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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 feeling anxious or concerned. It’s understandable, the market has a lot of competition and the Estate Agents can put a lot of pressure on you to do things their way.

 

This is where we may be able to help you out. Our team of experienced Mortgage Advisors in Manchester will work patiently and effectively alongside you, to ensure your goals of transitioning into a First Time Homeowner can become a reality.

 

It’s our job to search through thousands of mortgage deals, to find the right mortgage based on your circumstances. Whether you’re buying by yourself, with a friend or partner, or are having mortgage problems, our dedicated Mortgage Advice team are usually able to help.

 

It’s always a good idea to have a Mortgage Agreement in Principle handy, for when you are ready to make an offer. Our team are able to help you out with this.

 

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 over 20 years of experience to our name, our team of dedicated Mortgage Advisors in Manchester have helped many First Time Buyers in Manchester onto the property ladder. We find that there is rarely a situation we come across that we haven’t encountered over our years in the mortgage industry. Below are some common First Time Buyer scenarios we hear from customers who get in touch 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 your best interests at heart! Our Mortgage Advice team in Manchester will do their best to make the process stress-free, keeping things clear and simple, and avoiding industry jargon that would otherwise make the process a little more difficult for you to follow.

 

If you would like someone to talk to the Estate Agent on your behalf, to make an offer, we can also do that for you. We can also look at sourcing conveyancing and solicitors’ quotes for you. It’s our job to help you along every step of your mortgage journey!

 

The last thing you need as a First-Time Buyer is to be stressed out, so 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
questions

Your free mortgage consultation in Manchester will last round about one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.

As your Mortgage Broker in Manchester, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Manchester. At the very latest you should obtain one prior to making an offer to assist your bargaining position. As your Mortgage Broker in Manchester, we can usually turn round an agreement in principle within 24 hours of your mortgage application.

An Agreement in Principle typically lasts for between 30 and 90 days depending on the lender used. If your Agreement in Principle expires it can always be refreshed.

It may be possible to get a second mortgage on your home in Manchester for things like debt consolidation or home improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

The minimum deposit when purchasing a house in Manchester with high street lenders is typically 5%. This can be higher if you have had previous credit problems.

If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price.

Once you have submitted at least one year’s accounts, you are able to get a mortgage in Manchester. Most lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for Self Employed. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average.

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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.

© 2020 Manchestermoneyman

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

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