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First Time Buyer Mortgage Advice in Leeds

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

Finding the right mortgage can be challenging; there are numerous deals out there; it’s easy to lose yourself in the maze of various percentages, fees, and choices of fixed or variable rates.


Here is where we may be able to assist you, speaking to one of our expert mortgage advisors in Leeds is therefore essential. We have access to search thousands of mortgage deals, that’s a lot more than going direct to a lender.

First Time Buyer Mortgage Advice in Leeds

As a specialist mortgage broker in Leeds were able to help find a mortgage that matches your specific needs. Our goal is to guide you through the mortgage process to make it go as easy and efficient as possible.


There are many different types of mortgages available on the market, and sometimes the choice can be overwhelming.


Free Mortgage Consultation

We consider all situations at Leedsmoneyman, and we will try to get over every hurdle to ensure you come out with a great mortgage deal that is best suited to your circumstances.


We also offer a Free Initial Mortgage Consultation for All Customers, and you can choose how you want to receive this: email, call, or video call. Visit our contact us page to discuss further your mortgage options with one of our welcoming advisors.

Are you Currently Renting?

Often, obtaining a mortgage can work out to be affordable than renting. Have you ever thought about buying off your landlord? It can be relatively straightforward with an expert Mortgage Broker in Leeds on your side if you can get a price to reach an agreement.

Are you Interested in Buying Your Council House?

We can help you with this, and we offer fantastic support when you need Right to Buy Mortgage Advice in Leeds. We can also help with your purchase and offer assistance and guidance throughout the entire application process!


How Much Deposit Will You Need?

Usually, you will need a minimum of 5% deposit for a purchase. If you are lucky, you could receive a gifted deposit from a family member or friend, and this is very common for first time buyers in Leeds.


We are fortunate in Leeds, as we still have affordable housing in reputable areas available to first time buyers so that they can take that first step onto the property ladder for a reasonable price. For example, a 5% or 10% deposit is much more feasible in Leeds, than in other places across Yorkshire.


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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Most Frequent First Time Buyer Mortgage Scenarios

After having worked with hundreds of first time buyers in Leeds, we found that the same scenarios kept popping up that our customers needed our fantastic help. As part of our free initial first time buyer mortgage consultation, we can look at a large variety of things, and these can include:

  • Working out your monthly budget based on your property price
  • Producing a mortgage agreement in principle so that you can back up any offers you make with the estate agent
  • Completing your mortgage application through to getting you a mortgage offer
  • Explaining the different types of property surveys that are available to you
  • Recommending a local competitively priced Solicitor with high service standards (if required)
  • Running through your mortgage offer(s) to ensure that all your details are correct
  • Also recommending any associated insurances with your new mortgage (if required)


Have you Run into any Mortgage Hurdles so far?

We often find that clients who call us had some difficulty one way or another with their bank during the mortgage process; this could be due to multiple reasons:

  • Type of property getting bought.
  • Your income structure and employment type, specifically self-employed.
  • I was buying off or with a family member.
  • Buying undervalue.
  • Bank refused or won’t lend enough.
  • You are purchasing off your landlord.


If this happens to be the case, it is essential that you don’t keep trying loads of different lenders without being 100% sure of their strict lending criteria. Can hurt your credit score and may lower your chances of getting a mortgage altogether.


For more information Contact us to book your free mortgage consultation.

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

As a trustworthy Mortgage Broker in Leeds, we take pride in providing our customers with loyalty and maintaining that same level of customer service. We only have your best interests at heart!


Our Mortgage Advisor team in Leeds will make every effort to make the process stress-free, keeping things clear and straightforward, and avoiding industry jargon that might otherwise make the process a little more challenging for you to follow.


If you would like somebody 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. It’s our job to help you along every step of your mortgage journey!


The last thing you want as a first time buyer is to be stressed out, so our team are always on hand to reassure you when things get overwhelming.


For more information, get in touch with a Mortgage Advisor in Leeds to book your free mortgage consultation.

What our customers say

Common mortgage

Our free initial mortgage consultation can roughly last up to one hour. 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 one hour. 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

Leedsmoneyman.com & Leedsmoneyman 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.

© 2022 Leedsmoneyman - Mortgage Broker

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