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First Time Buyer Mortgage Advice in Nottingham

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First Time Buyer Mortgages

We’ll be with you every step of the way!

The thought of getting your first mortgage doesn’t have to be so daunting. Our first time buyer mortgage advisors in Nottingham are here to support you through the whole mortgage process – from your initial enquiry to getting your keys.

 

We’ve helped 1000s of first time buyers get onto the property ladder during our 20 years of working within the broker industry. We want to help you next!

 

Every customer can benefit from a free mortgage consultation with a dedicated mortgage advisor in Nottingham. It’s not just about the mortgage deal, it’s about your journey as a first time buyer, your advisor will be by your side so you can ask them any questions that you have about the process.

 

How much deposit do I need for a mortgage?

Usually, assuming you have a good credit score, most high street lenders accept a minimum of 5% of the property price as your deposit.

 

If you have an adverse credit score, you may be required to put down extra for your deposit. This can sometimes add up to 10% or 15%.

 

As a mortgage broker in Nottingham, we are able to access lenders with specialist products. We hold close relationships with each and every one of them, allowing us to access their whole portfolio of mortgage products. It’s our job to match you with the right deal based on your personal and financial situation.

 

How does it work?Get a quote nowMeet your advisor

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

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Mortgage Advice in Nottingham for First Time Buyers

In the past, we’ve helped many first time buyers secure excellent mortgage products and rates. Not every applicant will have the same mortgage situation, therefore, if we’re faced with a complicated one, it’s our job to try and find a way around it.

 

Building up valuable experience and skills from working within the mortgage sector has helped us understand almost every single mortgage situation. Here are some of the most common first time buyer mortgage questions that we get asked and we can help you with:

 

Looking to buy soon and wondering how much you may be able to borrow/what your repayments could be?

You should try using our free mortgage calculator, it could give you an estimation of how much you could be able to borrow.

 

For a more accurate measure, you should get in touch with our team and we can perform an affordability assessment on you.

 

Mortgage Calculator

 

Need some help in making an offer on a property you like?

Your dedicated mortgage advisor in Nottingham will be able to help you make an offer on a property.

 

They will be there for you throughout the whole mortgage process – from start to finish.

 

Do you want to start your mortgage application as you’ve had an offer accepted?

Our excellent mortgage advisors in Nottingham will deliver a fast and friendly mortgage advice service. We will help you prepare and submit your mortgage application.

 

If you’re ready to submit your mortgage application, we recommend getting in touch with one of our professional advisors. We have access to competitive mortgage products and rates.

 

Contact Us

 

Facing some challenges with your journey and need some assistance?

We’ve been in this game for over 20 years now, we know what we are looking for!

 

If you’re facing a complex situation and want to speak with a specialist mortgage advisor in Nottingham, know that we are here to help.

 

Specialist Mortgage Advice

 

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

We are loyal to our customers, with no ties to banks, building societies or estate agents – We only have your best interests at heart! Our mortgage advice team in Nottingham will do their best to make the process stress-free, keeping things clear and simple, avoiding industry jargon.

 

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 – We’re with you every step of the journey!

 

The last thing you need as a first time buyer in Nottingham is to be stressed out, so our team are always on hand to reassure you when things get overwhelming.

 

Contact us to book your free mortgage consultation and speak with a dedicated mortgage advisor in Nottingham today.

What our customers say

Common mortgage
questions

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.

  • 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.

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.

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

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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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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