Burger Menu

First Time Buyer Mortgage Advice in Grismby

Get Your Free Consultation 7 Days a Week

01472 289768

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

 

Here at Grimsbymoneyman, we love working with First Time Buyers. We understand how hard it can be trying to find a home for the first time. However, with a helping hand from your local expert Mortgage Advisor in Grimsby, you can find your perfect home stress-free. From that first offer through to completion, we will ensure that the process runs as smooth as possible.

 

You may be moving into your new property on your own, with a partner or a friend/relative or even if your situation is a bit more complex, we would still love to help as it is most likely that we have dealt with something similar before.

 

Due to the highly competitive property market, help from an experienced Mortgage Advisor in Grimsby would be highly beneficial. First Time Buyers often rush straight to an estate agent or their bank before talking to a Mortgage Broker in Grimsby, like us. We will search through thousands of deals to help you find the best one regarding your personal situation. It’s not just about getting a deal, it’s about you feeling secure and in safe hands through the process.

 

How does it work?Get a quote nowMeet your advisor

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

Mortgage Lenders 007

Common First Time Buyer Mortgage Scenarios

After working with thousands of First Time Buyers in Grimsby we have found that these were the most common cases our customers are normally in and need our fantastic help with. As part of our free initial first time buyer mortgage consultation, we can look at a large variety of things, 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)

 

How Much Deposit Do I Need?

Normally, you will need a minimum of 5% deposit for a purchase. If you are lucky enough to have received a gifted deposit from a family or friend, this will help you out when making an offer as you already have some of that 5% gifted to you.

 

In Grimsby, we are lucky to still have affordable housing in reputable areas available to First Time Buyers. This makes it easier to get onto the property ladder for a reasonable price. You will find that a 5% to 10% deposit is much more achievable in Grimsby than most smaller cities down south.

 

Contact us to book your free mortgage consultation.

We Work For You

Unlike other Mortgage Brokers, we are not tied to estate agents so we work solely for you. As your local Mortage Broker in Grimsby, we aim to deliver the best service we can to every customer, you can take a look at our fantastic customer reviews here.

 

Currently Renting?

Often, getting a mortgage can work out to be cheaper than renting. Have you considered buying off your landlord? This can be relatively simple with an expert mortgage broker like us if you can get a price agreed.

 

Are you Looking to Buy your Council House?

We can help you with this, we offer amazing support when you need Right to Buy Mortgage Advice in Grimsby. We can also help with your purchase and provide help and guidance throughout the whole application process!

 

Are you a First Time Buyer in Grimsby?

As an expert Mortgage Broker in Grimsby, we aim to provide you with the best First Time Buyer Mortgage Advice we can. We love helping First Time Buyers and getting them onto the property ladder. There is nothing greater than seeing our customers enter their first home with a smile on their face.

 

Get in touch with an experienced Mortgage Advisor today for expert First Time Buyer Mortgage Advice in Grimsby.

What our customers say

Common mortgage
questions

Your free mortgage consultation with a Mortgage Advisor in Grimsby will last approximately an hour. Once they have evaluated your situation, they will recommend a mortgage for you with no obligation for you to proceed. Based on the deal, you can decide whether or not you want to continue the process with us or not.

As a trusted Mortgage Broker in Grimsby, we carry out a fact find to verify your needs before recommending you with a mortgage deal. After a Mortgage Advisor in Grimsby has evaluated your situation, they will perform a credit check on you, this is required for an agreement in principle. Then after you have provided all of the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued.

We always advise that you obtain an agreement in principle before you start viewing properties in Grimsby, to avoid disappointment. If you want to get yourselves a head start, you should get one prior to making an offer.

Typically, an agreement in principle lasts for between 30 and 90 days, however, this can change depending on your lender. If your agreement in principle expires, you can renew it quite easily.

Yes, you can get a second mortgage. Whether this is for debt consolidation or home improvements, this is possible. It is also possible to take out a second mortgage on a second property but only if it is own use, the use of a family member, a holiday home or a Buy to Let.

To buy a property, the minimum deposit that you will need with high street lenders is usually 5%. This percentage can be higher if you have previous credit problems.

It will be harder but yes you can. You will have to show that you can afford a mortgage by putting down a higher deposit, perhaps 10% or 15% of the purchase price.

Yes, however, you must submit at least one years’ accounts. Most lenders use your salary + dividend to calculate the maximum mortgage, whereas other lenders could base it of your net profit.

If you are an employee, you will need to provide three payslips to prove your income. If you are self employed, you will have to prove for the latest 2 years’ accounts. Along with this, you must 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.

Previous

Next

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.

Handy quick links

Grimsbymoneyman.com & Grimsbymoneyman 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.

© 2020 Grimsbymoneyman

Grimsbymoneyman, 13 Dudley Street Business Hive, Grimsby DN31 1UL

Moneyman Logo

Book your Free Consultation

7 Days 8am - 10pm

Moneyman Logo

Moneyman Logo

Moneyman Logo

Ask Your Question