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First Time Buyer Mortgage Advice in Grismby

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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:

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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

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 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.

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