Burger Menu

First Time Buyer Mortgage Advice in Middlesbrough

Get Your Free Consultation 7 Days a Week

01642 988468

We’ll be With you Every Step of the way!

The very concept of buying your first home can be quite daunting but worry not; Your Mortgage Broker in Middlesbrough is here to save the day!

 

We love our customers and aim to make the whole experience as simple and stress-free as possible, especially when they’ve never done it before. The last thing you need is to feel anxious about the whole ordeal, so we work alongside you, being friendly and reducing worry.

 

How does it work?Get a quote nowMeet your advisor

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

Mortgage Lenders 007

Popular Mortgage Scenarios in Middlesbrough:

  • You’ve spotted a property you love the look of and would like to make an offer.
  • You’re not sure how much you would be allowed to borrow and need a Mortgage Advisor in Middlesbrough to sit down with you and help you work out how much you can borrow?
  • You’ve already put in an offer on a house and the focus is to get that mortgage sorted.
  • You need a Mortgage in Principle so that you’re prepared for any would-be house purchases in the near future.
  • The bank you’ve had your savings in all your life won’t consider your mortgage application because your credit record has gone a bit array in recent years.
  • You’d like to get a mortgage with your best friend or sibling, making the whole process too complicated for your typical high street mortgage lender.

 

Contact us to book your free mortgage consultation.

Why a Mortgage Broker in Middlesbrough like us is invaluable

  • Not only will we give you top financial advice when it comes to financing your first home – but we’ll also be there to provide some emotional hand-holding too. Property is probably the biggest item you’ll ever buy so understandably some First Time Buyers become very nervous at the prospect but with us alongside you in the process, it’ll be a more enjoyable experience.
  • We work solely for you to make sure you get the best deal.
  • If you are interested in applying for a government First Time Buyer scheme, we can talk you through the process, taking our time to make sure you understand the pros and cons of each.
  • We have fantastic reviews from delighted previous clients.
  • Our team has a huge list of mortgage providers to choose from, making sure we can find one which exactly fits your needs and budget.

 

So if you feel like we could help you then give us a call today and make an appointment with one of our team. We’re open from 8 am to 10 pm, seven days a week offering Mortgage Advice in Middlesbrough.

What our customers say

Common mortgage
questions

Your free mortgage consultation in Middlesbrough 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 Middlesbrough, 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 Middlesbrough. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

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 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 Middlesbrough 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. 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.

Previous

Next

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.

Handy quick links

Middlesbroughmoneyman.com & Middlesbroughmoneyman 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 Middlesbroughmoneyman

Middlesbroughmoneyman – Commerce House, 1 Exchange Square, Middlesbrough, TS1 1DE

Moneyman Logo

Book your Free Consultation

7 Days 8am - 10pm

Moneyman Logo

Moneyman Logo

Moneyman Logo

Ask Your Question