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First Time Buyer Mortgage Advice in Leeds

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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 a lot of pressure on you.

 

Here is where we may be able to assist you. Our team of experienced advisors 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 does it work?Get a quote nowMeet your advisor

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

Mortgage Advice in Leeds for First Time Buyers

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

 

  • Need some help in making an offer on a property you have your heart set on?
  • Looking to buy and wondering how much you might be entitled to borrow/ what your repayments could be?
  • Hit a roadblock on your journey and need some assistance?
  • Do you want to start your Mortgage application, as you’ve had an offer accepted?

 

Contact us to book your free mortgage consultation.

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

We keep loyal to our customers, with no ties to Banks, Building Societies or Estate Agents. We only have your best interests at heart! Our Mortgage Advice team will try their best to make the process stress-free, keeping things clear and straight forward.

 

If you would like someone to talk to the Estate Agent on your behalf, to make an offer, we can also do that for you. We can also look at sourcing conveyancing and solicitors’ quotes for you.

 

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.

 

Contact us to book your free mortgage consultation.

What our customers say

Common mortgage
questions

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

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for self-employed. You will also 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. A formal mortgage offer takes about three weeks on average.

Your free mortgage consultation in Leeds will last round about 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 proceed with the mortgage.

As your mortgage broker in Leeds, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. 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.

To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Leeds. 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 used. If your Agreement in Principle expires it can always be refreshed.

It may be possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

The minimum deposit when purchasing a house in Leeds with High Street Lenders is typically 5%. 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 possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

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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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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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