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The process of buying your own home is likely to be one of the biggest financial commitments you will ever make in your lifetime.
As a first time buyer in Nottingham, it can be an overwhelming experience.
As a trusted mortgage broker in Nottingham, we understand the importance of making the process less intimidating, reducing your stress levels and guiding you through the entire journey.
Our goal is not simply to find you a mortgage but to work alongside you throughout your home buying journey, helping you create lifelong memories in your new home.
We work hard to make sure that we simplify the process, avoiding jargon and ensuring that you are informed every step of the way.
From the initial stages of your mortgage process, to completion and beyond, your dedicated mortgage advisor in Nottingham will be by your side.
We pride ourselves on providing a supportive and reassuring presence, ensuring that you have all the information and mortgage advice in Nottingham that is necessary to make informed decisions throughout the home buying process.
When it comes to buying a home, typically speaking, one of the most challenging aspects of the process for first time buyers in Nottingham, is saving up for the deposit.
The minimum deposit required is usually around 5-10% of the purchase price, but this can vary depending on your credit score.
For many younger first time buyers in Nottingham, the lack of credit history can be a challenge. As an experienced mortgage broker in Nottingham, we understand many of the different challenges that first time buyers in Nottingham face.
We have found that if a first time buyer in Nottingham does have a good credit score, they may be able to access a higher loan-to-value mortgage, such as a 90-95% mortgage.
That being said, if a first time buyer in Nottingham does have a lower credit score, they may only have access to lower loan-to-values, which means they will need to put down a larger deposit, often upwards of 15%. This is to reduce a mortgage lenders risk when lending.
The amount of deposit you need will also depend on the purchase price of the property. Your mortgage will be a percentage of the purchase price, so the higher the purchase price, the larger the deposit you will need to put down.
Our dedicated mortgage advisors in Nottingham can help you understand the deposit requirements and work with you to find the best mortgage options based on your financial situation.
We aim to make the process as clear and straightforward as possible, so you can focus on finding your dream home.
If you find that you are unable to meet the minimum requirement for a deposit on a property, do not worry!
There are a selection of different government mortgage schemes that first time buyers in Nottingham could find useful, such as the Shared Ownership Scheme, First Home Scheme, Right to Buy Scheme and more.
All of these will of course require you to meet the criteria before you will be able to use them.
To learn more about the criteria for each of these or to find out more about other mortgage schemes that might be available, we would recommend visiting the government OwnYourHome website.
Alternatively, you can speak to a trusted mortgage advisor in Nottingham, who will run through these with you.
To receive any further first time buyer mortgage advice in Nottingham, book your free mortgage appointment today.
Our fast & friendly team are here from early until late, every day of the week to run through your case and help you apply for a mortgage.
The mortgage process doesn’t need to be difficult! Let us help you become the owner of your very first home.
As a company, we have helped thousands of first time buyers in Nottingham in achieving their dream of owning a home.
With a combined experience of over 100 years in the mortgage industry, our expert mortgage advisors in Nottingham have dealt with almost every type of mortgage scenario you can think of.
As a result, we possess the expertise and knowledge to help you succeed in your home buying journey. That said, there may be times where we come across a situation that is new to us.
Even in such cases, we are committed to working hard to overcome any obstacles and find a solution that meets your mortgage needs.
Our goal is to ensure that you have a smooth and stress-free experience as a first time buyer in Nottingham.
Here are some of the frequent mortgage scenarios that we have seen from first time buyers in Nottingham, as a mortgage broker in Nottingham.
If you’re unsure about how much you could borrow for a mortgage, our team of experienced mortgage advisors in Nottingham are here to help.
The amount you’re eligible to borrow can depend on a range of factors, including your income and earnings, making it difficult to calculate the amount you are able to borrow, without the help of a professional.
To help you determine an accurate figure, we offer free mortgage appointments where a dedicated mortgage advisor in Nottingham will use an affordability calculator to provide you with an estimate of your borrowing capacity.
This calculator takes into account various financial factors to provide you with a personalised borrowing amount tailored to your both your personal and financial circumstances.
By booking a free mortgage appointment with us, you can gain a better understanding of the mortgage options available to you, and get one step closer to achieving your dream of owning a home.
Congratulations on finding a property that you are interested in and ready to make an offer on!
The next step in the process is to secure the financing for your dream home. We understand that this can be quite an intimidating task, but our team is here to help simplify the process for you.
Booking a free mortgage appointment with one of our trusted mortgage advisors in Nottingham is easy and convenient with our simple online booking feature.
Once you have selected a time that works for you, your trusted and dedicated mortgage advisor in Nottingham will take you through the process step by step and help you find the best mortgage option for your unique situation.
Let us help make your dream of homeownership a reality by booking a free mortgage appointment with us today!
Once your offer has been accepted, it’s crucial to start the mortgage process as soon as possible. This is where our fast and friendly mortgage advice team comes in, to help you navigate the process smoothly and efficiently.
With over two decades of experience in helping first time buyers in Nottingham get onto the property ladder, we understand the importance of a quick and hassle-free mortgage process.
Our team of dedicated mortgage experts can guide you through the entire process, from finding the right mortgage deal to completing the application.
By working with us, you can benefit from our extensive knowledge of the mortgage industry and access to a wide range of mortgage lenders.
We’ll help you find the best mortgage deal for your unique circumstances, and work tirelessly to ensure a speedy and stress-free process.
An agreement in principle, or AIP for short, is an essential document to have for your mortgage application. It can greatly simplify and speed up the mortgage process.
An AIP serves as proof to the seller of the property that you are a serious buyer with a mortgage lender, willing to proceed with the purchase of the property in question.
With this document, you can demonstrate that you are ready to move forward with the purchase and have the financial backing to do so.
To obtain an agreement in principle, you will need to provide supporting documentation to your mortgage lender, such as proof of income and identification.
Our experienced team of mortgage advisors can guide you through this process and ensure that your application is as smooth and efficient as possible.
Typically speaking, we are able to obtain an agreement in principle for our customers, within 24 hours of their initial mortgage appointment.
With an AIP in hand, you can confidently move forward with your property purchase.
Navigating the mortgage process on your own can be a daunting task, but you don’t have to do it alone.
Seeking the guidance of a professional mortgage broker in Nottingham can be a true lifesaver. Our team of experienced mortgage advisors in Nottingham are here to help you every step of the way.
There’s no shame in asking for help, and that’s exactly what we’re here for. Our team can offer expert mortgage advice in Nottingham and support in helping you to navigate the complex world of mortgages.
To get started, simply book a free mortgage appointment with one of our trusted mortgage advisors in Nottingham.
We’ll take the time to understand your unique needs and circumstances and work with you to find the right mortgage solution.
There are numerous reasons as to why someone may choose to get in touch with a mortgage broker in Nottingham, such as ourselves here at Nottinghammoneyman, rather than going directly to either a bank or building society.
It is our job here, to provide all of our customers with fast and friendly mortgage advice in Nottingham.
A trusted mortgage advisor in Nottingham will take a look at your case and look to find you the most suitable mortgage deal for your circumstances.
Book yourself in for a free mortgage appointment using our online booking feature today. Getting a mortgage appointment with a mortgage expert has never been easier!
We are open for business 7-days a week, from early on in the day until late at night, including weekends and some bank holidays!
This means that you are able to speak with a dedicated mortgage advisor in Nottingham at times that work around your schedule.
We are also open beyond the typical 9-5, meaning you can get an evening appointment if that suits you best, subject to availability.
Our amazing customer reviews are a great representation of our service. We have built up a large collection of customer reviews over the years.
Feel free to take a look and see why so many choose Nottinghammoneyman for mortgage advice in Nottingham.
As an open & honest mortgage broker in Nottingham, we pride ourselves on the customer service levels we provide. We want to make sure that you are safe and secure throughout your mortgage journey.
As a mortgage broker in Nottingham, we have the ability to access various unique and competitive mortgage products.
With a vast panel of mortgage lenders and a great relationship with each of them, we may be able to find the perfect mortgage deal for you!
4.95 Rating277 Reviews
Amy
Daniel was my mortgage advisor and he was excellent, friendly, efficient and honest in what was available to me in the current climate. Will continue to use Nottingham Moneyman for my remortgages.
Molly
Really happy with the care and support we received throughout our mortgage application! Communication was easy & response time was fast - thank you!
Emily
Leo and Jo were really great in getting us a mortgage. We’re both first time buyers and really didn’t understand the process, Leo made it very easy. He answered my calls every time without fail and held my hand through the process....
Saira
Matt Collinson and Lyndsey Smith have been exemplary. The entire service has been exceptional. Matt is unbelievably helpful and knowledgeable. The team communicate efficiently and regularly. They are patient with queries and concerns. Hugely...
Anne
We are really pleased with the advice and support we received from Matt Collinson at UK moneyman. From start to finish he was very friendly, honest, knowledgeable and very contactable throughout. When faced with a bit of a turbulent market he...
Shaun
Understood the issues, and explained the various options making it easy to decide. All done promptly too. Perfect.
Akbar
Excellent, helpful and friendly service. I have recommended to various others already.
Shawn
Excellent service helped me from start to finish with buying my property with great advice and communication throughout thanks Malcom and the team
Anonymous
Very helpful throughout the process of securing a mortgage. Happy to talk through different options and offered explanations when requested
Jacqueline
Matt Collinson and Chloe dealt with our mortgage application. Excellent service. Working late and weekends when time is of the essence.
Andrew
Fantastic service by Charlie and Lyndsey, very knowledgable and professional and helped my wife and I secure a great mortgage deal. We will definitely be using their services again in the future and I would highly recommend!
Grace
Dinah Harros and Anna Braithwaite were outstanding! No question was too silly, really informative and easy to get a hold of - thank you both so much for helping us get life insurance and a mortage for our first home.
Sean
Brilliant service, Ryan and Lyndsey have been fantastic and couldn’t do enough for us and always in touch. Finally we have our dream home! Thank you so much Lauren & Sean x
Anonymous
Absolutely outstanding service from everyone involved. Brilliant communication throughout and everything went through pain free. Already recommended to friends.
James
Excellent service from Wayne and the admin team. Can highly recommend
Nissa
Presented different options, clear advice. And obtained a fairly good deal for us. Would recommend
Robert
Absolutely brilliant service from Ryan and Jo. Would definitely use again and recommend. Fantastic
Patricia
Tom Dent was brilliant with advice and he was very professional in the way he handled the matter. He was very reassuring all the time making sure that I did not worry about anything and didn’t lose hope even when things looked like the outcome...
Laura
Wayne was lovely and I didn't feel rushed at all during the phone calls we had. No issues with the process at all. Would highly recommend
Sarah
This is 3rd time we have used moneyman and we will definitely be using them again in the future! Really helpful with the full remortgage process.
Your free mortgage consultation with us will last around an hour. During this consultation, your dedicated Mortgage Advisor in Nottingham will get to learn a bit more about your personal and financial situation.
Once your consultation is finished, your Mortgage Advisor in Nottingham will go away and try and find you a perfect mortgage deal tailored to your circumstances. If you love the mortgage offer that they’ve picked out and want to continue, the next step is to submit your mortgage application!
Our mortgage process consists of multiple different steps: 1. Once you get in touch, we will have you carry out our Fact Find so that we can get a bigger picture of your mortgage situation. 2. You’ll undergo your free mortgage consultation, then your dedicated Mortgage Advisor in Nottingham will begin searching for mortgage deals that are tailored to your circumstances. If we find you an offer that you are happy to proceed with, we can get the ball rolling with your mortgage application. 3. We will perform a credit check on you in order to obtain an agreement in principle. Furthermore, we will get some evidential documents from you in order to back up your mortgage application. 4. We will submit your mortgage application and wait for a formal mortgage offer to be issued.
As a Mortgage Broker in Nottingham, we always advise applicants to obtain an Agreement in Principle before viewing properties. Firstly, you’ll need an Agreement in Principle to make an offer on a property. Secondly, having one in place could put you in a position to negotiate prices.
An Agreement in Principle typically lasts for 30-90 days. This timeframe may change depending on the lender that you are using.
If your Agreement in Principle expires, you can easily renew it by getting back in touch with your Mortgage Advisor in Nottingham or your lender.
It’s possible to obtain a second mortgage; as a Mortgage Broker in Nottingham, here are the most common reasons we see for people wanting a second mortgage:
– Debt consolidation
– Home Improvements
– Buy to Let
– Other, e.g. for a Family Member, Holiday Home, etc.
High street mortgage lenders will usually ask for a minimum of a 5% deposit. This percentage may be higher depending on if you’ve had previous bad credit issues.
If you’ve had bad credit issues in the past, you may find it a little harder to get a mortgage, but that isn’t saying you still can’t get one!
Lenders may ask for a slightly higher deposit if you’ve had bad credit in the past. Some lenders may ask for a deposit of around 10-15%.
If you are able to submit at least one year’s of accounts, the more likely you are of being able to obtain a mortgage. Most of the lenders that we use look at your salary plus dividend to calculate the maximum mortgage amount. Others may go off your net profit, it all depends on the lender.
Your free mortgage consultation in Nottingham will usually last around an hour. Following the consultation, we can turn around an Agreement in Principle for you within 24-hours. Now it’s just the case of submitting your mortgage application. A formal offer can take around three weeks on average to come back.
A telephone test 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.
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.
