The home buying process can be exciting, however, as a first time buyer in Manchester, this unfamiliar experience can be daunting. Here at Manchestermoneyman, this is something we understand. This is why we have a fantastic mortgage advice team who strive in providing a supportive and stress-free service.
Through our experience as a mortgage broker in Manchester, we have a brilliant reputation helping many first time buyers in Manchester fulfil their mortgage dreams. We have a team of skilled mortgage advisors and administrators in Manchester who are dedicated to working with you patiently and efficiently, striving to achieve the best possible results.
Our aim is to make the process of transitioning into a first-time homeowner as smooth and hassle-free as possible, so that you can achieve your goals without unnecessary stress. Our team is dedicated to providing comprehensive support throughout the journey, and we’re always available to address any questions or concerns that may arise along the way. You can count on us to guide you through every step of the process and help you achieve your dream of owning your first home.
In the case that you are unsure of your eligibility and are looking to take out a mortgage to purchase your first home, get in touch with one of our mortgage advisors in Manchester.
In the mortgage application process, the lender will look at your affordability. Factors such as your annual salary and additional income you have will play a part as well as outgoings and credit history. All of these are taken into account when it comes to the amount you can borrow for a mortgage. Lenders carry this out to build up a financial background of you and establish whether you will manage your finances responsibly.
The amount of deposit you have will further affect on the mortgages available to you.
Utilising our extensive experience and vast knowledge, we will recommend the most appropriate mortgage for you.
The process can sometimes come with its mortgage hurdles. Our mortgage advice team will work hard in helping you overcome these.
It’s always best to get a Mortgage Agreement in Principle to hand ahead of time, as this is a very handy tool when you are ready to make an offer. Here at Manchestermoneyman, we can usually sort this out for you within 24 hours of attending your free mortgage appointment.
The amount of deposit you’ll need for a mortgage in Manchester can vary depending on the lender and the type of mortgage you choose. Generally, first time buyers in Manchester typically aim for a deposit of at least 5% to 20% of the property’s purchase price. However, keep in mind that a larger deposit can lead to more favorable mortgage rates and lower monthly payments.
It’s advisable to consult with a mortgage advisor in Manchester who can assess your financial situation and help you determine the right deposit amount for your specific circumstances.
Presently, the government has implemented several initiatives to assist individuals in becoming First Time Buyers in Manchester and owning property. These initiatives comprise of Help to Buy schemes, Lifetime ISAs, and the Right to Buy Scheme. For additional details on these initiatives, kindly visit the guides section on our website.
Our mortgage advisors in Manchester possess knowledge about all the latest government initiatives and will be able to provide you with answers to any inquiries you may have concerning them.
As a first time buyer in Manchester, you have access to various mortgage options tailored to your needs. These include:
Fixed-Rate Mortgages: These mortgages offer a fixed interest rate for a set period, typically 2, 3, 5, or 10 years. They provide stability in your monthly repayments.
Tracker Mortgages: Tracker mortgages have an interest rate that moves in line with the Bank of England base rate. Your repayments can go up or down based on this rate.
Repayment and Interest-Only Mortgages: You can choose between repayment mortgages, where you pay back both the principal and interest, or interest-only mortgages, where you only pay the interest during the term.
It’s crucial to consult with a mortgage broker in Manchester who can assess your financial situation and help you select the most suitable first time buyer mortgage option. They can also assist you in finding suitable mortgage deals available in the market.
Remember that mortgage availability and terms can change, so it’s essential to stay updated and seek mortgage advice in Manchester when making important financial decisions.
At Manchestermoneyman, we take into account various mortgage scenarios and strive to overcome any obstacles so that you can obtain the most suitable and advantageous mortgage deal for your specific circumstances.
Moreover, we provide a free initial mortgage consultation option for all our clients. Contact us today to talk about your mortgage possibilities with one of our quick and amicable mortgage advisors in Manchester.
Throughout our many years of service, our team at Manchestermoneyman has had the privilege of helping many First Time Buyers in Manchester achieve their dream of becoming homeowners. Our extensive experience in providing open and honest mortgage advice in Manchester and surrounding areas has been invaluable in guiding our clients through the complexities of the mortgage process and helping them find the best mortgage deals to suit their specific circumstances.
As a reputable mortgage broker in Manchester, we take pride in our expertise in assisting First Time Buyers in Manchester and regularly face various scenarios when interacting with them. We have gathered a list of popular First Time Buyer scenarios to help us better understand their needs and requirements.
Our Customers Love Us
4.96 Rating417 Reviews
Charlie has been amazing along with Lizzi. I can not thank them enough for their support and professionalism. We highly recommend Manchestermoneyman for all their deliverables. Once again - A big thank you.
1 week ago
Jason and lizzi and Megan and team all are amazing people. Really helpful to get work done. Definitely highly recommend.
1 week ago
Jason was very helpful and quick at replying to emails! We’d recommend using the service to any first time buyers.
1 week ago
Loved how Jason, Megan and Lizzi helped us with the the mortgage. It was seemless :). Truly recommend them.
2 weeks ago
Both Meghan and Tom have been extremely helpful and responsive
3 weeks ago
Exceptional service. Very appreciative of their work and the outcome!
4 weeks ago
This was the second time I used Manchestermoneyman to arrange my mortgage and my husband and I had an exceptional experience the second time around as well. Daniel listened carefully to our situation, made balanced recommendations and made the whole...
1 month ago
Could not fault the service we received from Manchestermoneyman. Our mortgage adviser, Chris was fantastic. Extremely helpful, patient and always free to pick up the phone or answer your email. Will be recommending to friends in future.
1 month ago
A fantastic company and great staff, Leo is always only a phone call away and keeps me in the loop with everything. He really goes out of his way to get the best offers and talks me through all the processes clearly and kindly. As a first time buyer...
2 months ago
From start to finish the whole process went very smoothly and Chris who I dealt with was very helpful and explained things through really well! I would definitely recommend them to my friends and family
2 months ago
I’m 💯 going to recommend these guys. Chris was extremely lovely to deal with. No stress. They had me prepare all my documents before it was sent over to the vendor, my mortgage offer was accepted in less than a week. Nice one guys
2 months ago
Leo and Lyndsey have been incredibly helpful and informative from the very first conversation with each of them. They are always on hand and readily available whenever needed. UK Moneyman made this process so quick and simple! Huge thank you to both...
3 months ago
Friendly, professional & very easy to deal with. Definitely recommend
3 months ago
As first time buyers this was The first mortgage broker I came across online. I was intending on finding more brokers to see what information I could acquire when buying a home. After the first consultation with Chris, I decided to use UKMoneyMan as...
3 months ago
Charlie has been a massive help with the process! We basically knew next to nothing about buying a house, but Charlie answered all of our questions & helped us out massively!
4 months ago
Had spoken with Wayne after he helped my brother through the house buying and mortgage process a year or two earlier. He couldn't have been more helpful over the year or so it took me to find a property as I fought to find something against rising...
5 months ago
The team have been very helpful and great with communication. Would highly recommend.
5 months ago
Manchestermoneyman have been fantastic throughout my mortgage process, both Malcolm for calmly and professionally walking me through my options at a difficult time, and Paula for being warm and communicative during the process. I would definitely...
5 months ago
Perfect service and cannot fault anything, Chris and Meghan have been top class on my application and have recommended to my family & friends!
5 months ago
Money man was super helpful, always replies and keeps you in the loop of the process. The staff are really nice and genuine not overly business oriented and pushy to go through them for everything.
5 months ago
During your free mortgage appointment, you will get chance to speak with our expert mortgage advisor in Manchester, they will conduct a thorough assessment of your income and expenses.
Our team of experts can search 1000’s of deals tailored for first time buyers in Manchester. This will set you on the right path towards becoming a homeowner.
Following your consultation, we will promptly secure your mortgage agreement in principle (AIP), usually within 24 hours, a handy tool to have when making any offers on a property.
Once your offer on a property is accepted, our dedicated mortgage advisor in Manchester will take care of submitting your mortgage application and forward any additional documentation required by the lender.
In addition to finding the most suitable mortgage deal for first time buyers in Manchester, our team is devoted to helping you obtain comprehensive insurance coverage to safeguard you and your loved ones financially.
Get in touch, and we’ll get you booked in for your free mortgage appointment with one of our incredible advisors today.
All our customers are offered a free mortgage appointment that will take place via telephone or through a Microsoft Teams call.
In order to find you the perfect deal, we will search through 1000’s of mortgage deals. Being a first time buyer in Manchester, our goal is to ensure you are on the most appropriate deal for your circumstance. It’s not about finding you the perfect mortgage, our team are here to support you throughout the full process. As well as, we offer additional insurance products to make sure you are financially protected in an unexpected event.
We have a fantastic team of mortgage advisors in Manchester who have years of experience and knowledge from helping a plethora of first time buyers in Manchester on their journey to homeownership by providing them with a supportive and tailored service.
Every day of the week from early until late at night, our advisors provide the trusted mortgage advice you need and are just a phone call away at a time that is convenient for you.
We treat every case as an isolated one making sure you are provided with the most fitting advice for your situation. As well as this, we strive in making the service as stress free as possible.
It is understandable that many first-time buyers want to know the maximum amount they can borrow for a mortgage, as it can give them a better idea of their budget and the properties they can afford.
While a mortgage calculator can provide a rough estimate of how much you could borrow based on your financial situation, it is important to keep in mind that this may not be an accurate reflection of your personal situation. The amount you can actually borrow may depend on a range of factors, including your credit score, income, and expenses, as well as the specific lender’s criteria and the type of mortgage you’re applying for.
Therefore, it’s always a good idea to speak with a qualified Mortgage Advisor in Manchester to get a better understanding of how much you can borrow based on your personal situation. They can assess your individual circumstances and provide you with a more accurate estimate of how much you can borrow, as well as help you to find the best mortgage deal for your needs.
One of the advantages of utilizing our services as a Mortgage Broker in Manchester is that our team of mortgage advisors will provide you with ongoing support and guidance throughout the entire process, which can be highly beneficial.
Here at Manchestermoneyman, our expert team can help you obtain your mortgage agreement in principle on your behalf. Generally, we can get this sorted for you within 24 hours of your initial appointment. Keep in mind, that having an agreement in principle doesn’t automatically guarantee you a mortgage. It does, however, show the seller that you are ready and can proceed.
In summary, by using our services for Mortgage Advice in Manchester, you can benefit from our team’s expertise and guidance, which includes helping you obtain an AIP that can put you in a stronger position when making an offer on a property as a first-time buyer.
Prior to starting to make offers, we do strongly recommend getting in touch with an expert mortgage advisor in Manchester initially. When you get an offer accepted on the home, we can proceed with your mortgage application.
With the assistance of a mortgage advisor in Manchester, you will be able to find out if you are eligible for a mortgage, and get your AIP sorted so that you, the homebuyer, can back up any offers you put down.
As mentioned previously, making an offer with an agreement in principle on hand is very beneficial in the homebuying journey. Here at Manchestermoneyman, our team can generally get your mortgage agreement in principle sorted within 24 hours of your mortgage appointment.
Through our experience, we find that many people seek open and honest mortgage advice in Manchester after approaching a bank and being declined for a mortgage. There can be a variety of reasons why a bank may decline your mortgage application and it’s our job to find this out for you.
Our goal as an expert mortgage broker in Manchester is to explore a range of options in the hopes of finding you the one that is fitting for your personal and financial situation. As well as this, we have access to a large panel of lenders who offer specialist products.
Here at Manchestermoneyman, our team are available 7 days a week to provide updates on your process as well as answer any of your mortgage questions, which can be a massive benefit for first time buyer in Manchester. Contact us today and take advantage of the free mortgage appointment we offer to all our customers.