First Time Buyer Mortgage Advice in Grismby

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

If you are a First Time Buyer in Grimsby with the hopes of getting onto the property ladder, then our team will be more than happy to help you along your journey all the way to you getting the keys to your dream first home.

 

First time buyers, like yourself, may feel the home buying process a little bit overwhelmed and nervous and understandably so, which is why you will benefit from the help of a trusted Mortgage Broker in Grimsby like ourselves.

 

Rest assured, our Mortgage Advisors in Grimsby are here to put your mind at ease and reduce as much stress as we can. We will be by your side all throughout the entire process, to answer questions and concerns you may have.

 

Here at Grimsbymoneyman, we have helped many First Time Buyers in Grimsby get onto the property ladder and achieve their mortgage goals. Our customer service goes beyond just finding you the most suitable product.

 

Can I get a first time buyer mortgage in Grimsby?

If you are looking at buying your first ever home but are not sure whether you would be eligible for a mortgage, then you would truly benefit from contacting an expert Mortgage Advisor in Grimsby.

 

When you are prepared to start your mortgage application, mortgage lenders will assess your affordability. They will examine your annual salary and any other additional income you have, along with your outgoings.

 

Your lender will also check your credit history to make sure that you are managing your finances sensibly, and lastly, your deposit will also determine which mortgage deals are available to you. All of this will factor in the maximum amount you may be able to borrow.

 

As a Mortgage Broker in Grimsby, we have a massive in-depth understanding of the different mortgage lenders’ criteria. Utilising what they know, we can look at your income, expenditure, and credit history, for us to recommend the most suitable mortgage deal for your circumstances.

Are there any schemes to help first time buyers in Grimsby?

At this time, there is a selection of government schemes that are designed to help first time buyers in Grimsby get onto the property ladder. These include, but are not limited to, Help to Buy: Equity Loan Scheme, Lifetime ISA, and the Right to Buy Scheme.

 

You can find more information about these schemes by navigating to the guides section of our website or by visiting the government Own Your Home website.

 

Our team of fast & friendly Mortgage Advisors in Grimsby are acquainted with all the various government schemes that are currently available and will help answer all of your questions you may have in regard to any of these.

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 in Grimsby

Across our multiple years of providing our customers with knowledgeable, Mortgage Advice in Grimsby, we managed to help many First Time Buyers in Grimsby get onto the property ladder.

 

Following we have compiled a general summary of the most popular scenarios we regularly meet when helping First Time Buyers in Grimsby.

How much can I borrow?

In many cases, we find that First Time Buyers in Grimsby who tend to be early in the process will just be curious about the maximum amount they could borrow. We do have mortgage calculators on hand to help you gather a rough estimate, though these figures aren’t guaranteed.

 

Our mortgage advisors in Grimsby will be able to look at your case and help you to work out a more accurate maximum loan amount.

Ready to Make an Offer?

If you currently found your ideal first home and want to make an offer but need the help of an expert to do so, then our mortgage advice team in Grimsby will be happy to help you out with this.

 

We can also look at getting you a mortgage agreement in principle (AIP) also known as a decision in principle (DIP), to increase your chances of your offer being accepted.

You’ve Had an Offer Accepted

If your offer was accepted, we can then start working on helping you with your full mortgage application. It is always better to speak with a Mortgage Broker in Grimsby before making an offer on any property.

Need an Agreement in Principle (AIP)

Here at Grimsbymoneyman, we typically can obtain your mortgage agreement in principle within 24 hours of your appointment. If you are lucky, you could be looking on the same day.

 

As touched upon, we always recommend that you have an AIP/ DIP before you start making any offers. This shows the seller of the property that you are looking to buy that you are serious and, in a good position, to proceed with a mortgage.

Declined By Your Bank or Building Society

If you have already spoken with your bank for a mortgage, but they have declined you, there is still a chance that we will still be able to help you out.

 

As an experienced and trusted mortgage broker in Grimsby, we work with various mortgage lenders, many of whom offer specialist mortgage products. We can review your circumstances and advise on the most appropriate path for you to take going forward.

 

If you are in the market for First Time Buyer Mortgage Advice in Grimsby, please feel free to get in touch via phone call or book your free mortgage appointment. We are available 7 days a week, from early until late, and will be happy to answer all of your mortgage queries and concerns. We look forward to hearing from you soon.

Why choose us to help you buy your first home in Grimsby?

 

Here at Grimsbymoneyman, we have a terrific team of expert Mortgage Advisors in Grimsby, each of who have helped many First Time Buyers in Grimsby gets on the property ladder in Grimsby and surrounding areas.

 

Our Mortgage Advisor in Grimsby works 7 days a week from early in the day until late, making sure that we are available at a time that is appropriate for you. All of our customers benefit from our free mortgage appointment, which will generally be carried out over the phone or through a video call via Microsoft Teams.

 

If you are concerned that your situation is difficult, rest assured we have over 20 years of experience that offers expert Mortgage Advice in Grimsby. The probability of us coming across a situation we have never seen before, is extremely unlikely.

 

We are able to search through 1000’s of first time buyer mortgages in Grimsby, to find you the most suitable deal for your personal and financial circumstances. We will be there during the entire process and happily answer any questions you have, up until you get the keys and beyond!

 

As an open & honest mortgage broker in Grimsby, we aim to reduce as much stress as possible. Your dedicated mortgage case manager will keep you informed every step of the way, making sure you always understand what is going on, with jargon at a minimum.

 

Contact us now to book your free mortgage appointment and we look forward to helping you with your mortgage dreams.

Reviews Stars4.96 Rating28 Reviews

Common mortgage
questions

The free mortgage consultation will last approximately an hour. When your Mortgage Advisor in Grimsby has evaluated the situation, they will advise a mortgage for you with no obligation for you to begin the process. From this, you can decide if you want to proceed with us or not.

An agreement in principle usually lasts between 30 and 90 days but this can change depending on your lender. You can renew your agreement in principle if it expires.

Before you start viewing a property in Grimsby, we always suggest that you obtain an agreement in principle. If you want to be prepared ahead of time, you need to get one before making an offer.

The process of a trusted Mortgage Broker in Grimsby starts by conducting a fact find to support your needs before recommending a mortgage deal. When a Mortgage Advisor has evaluated your situation, they will carry out a credit check on you, this is needed for an agreement in principle. A formal mortgage offer can be provided when you have evidenced all of the relevant documentation and a valuation of the property has been completed.

You can get a second mortgage even if this is for debt consolidation or home improvements. You may have the choice to take out a second mortgage on a second property for your own use or a family member’s use, a holiday home or a Buy To Let.

The minimum deposit that you will need to buy a property with high street lenders is usually 5%. If you have previous credit problems, this percentage can be higher.

Due to having previous credit problems, it may be harder, however it isn’t impossible. To show you can afford a mortgage, you will need to put down a higher deposit, probably 10% or 15% of the purchase price.

If you are self employed, you can still get a mortgage however you must provide at least one years’ accounts. To calculate the maximum mortgage, the majority of lenders would use your salary + dividend, whilst 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.

You will need to provide three payslips if you are an employee to prove your income, though you will have to provide the latest 2 years’ accounts if you are self employed. As well as this, you must provide a proof of ID, address and 3 months’ bank statements.

The process of our free consultation can last up to an hour and when it comes to an Agreement in Principle, we can have this ready for you within 24 hours. A formal mortgage offer has been known to take about three weeks on average.

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 Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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
www.financial-ombudsman.org.uk

© 2022 Grimsbymoneyman

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

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