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First-Time Buyer Mortgage Advice in Manchester

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If you’re buying a home as a First-Time Buyer in Manchester, the process may leave you feelings of anxiety, concern or uncertainty. It’s understandable, this is something completely new to you and even if you’ve done research, you can find that you don’t quite understand a lot of what is going on. On top of this, the market has a lot of competition and the Estate Agents can put a lot of pressure on you to do things their way.


It’s at this point in time where we may be able to help you out. We have on board a team of experienced mortgage advisors & administrators in Manchester who always do their best to work patiently and effectively alongside you, with a purpose of ensuring that your goals of transitioning into a First-Time Homeowner can become a reality and with as little issue as possible.


Our sincere and motivated team will search through thousands of mortgage deals, in order to find the right mortgage for you based on your personal circumstances. Whether you’re buying your first home completely by yourself, buying with a friend or your partner, or you have encountered some mortgage hurdles that require some attention, our dedicated mortgage advice team are usually able to help.


It’s always a good idea to have obtained a Mortgage Agreement in Principle handy ahead of time, as this often becomes very useful for when you are ready to make an offer. Our team are able to help you obtain this, typically getting it turned around and back to you within 24 hours.


Open & Honest Mortgage Advice in Manchester

Here at Manchestermoneyman, we will consider all kinds of mortgage situations. We will work hard and work smart, in order to try and get you over every hurdle to ensure you come out with an appropriate but favourable mortgage deal that is best suited to your personal mortgage circumstances.


We also offer all of our customers the option to have a Free Initial Mortgage Consultation. You can even visit our Contact Us page to discuss your mortgage options with one of our fast & friendly mortgage advisors in Manchester.


How does it work?Get a quote nowMeet your Mortgage Advisor

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

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Mortgage Advice in Manchester for First Time Buyers

With 20 years of mortgage and property market experience to our name, our trusted team of loyal and hardworking mortgage advisors in Manchester have helped many prospective First-Time Buyers in Manchester find their way onto the property ladder.


We find that there is rarely a situation we come across that we haven’t seen at some point in the past, over our years in the mortgage industry. Below we have listed some common First-Time Buyer scenarios we hear from customers who get in touch to speak with a mortgage broker in Manchester:


  • Thinking of buying a home soon and wondering how much you may be able to borrow/what your repayments could be?
  • Do you want to start your mortgage application as you’ve had an offer accepted?
  • Need some help in making an offer on a property you like?
  • Facing some challenges with your journey and need some assistance from a mortgage advisor in Manchester?


Get in touch with us to book your free mortgage consultation with a mortgage advisor in Manchester.

Why choose us for First Time Buyer Mortgage Advice in Manchester?

As a trusted mortgage broker in Manchester, we pride ourselves on providing our customers with loyalty and a top level of customer service. This means no ties to Banks, Building Societies or Estate Agents.


Here at Manchestermoneyman, we only have the best interests of all our customers at heart! Our mortgage advice team in Manchester will do their best to make the process as stress-free as we possibly can, keeping everything clear and simple, and avoiding industry jargon that would otherwise make the process a little more confusing and complicated to follow.


If you would like someone to have a conversation with the Estate Agent on your behalf, to make an offer, this is something that our team of mortgage advisors are also able to do for you. We are able to look at sourcing conveyancing and solicitors’ quotes for you. As a trusted and dedicated mortgage broker in Manchester, it is our job to help you through every step of the mortgage process.


As a First-Time Buyer, the last thing you need is to find yourself feeling stressed out, especially when everything is already complex and alien. With that in mind, our team are always on hand to reassure you when things get overwhelming.


Get in touch with a mortgage advisor in Manchester to book your free mortgage consultation.

What our customers say

Common mortgage

Your free initial mortgage consultation in Manchester will last roughly one hour. A dedicated advisor will then recommend a mortgage for you, with no obligation to accept and go forward and proceed with the mortgage in question, if you decide that it is not for you.

As trusted Mortgage Advice professionals in Manchester, we will carry out a Fact Find to establish your personal needs before we go ahead with recommending the most suitable mortgage for your situation. From there you will be credit checked, which is a requirement to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can be issued a formal mortgage offer.

We recommend you obtain an Agreement in Principle prior to property viewings in Manchester, in order to avoid potential disappointment. At the very latest we would suggest that you obtain one before you make any offers, to put you in a better bargaining position. As a dedicated Mortgage Broker in Manchester, we are typically able to obtain an agreement in principle within 24 hours.

Generally speaking, an Agreement in Principle will last for between 30 and 90 days, depending on the lender that is used. If your Agreement in Principle expires before you can make use of it, it can be easily refreshed by speaking to your advisor.

If you’re looking to achieve something like debt consolidation or home improvements, you may be able to place a second mortgage on your home. If you’re looking to use it for yourself, a family member, a holiday home or a Buy to Let, a second mortgage on that property may also be an option.

A high street lender will typically require you to put down at least 5% of the property purchase price for your deposit. If you have had credit problems in the past, this may be higher.

If you have struggled with credit problems in the past, you may still be eligible for a mortgage, though a lender may possibly require you to put down a higher deposit than expected. This can be something like 15% of the property purchase price.

Submitting at least one year’s accounts moves you along the process, allowing for you to potentially obtain a mortgage in Manchester. Most lenders will utilise your salary plus dividend to calculate the maximum mortgage amount you are eligible to borrow, whereas some other lenders will go off your net profit.

In order for an employee to prove their income, it’s usually 3 payslips and the last 2 years’ accounts if you are self-employed. You will also need to provide some proof of ID, address and the last 3 months’ bank statements.

The free initial mortgage consultation that we offer generally lasts up to around an hour. We are then able to turn around an agreement in principle within 24 hours of that appointment. A formal mortgage offer takes, on average, somewhere around three weeks.



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

Obtain an Agreement in Principle to support any future offers you wish to make. Now the fun starts, 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.

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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 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.

© 2021 Manchestermoneyman

Manchestermoneyman, 3 Piccadilly Place, Manchester, M1 3BN.

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