicated Mortgage Advisor in Leicester 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 Leicester team is 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! Need some reassurance,  read our genuine customer reviews, the service you receive, and your happiness is really important to us it’s the heart of our company.

What our customers say

Common mortgage
questions

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

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.

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

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.

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.

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.

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.

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.

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.

Our free consultation will usually lasts up to an hour or so. 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.

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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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Leicestermoneyman.com & Leicestermoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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.

© 2021 Leicestermoneyman

Leicestermoneyman – 3 Oswin Road, Leicester, LE3 1HR

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