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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 Rating295 Reviews
Marie
Absolutely amazing from start to finish. So helpful, every step of the way we was informed of what was happening. Cannot thank them enough.
Anonymous
Very pleased with the service. Chris and the Team have helped me through the mortgage process, making it as easy as possible. They have also managed to find an excellent mortgage deal.
Clare
Nottingham moneyman helped me with my first mortgage 5 years ago and I had a great experience then and now my mortgage is up I have had another great experience with sorting out what to do next. Couldn't recommend the company enough
Kunal
Professional, polite & thorough. I’m genuinely glad I found these guys. Thank you so much.
Rosita
Excellent service the help and support provided throughout the process was second to none. I would highly recommend this company for any of the services they provide. Dan Osman in particular was so supportive and invested in my family he was such...
Leslie
Excellent service from Tom for our second mortgage, supported us through the process with very quick turnaround. Cannot recommend Nottinghammoneyman highly enough!
Craig
Quick at responding and delivered on everything they promised.
Lisa
The Nottingham Money Man group have been fantastic in helping me to navigate the complicated waters of house buying and obtaining a mortgage and the relevant other insurances etc you need with this. They have taken their time to explain things...
Wayne
Well what can i say We dealt with Leo Shakespeare and Jo Parnell throughout all stages of Our Mortgage Application, they both discussed and went through every detail throughly and helped us immensely i couldn't of wished for anyone better to of...
Daniel
I couldn’t find a mortgage in principle anywhere that suited me because of Low credit scores and applying for mortgage alone, I honestly thought I was never going to able to buy a house but jason managed to work some magic and find me something...
Sindi
Very happy with the service, super friendly staff and extremely helpful.
Christopher
Charlie has been the ideal advisor in the months we've worked together. Knowledgeable, honest, personable and consistently happy to help. He and his team have made my experience as a first-time buyer a LOT less confusing!
Anna
Would and will be recommending this company. They (Conner) provided an extremely professional and efficient service in switching over our mortgage to a better interest rate. Always very contactable which quite frankly is something in this day and...
Alexander
Great service. Best value. We spoke to 3 brokers. Money man had the best deals so went with them. Service was fantastic. The mortgage we wanted was being pulled on the day so Paula went out of her way to ensure they had everything to send our...
Jan
first time I’ve used U.K. money man and I would like to say big thank you to Chris and Stacey who were helping us with our mortgage and made whole process smooth and easy for us from beginning to the end.Thank you 🙏
Jonathan
Very helpful and informative. Kept us in the loop and followed up with emails. Thank you!
Baljinder
Conor was excellent and efficient through the process and always helpful. Would highly recommend Moneyman.
Rosalind
Paula and Dan worked on our remortgage and we cannot recommend them highly enough. Dan initially handled the case and was very thorough, efficient and found us a great deal. We needed to remortgage around the time of Kwarteng’s mini budget so it...
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!
Our dedicated mortgage advisors in Nottingham will provide you with a free mortgage appointment that typically lasts around 30 mins.
During this appointment, we will gather information about your financial and personal situation.
Based on the information obtained during the consultation, your mortgage advisor in Nottingham will then search for the ideal mortgage deal tailored to your specific needs.
If you are satisfied with the mortgage offer presented by your mortgage advisor in Nottingham, the next step is to proceed with your mortgage application.
Our mortgage process is composed of several stages. Firstly, we will ask you to complete our Fact Find to provide us with a clear understanding of your mortgage needs and goals.
Next, you will have a free appointment with a mortgage advisor in Nottingham, who will begin searching for mortgage options that are tailored to your individual circumstances. If we find a suitable offer that meets your requirements, we can proceed with your mortgage application.
To obtain an agreement in principle, we will conduct a credit check on you and gather supporting documents to validate your mortgage application.
Once we have submitted your mortgage application, we will wait for a formal mortgage offer to be issued.
We highly recommend obtaining an agreement in principle before you start viewing properties if you’re planning to apply for a mortgage.
This is because an agreement in principle is usually required to make an offer on a property, and it can also help you negotiate prices.
As a mortgage broker in Nottingham, we can help you to obtain an agreement in principle from a mortgage lender, which demonstrates their willingness to grant you a mortgage based on your financial circumstances.
With an agreement in principle in place, you can have a better idea of what properties you can afford and approach the buying process with more confidence.
The validity period of an agreement in principle (AIP) typically ranges from 30 to 90 days, but this may vary depending on the specific mortgage lender.
In case your AIP expires before you find a suitable property, you can easily renew it by contacting your mortgage advisor in Nottingham or the mortgage lender.
As a mortgage broker in Nottingham, we often see customers seeking a second mortgage for various reasons. Some of the most common reasons include:
– Consolidating debt.
– Making home improvements.
– Investing in a buy to let property.
– Other reasons, such as purchasing a holiday home or helping a family member with a mortgage.
When applying for a mortgage in Nottingham with a high street lender, a minimum deposit of 5% is typically required. If you have a history of bad credit, this percentage may increase.
Obtaining a mortgage may be a bit more challenging if you have a history of bad credit, but it’s not impossible!
In such cases, some mortgage lenders may require a slightly larger deposit from you, typically around 10-15%.
Whilst this is the case, there may still be many options available to you, and as an experienced mortgage broker in Nottingham, we can help you find a mortgage lender that is willing to work with your situation.
Submitting at least one year’s worth of accounts increases your chances of getting approved for a mortgage.
The mortgage lenders we work with typically consider your salary plus dividend to determine the maximum mortgage amount.
Some lenders may base their calculations on your net profit. The criteria varies from lender to lender.
– Photo ID (Driving license, Passport, etc.).
– Proof of Address (Utility bills, tax bills, credit card statements, etc.).
– Latest 3 months’ payslips & Latest P60 (employed applicants)
– Latest 2 years’ tax calculations and corresponding overviews (self-employed applicants)
– 3 months’ bank statement proving the deposit being built-up with an explanation for any large credits.
Typically, your free mortgage appointment in Nottingham will take approximately 30 mins.
After the appointment, we can provide you with an agreement in principle, usually within 24 hours. Once you have decided to proceed, the next step is to submit your mortgage application.
On average, it takes about three weeks to receive a formal offer from the mortgage lender.
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.
