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Manchester is a brilliant place to buy your first home, and there are mortgage options out there that can help you get onto the property ladder.
These mortgages are designed for people who’ve never owned a home before, often with lower deposit requirements or more flexible terms.
Whether you’re thinking about buying a property, there are plenty of options to suit different budgets and lifestyles.
As a mortgage broker in Manchester, we’ve helped lots of first time buyers in Manchester take their first step.
If you’re unsure where to begin, our 10 step guide to buying a home is a great place to start.
It walks you through the process clearly, from sorting your mortgage to getting the keys.
If you’re a first time buyer in Manchester, one of the first steps is getting a Mortgage in Principle, also known as an Agreement or Decision in Principle.
This document shows how much a lender might be willing to offer you based on your current finances.
It is not a full mortgage offer, it’s an indication of how much a lender might be willing to lend, but not a guarantee of a mortgage.
We offer mortgage advice in Manchester and can help you secure an Agreement in Principle, often within 24 hours.
Many lenders normally use a soft credit checks at this stage, so it usually won’t affect your credit score either.
As a first time buyer in Manchester, you’ll usually need a minimum deposit of 5% of the property’s value.
So, if you’re looking at a home worth £250,000, you’d need at least £12,500 saved up to get started.
While 5% is the standard starting point, saving more can often give you access to better mortgage deals.
A larger deposit could mean lower monthly payments or more flexibility with your mortgage options.
If you’re not sure how much you’ll need, our mortgage advisors in Manchester can work it out with you.
We’ll look at your budget, explain what lenders are likely to offer, and help you prepare for the costs involved.
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4.96 Rating461 Reviews
Kadiatu
The team were very professional and helpful, everything went smoothly. It was less stressful for me
1 month ago
Portia
Very good efficient service
1 month ago
Paul
This is our second time using Manchester Moneyman. Daniel and Kerry have been amazing throughout the process. We had issues with the solicitors which Kerry helped resolve without even being asked. Thank you for everything and would not hesitate...
2 months ago
Anonymous
Very straightforward and clear, they made everything so simple for my first mortgage and the renewal was even easier.
3 months ago
Gary
This team is fantastic! They handle everything, making the whole process incredibly easy and hassle-free. I highly recommend them!
3 months ago
Michelle
I would high recommend this service they were amazing, and very professional. They were helpful throughout the whole process.
4 months ago
Michelle
Amazing service, extremely helpful and professional. Would highly recommend. Very happy with the service
4 months ago
Mrs Vanessa
Brillant. Helped us with non-standard employment conditions and were very efficient at getting everything sorted. Also very easy to get hold of. We always use a paid broker, their fee is very reasonable for the efficiency and personal service you...
4 months ago
Matthew
Can not speak highly enough of the people I have spoken to and the service I have received from the team. Charlie and Debbie are a credit. None patronising, easy to speak to, welcoming and very helpful. Will continue to recommend to friends.
4 months ago
Ruth
Excellent experience with Matt and Stacey from UK moneyman. As first time buyers they made this experience easy and stress free. I'd really recommend using UK moneyman! 10/10!
4 months ago
Christopher
Brilliant service. Knowledgeable & very professional.
4 months ago
Mrs Claire
Very helpful got us a mortgage a lot sooner than we expected. Very happy
5 months ago
john
Louise was absolutely outstanding !!! We had a few issues with the property we were purchasing and Louise was so helpful in getting us the answers we required from the lender within a timely manner. I spoke with Louise regularly and she was...
5 months ago
Jiri
Leo from Manchester Moneyman was very helpful and efficient in securing us a mortgage on much better terms than our bank could offer. Thank you!
7 months ago
Olusola
The process has been stress free from the start to the end. The team has been helpful. I will definitely recommend Manchester Moneyman to people.
7 months ago
John
We've used UK Moneyman for two house purchases and remortgaging our current home. The team are unfailingly professional and lovely to work with. I'd recommend them to anyone in need of an excellent mortgage broker.
8 months ago
Alanya-Lee
As first time buyers, we needed all the support and guidance we could get. Tom was fabulous, honest and genuinely had our best interest at heart. He answered all of my silly questions and was always a phone call away.
8 months ago
Chiara
Worked with Malcolm and Debbie! Couldn’t recommend them enough. Thankyou for all your help!
8 months ago
Marco
Leo went above and beyond to provide all the information and assistance I needed to secure my dream property. Very friendly and professional. Highly recommended!
9 months ago
Stephanie
Originally took mortgage out 5 years ago and have just re-mortgaged with them. As this was a product transfer and I was a returning customer this was a no charge for this service. Can’t ask for better than that. All paperwork done by them and I...
9 months ago
Yes, it’s still possible. Some lenders are open to working with buyers who’ve had credit issues in the past, especially if things have improved more recently.
If you’ve missed payments or had defaults before, that doesn’t automatically rule you out.
Your deposit size, income and how well you’ve managed your money lately can all help strengthen your application.
As a first time buyer in Manchester, we’ll take a closer look at your full situation and find the lenders who are more likely to say yes.
This depends on how much you earn and what your monthly expenses look like.
Most lenders will offer somewhere between four and four and a half times your annual income.
If you’re buying with someone else, their income will also be taken into account.
Your monthly spending, existing financial commitments and credit history all play a part.
As your mortgage advisor in Manchester, we’ll let you know what you could realistically borrow before you start viewing homes.
It’s not essential, but it can make things a lot easier. As a mortgage broker in Manchester, we more than just search for deals.
We compare mortgage options from a wide range of lenders, including some you can’t access directly.
As a first time buyer in Manchester, having someone to explain everything clearly and take care of the paperwork can really help.
We’ll guide you through the whole journey and speak to the lender on your behalf.
Once you’ve had an offer accepted on a property, it usually takes around four to six weeks to get your mortgage sorted.
This includes getting your documents approved and the lender arranging a valuation.
If your paperwork is ready and your case is straightforward, it can sometimes move more quickly.
We’ll keep in touch with the lender throughout and let you know as soon as your mortgage offer is ready.
Yes, there are still some support schemes available.
Shared Ownership lets you buy a percentage of a home and pay rent on the rest, which can make things more affordable.
You might also be eligible for the First Homes scheme, which offers discounts on certain new build properties to first time buyers in Manchester.
We’ll look at what’s available and let you know if anything suits your situation.
Alongside your deposit, there are a few other things you’ll need to cover.
This includes legal fees for your solicitor or conveyancer, the cost of a property survey and possibly a mortgage arrangement fee depending on the lender.
We’ll walk you through everything so you know what to expect and can plan your budget with confidence.
Yes, they usually will. Most lenders ask to see at least the last three months of statements to get a clear picture of your spending habits.
They’ll check that your income matches what you’ve declared and that you’re managing your money responsibly.
If you’re unsure how things might look from the lender’s point of view, we can talk you through it.
Yes, this is quite common for a first time buyer in Manchester.
If a family member is helping you out, most lenders will accept this as long as it’s a genuine gift and not expected to be paid back.
They’ll usually need a letter to confirm the money is a gift and proof of where it came from.
We’ll handle all the paperwork so there are no delays.
Yes, and many first time buyers in Manchester choose to buy jointly.
Lenders will combine your incomes when working out how much you can borrow.
It’s important to understand that you’ll both be responsible for the repayments.
We’ll explain how joint applications work and help you decide on the best way to structure it.
One of our mortgage advisors in Manchester will talk you through your options and help you understand how much you could borrow.
If you’re ready, we’ll arrange your Agreement in Principle so you can start looking at properties with confidence.
Once you’ve got your Agreement in Principle in place, you’ll have a clear idea of your budget.
Whether you’re just starting to look or you’ve already found a home you love, we’ll be ready to move things forward with you.
We search a wide range of mortgage products to find something that fits your situation.
Everything will be explained clearly and in plain terms.
Once you’re happy, we’ll submit your application to the most suitable lender and keep you updated along the way.
Once your mortgage is in place, we’ll talk to you about protecting what matters most.
From life insurance to income protection, we’ll explain how these options work and why they’re worth considering.
It’s about making sure you and your home are covered, whatever life throws your way.
It won’t cost you anything to speak to us.
You can book a free mortgage appointment and get advice from one of our experienced mortgage advisors in Manchester.
Whether you’re just starting out or ready to move forward, we’ll guide you through the process with clear, friendly advice tailored to your situation.
We work with a wide panel of lenders, which means we can search through thousands of mortgage products to find one that suits you.
From high street banks to more specialist options, we’ll find a deal that fits your budget, lifestyle and plans for the future.
We’re proud of the service we give to every customer.
Our reviews speak for themselves, with many first time buyers in Manchester recommending us for how easy and supportive the process felt.
We’re here to keep things simple, answer your questions and make sure you feel looked after from start to finish.
Life doesn’t stop for mortgage applications.
That’s why we’re available every day of the week, including evenings and weekends.
Whether you need to speak to someone after work or fit an appointment in around your schedule, we’ll work around you.
Your journey starts with a free appointment with one of our mortgage advisors in Manchester.
This is a chance for us to learn about you, what kind of home you are looking for and how soon you would like to move.
You can ask any questions and we will explain the whole process in simple terms.
There is no pressure and no obligation, just straightforward advice from people who understand the local market.
Before you start viewing properties, it helps to understand how much you can comfortably borrow.
We will look at your income, spending and any financial commitments to work out what is affordable for you.
This gives you a clear budget to work with and helps avoid any surprises later on.
It also allows us to spot any potential issues and get ahead of them early.
Once we have reviewed your finances, we will apply for your Agreement in Principle.
This is a document from a lender that shows how much they would be willing to lend based on your current circumstances.
It is not a full mortgage offer but it strengthens your position with estate agents and sellers.
Most Agreements in Principle can be arranged quickly and involve a soft credit check.
You will need a solicitor or conveyancer to handle the legal part of the purchase.
If you already have someone in mind that is great. If not, we can suggest experienced professionals we have worked with before.
Your solicitor will handle contracts, searches and all the legal steps needed to transfer ownership of the property to you.
When you find a home you love, it is time to make an offer.
Having your Agreement in Principle already in place puts you in a much stronger position with sellers.
We will guide you on how to approach the offer, what to say to the estate agent and how to respond if there is any negotiation involved.
Once your offer is accepted, we move forward to the next stage.
We will help you get everything ready for your full mortgage application.
This usually includes payslips, bank statements, proof of identity and address history.
We will give you a clear checklist so nothing is missed and make sure all your documents are in the right format for your chosen lender.
Being well prepared helps avoid unnecessary delays.
With your documents ready and your offer accepted, we will submit your mortgage application.
We will handle the paperwork and speak to the lender on your behalf.
We will also keep your solicitor in the loop to make sure everything is progressing.
Throughout this stage we will keep you updated and answer any questions that come up.
The lender will now arrange a survey or valuation of the property.
This is usually a basic check to confirm the home is worth what you are paying. You can also choose a more detailed survey if you want extra reassurance.
This is a good opportunity to check the condition of the home and highlight anything that might need attention before moving forward.
Once the lender is happy with everything, they will issue a formal mortgage offer.
This confirms the amount they are willing to lend and the terms of the loan.
A copy will go to your solicitor who will now begin the final steps to prepare for completion.
We will explain the offer in full so you understand exactly what has been agreed.
This is the final stage. Your solicitor will finalise the legal work, transfer the funds and confirm your completion date.
Once everything is complete, you will get the keys to your new home.
If you need help arranging protection or insurance before you move in, we are here to support you with that as well.
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Manchestermoneyman.com & Manchestermoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Manchestermoneyman 2025.
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Manchestermoneyman.com & Manchestermoneyman 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: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Manchestermoneyman 2025.
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