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First Time Buyer
Mortgages in Grimsby

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7 days a week, 8am - 10pm

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First Time Buyer
Mortgages in Grimsby

Discover your borrowing potential and move closer to securing your dream home as a first time buyer in Grimsby.

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Looking at Getting 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.

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First Time Buyer<br>Mortgages in Grimsby

We Will Be With You Throughout the Whole Process!

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.

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 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.

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FAQ's From First Time Buyers in Grimsby

Are there ways to help me get onto the property ladder in Grimsby?

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Gifted deposits aren’t the sole avenue for first-time buyers in Grimsby to step onto the property ladder. Various government schemes, some help with deposits, increase your chances of homeownership.

Help to Buy: Shared Ownership, Lifetime ISAs, and the Right to Buy Scheme are among them. Shared Ownership enables you to purchase a fraction of a property, with the option to increase shares in the future, paying the remaining share as rent.

Lifetime ISAs are savings accounts designed for future home purchases, with the government contributing annually.

The Right to Buy Scheme allows eligible tenants to buy their rental property, potentially at a discounted price. These schemes offer valuable assistance if you meet the eligibility criteria.

To explore these schemes further, check out our informative mortgage guides or contact our team for personalized assistance.

Can I get a first time buyer mortgage in Grimsby?

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If you’re buying your initial residential property in Grimsby or haven’t owned one before, you qualify as a first-time buyer in Grimsby.

Owning commercial property doesn’t count towards homeowner status for mortgage purposes. Unfortunately, in a couple, both partners must be first-time buyers in Grimsby to access first-time buyer benefits.

How can we help you get a first time buyer mortgage in Grimsby?

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As an established team of mortgage advisors in Grimsby, Grimsbymoneyman caters to the needs of first-time buyers. We assess your mortgage eligibility, saving you time and potential rejection if you were to apply independently.

Beyond confirming your eligibility, we scour thousands of mortgage deals to find the right one for you. Our extensive lender panel and expertise enable us to match you with a suitable mortgage.

How do we make sure you’re on the best mortgage deal?

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Your first mortgage in Grimsby is a significant financial commitment, likely the largest expense you’ll encounter. Our mortgage advisors in Grimsby prioritise finding the best deal with favourable interest rates while considering your financial situation.

We ensure your mortgage aligns with your needs and budget by evaluating your affordability, including your annual salary, other income sources, spending habits, credit history, and financial management.

Supporting documents such as payslips and bank statements from the last three months may be requested. Your deposit is important, affecting available mortgage deals.

While most lenders require a minimum 5% deposit, some have higher thresholds. A higher deposit often results in borrowing less and potentially secures better rates.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

In your free mortgage appointment, you'll have the opportunity to discuss your financial situation with one of our mortgage advisors in Grimsby. They'll carefully review your income and expenses to determine your eligibility for a mortgage.

We Can Search 1000s of Mortgage Deals

Step 2

Our advisors have access to thousands of mortgage deals tailored for first time buyers in Grimsby. After your appointment, we are able to secure your mortgage agreement in principle - a useful tool for making offers on properties.

Submit Your Mortgage Application

Step 3

Once your offer on a property is accepted, our dedicated mortgage advisors in Grimsby takes charge of submitting your mortgage application and ensuring all necessary documents are forwarded to the lender.

Protecting You and Your Mortgage

Step 4

Beyond finding the most suitable mortgage, our team is committed to helping you in obtaining comprehensive insurance coverage to provide financial security for you and your loved ones.

Reasons to Choose Us

Free Mortgage Appointment

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Trying to buy your first home in Grimsby, but finding it hard to make time for your mortgage? Our team of mortgage advisors at Grimsbymoneyman are here to help. We know that buying your first home can be overwhelming, so our team is available every day, from early morning to late at night, to guide you through the process.

1000s of Deals

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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!

Our Service

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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.

7 days a Week

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Our mortgage advisors 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.

Malcolm and Amy Davidson - Mortgage Advice in Grimsby

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Common First Time Buyer Mortgage Scenarios

How much can a first time buyer in Grimsby borrow?

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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 On a Mortgage in Grimsby

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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.

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.

You’ve Had an Offer Accepted on a Property in Grimsby

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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

Declined By Your Bank For a Mortgage in Grimsby

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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.

Mortgage Guides & 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

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