First Time Buyer Mortgages Leeds | First Time Buyer Leeds

First Time Buyer Mortgage Advice in Leeds

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As a First Time Buyer in Leeds, you might find stepping into the homeowning world for the first time an exciting but nerve-wracking experience. Getting a mortgage could be one of the biggest financial commitments of your life so we understand that this may create daunting nerves. We would love to help you on this journey and your assigned Mortgage Advisor in Leeds will be by your side to try and help you achieve your home buying goals.


Here at Leedsmoneyman, we have helped many First Time Buyers in Leeds achieve their home buying goals. To speak with one of our devoted Mortgage Advisors in Leeds, book your free mortgage appointment today. Our team will hold your hand throughout the entire process, answering any mortgage related questions that you may have along the way.


Can I Get a First Time Buyer Mortgage in Leeds?

If you are looking to purchase your first home in Leeds, but unsure if you are eligible for a mortgage. Then you’ll highly benefit from speaking with one of our knowledgeable Mortgage Advisors in Leeds.


When you apply for a mortgage, the lender will look at your financial and current circumstances to check your affordability. This includes assessing your annual salary and any other income and outgoings you have. On top of this, they will check your credit history and make sure that you are the sort of person who can manage their financial responsibility. All of these factors contribute to the maximum amount you can borrow for a mortgage.


How much you put down for a deposit will also determine the mortgages that are available to you.


As an open and honest Mortgage Broker in Leeds, we have a vast amount of knowledge regarding the various lending various available. With this knowledge, we are then able to look at your income, expenditure, and credit history to search 1000’s of deal to recommend the most suitable mortgage for your current circumstances.

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

At the moment, there are a handful of different government schemes to help First Time Buyers onto the property ladder. This includes, Help to Buy Schemes, Lifetime ISAs, and the Right to Buy Scheme. For more information on these schemes feel free to navigate towards the guides section on our website.


Our experienced Mortgage Advisors understand and keep up-to-date with all the current government schemes available, this helps them answer any mortgage related questions you may have regarding the different Government schemes available.

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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Mortgage Advice for First Time Buyers

Having worked in the mortgage industry for over 20 years, providing open and honest Mortgage Advice in Leeds, we have helped many First Time Buyers in Leeds get onto the property ladder. Below we have puit together a list of some of the most popular scenarios our Mortgage Advisors in Leeds come across when helping First Time Buyers in Leeds.

How Much Can I Borrow?

A very popular question for First Time Buyers in Leeds asks because everyone likes to have an idea about the maximum amount they can borrow. We do have calculators available on our website but the results given are only estimate approximate figures. However, our Mortgage Advisors in Leeds will be able to help you get a more accurate maximum loan amount.

Ready to Make an Offer

If you are ready to make an offer, but need help in doing so, then our Mortgage Advice in Leeds team will be happy to help assist you with this. We can help you obtain a mortgage agreement in principle (AIP), an A.I.P. can help give you a better chance of your offer being accepted.

You Have Had an Offer Accepted

If you have had an offer accepted on a property, we can help get the process started on your full mortgage application. We always recommend speaking to a Mortgage Broker in Leeds like ourselves before making any offers. We can help check that you are eligible for a mortgage, and provide you an AIP to back up any offers you put down.

Need an Agreement in Principle (AIP)

As we’ve mentioned above, at Leedsmoneyman, we can usually obtain a mortgage agreement in principle within 24 hours of your initial appointment. Again, it’s always a good idea to have an AIP prior to making any offers. This shows the vendor that you are a serious buyer and, in a better position, to proceed.

Declined by your Bank or Building Society

We tend to find some applicants have approached their bank for a mortgage, but got declined for a mortgage, this doesn’t mean that we won’t be able to help you. There may have been a reason as to why your bank declined your mortgage application. As a Mortgage Broker in Leeds, we work with a lot of lenders, some of which offer specialist products. We can look at your individual circumstances and recommend to you which is the right route to go down.


For more First Time Buyer Mortgage Advice in Leeds, please don’t hesitate to book your free mortgage appointment today. We are available 7 days and have appointments in the evenings and weekends, subject to availability. Our Mortgage Advisors in Leeds will be more than happy to answer all of your questions and look forward to speaking with you.

Why choose us as your Mortgage Broker in Leeds?

For over 20 years as a reputable Mortgage Broker in Leeds, we have provided nothing but open and honest Mortgage Advice in Leeds to many First Time Buyer in Leeds. Rest assured, you’re in safe hands with us.


We offer all of our customers a way to book a free mortgage appointment online to speak with a Mortgage Advisor in Leeds. We sometimes have evening and weekend appointments, so you can pick a time that’s convenient for you.


At Leedsmoneyman, customer service is the heart of our team, and this really shows through our genuine customer reviews. We will always be open and honest with our Mortgage Advice in Leeds, making sure we secure you the most suitable mortgage that is available for your circumstances.


If for any reason we are unable to secure you a mortgage at the time when you contact us. We will always try to advise on the right course of action to take, to hopefully improve your chances in the future.

Why approach a Mortgage Broker in Leeds rather than a bank?

As a Mortgage Broker in Leeds, our Mortgage Advisors in Leeds work from a large panel of lenders to search 1000s of deals to find you the most suitable mortgage product. Whereas if you approached your bank, they would be limited to offering only their products and not any other lenders.


We also work with a number of lenders who offer ‘Specialist’ products, each with varying criteria. We often find that customers who approach us have previously tried their banks but have been declined for a mortgage due to the strict lending criteria. In many of these cases, this is where we will be of assistance.


We are usually able to offer same-day appointments with our Mortgage Advisors in Leeds, making the process much quicker than waiting for an appointment with your bank or building society.

Mortgage Advice Leeds

To get in touch please visit our Contact Page or give us a call on 0113 8272 263 and we’ll book you in for a Free Mortgage Consultation with a Mortgage Advisor in Leeds.

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Common mortgage

Our free initial mortgage consultation can roughly last up to 30 mins. As a skilled Mortgage Broker in Leeds, we can get you an Agreement in Principle within 24 hours after we have all the correct information. On average, a formal mortgage offer takes about three weeks. 

If you’re an employee, you will usually have to supply three pay slips to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ accounts. You will also need to provide proof of ID, address and three months’ bank statements. 

If you can show evidence of at least one year’s accounts, you may be able to get a mortgage. Most lenders in Leeds will use your salary plus dividend to work out your maximum mortgage. However, some can go off your net profit. 

Despite having shown any credit problems in the past, the good news is you may be able to get a mortgage, but it means you may be required to put down a higher deposit, e.g. 10 – 15% of the property purchase price.

Suppose you are looking to put down a deposit for a property in Leeds. In that case, most High Street lenders will ask for a minimum deposit of 5%, and others might ask for a higher amount depending on your circumstances, e.g. If you have had any previous credit problems.

You can have two mortgages running simultaneously, as long as you can afford to repay the monthly instalments on each of them. If you’re looking to accomplish something like debt consolidation or home improvements, you may be able to place a second mortgage on your home. 

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 easily get renewed by speaking to a Mortgage Advisor in Leeds. 

As a committed Mortgage Broker in Leeds, we will carry out a Fact Find to establish your personal needs before we go ahead with advising the most suitable mortgage for your circumstances. From there, you will be credit checked, which is a requirement to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can be issued a formal mortgage offer. 

Your free mortgage consultation with a Mortgage Advisor in Leeds will last around 30 mins. Once they have evaluated your circumstances, they will advise a mortgage with no obligation for you to proceed. Based on the deal, you can determine whether or not you want to continue the process. 

To help demonstrate that you are creditworthy and assess your affordability for a mortgage, we recommend getting an Agreement in Principle ready before viewing properties in Leeds. At the very latest, you should obtain one before making an offer to assist your bargaining position and show any seller that you are ready to proceed should they accept your offer. We are typically able to obtain an agreement in principle within 24 hours.

We make it so easy!
Our 4 step process

Step 1

An initial telephone call where we can take some preliminary details and find out what you're looking to do.

Step 2

Obtain a Mortgage Agreement in Principle to provide support for any future offers you make. You're now ready to start searching for a property.

Step 3

Make an offer on the property you want! Our team will finalise any details and find you the most suitable deal!

Step 4

The final step, taking our mortgage advice. We'll make certain that this is the best deal you can get. You will continue to have our support right until you get the 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

mortgage guides

What Does Remortgage in Leeds Mean?

Taking a look at what remortgage in Leeds means, what defines a remortgage in Leeds & the reasons that people may remortgage in Leeds.

Do You Need a Deposit to Remortgage in Leeds?

A look at whether or not you need a deposit if you are looking to take out a remortgage in Leeds on your property and what to consider. & Leedsmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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Authorised and Regulated by the Financial Conduct Authority.
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The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR

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