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First Time Buyer Mortgage Advice in Derby

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01332 979187

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

We know that buying your first home can create a mixture of emotions, from excitement to anxiety but the one feeling that you shouldn’t feel in the mortgage process is stress. At our Mortgage Broker in Derby, our Mortgage Advisors in Derby will be with you every step of the way.


Whether you’re purchasing a property by yourself or with someone close, we are ready to help you find the right deal and make buying your first home an experience you’ll never want to forget.


Buying your first home is likely to be the biggest purchase of your life so far. So you want to make sure that it’s 100% right for you. The first thing that needs to be done is to work out what you can afford and what you are unable to. We understand that buying a property isn’t for everyone but if you’re currently renting and you’re ready to settle down then buying could work out cheaper and you may be a little more happier.


However, if you’re uncertain about whether you want to purchase a property, we will work closely with you to ensure that purchasing is the right decision for you and to help you work out all of your finances so that you get the best deal and more money in your pocket at the end of the month.


As an experienced Mortgage Broker in Derby, we love helping first-time buyers on their journey to owning their first property. We know all the insider secrets and have relationships with a wide range of lenders to ensure you get the right mortgage for you along with the best deal that we’re able to find.


We can even work with you if you’d like to purchase your current rental property from your landlord. Our knowledge of the mortgage market is extensive and no matter your needs, we will do our best to try and find a solution ready for you whatever you decide.


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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Expert Mortgage Advice in Derby for First-Time Buyers 

Through our experience as a Mortgage Broker in Derby, we have had a range of customers getting in touch, with a large portion of them being First Time Buyers who are looking at getting their home buying journey started.  


With this in mind, we would like to provide reassurance for you, the First Time Buyer, that our caring mortgage advice team have extensive knowledge of various First Time Buyer mortgage scenarios.  These have been known to include;  

Mortgage Stress Control 

When buying a house, there are many other things to consider. From preparing in advance for your bills to deciding on which furniture you like; the journey can become stressful before you have even factored in the mortgage. By getting in touch with us, you have one less thing to worry about.   

Monitoring Your Costs 

Every customer is unique when it comes to their financial commitments, with outgoings ranging from student loans, childcare costs to even car payments. Even if you have a good credit and monthly income, these can affect the amount a lender will allow you to borrow. 


Our First Time Buyer Mortgage Advisors in Derby can provide an estimate on the amount you are able to borrow and potential monthly costs, throughout your free initial mortgage consultation. 

Backing Up Your Offer 

Have you found your dream property? Then it’s time to back up your offer with the assistance of an Agreement in Principle. The way this works is by factoring in your salary and your expenditure, the lender will agree to the maximum amount they would be willing to lend to you.  


By providing your Agreement in Principle to your seller, it shows that you are a committed First Time Buyer and you are ready to proceed. Our fast and friendly mortgage process allows us to turn around an Agreement in Principle, typically within 24 hours of your first appointment.   

Proceeding with Your Mortgage Application 

Once you have had an offer accepted, then it’s time for the next step; your mortgage. For First Time Buyers in Derby, the following phase can be a little daunting.  


Our benevolent mortgage advice team are determined to ensure you are stress-free and secure, remaining available to you 7 days a week to help process your mortgage application.  

Seeking Help with Your Mortgage  

In some cases, First Time Buyers might encounter mortgage hurdles. These have been known to include; no credit (regularly seen with young people), as well as poor credit due to the handling of your finances (going into overdrafts, history of gambling, missed payments). 


We look at your personal circumstances to then match you with the appropriate lender for your needs. This is something we aim to get right first time.  


 Contact us to book your free mortgage consultation.

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

Our experienced Mortgage Advisors in Derby love helping First Time Buyers. Right from your initial call through to getting the keys to your dream home, your dedicated Mortgage Advisor in Derby will be there to guide you throughout the whole process. We will be on hand and ready to help answer any questions that you may have that are lingering on your mind.


Unlike a high street Bank, we search through 1000s of mortgage deals that are on our panel to find the best one that suits your individual circumstances. If you like we can also help with putting offers forward to Estate Agents, conveyancing solicitors and help with deciding on what survey would be best so that your property is the best it can be when you move in.


Our Mortgage Advice in Derby team are available seven days a week, morning, evening and weekends. We’re here at a time that suits you and your family to get you on the right mortgage track.


We will take the stress away, manage all the paperwork and leave the exciting bits, such as getting the keys, up to you!


Please read our genuine customer reviews, the service you receive and your happiness during your time with us is really important to us.

What our customers say

Common mortgage

Your initial free mortgage consultation in Derby will last for roughly about one hour. An advisor will then recommend a mortgage for you, that you are under no obligation to accept and proceed with, if you decide it’s not for you.

As a dedicated and trusted mortgage broker in Derby, we will carry out a Fact Find to establish your circumstances & needs prior to recommending the most suitable mortgage for you. A credit check will then be required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued to you.

We would highly recommend you obtain an Agreement in Principle prior to property viewings in Derby, to avoid possible disappointment, especially as this can boost your bargaining position pre-making an offer and can be obtained with the help of one of our mortgage advisors in Derby, free of charge.

A standard Agreement in Principle generally lasts for between 30 and 90 days depending on which lender you are with. If your Agreement in Principle happens to expire, it can easily be refreshed.

If you’re looking to make any potential home improvements or consolidate any debt, then it can be possible to get a second mortgage on your home. Second Mortgages are also usable for if you are wanting to take out a mortgage for a family member, a holiday home or a Buy to Let.

When purchasing a property in Derby, the minimum deposit a High Street Lender will usually require is 5%, though if you have had previous credit problems, this can be higher.

If you have had credit problems, it could still be possible for you to get a mortgage, however, you may need to put down a higher deposit than usual. This could be 15% of the purchase price.

You may still be able to get a mortgage once you have submitted at least one year’s accounts. Typically we find that, for the most part, lenders will use your salary + dividend to calculate the maximum mortgage. Alternatively, some may go off your net profit.

To prove your income to a lender, it’s usually three payslips for an employee. If you are self-employed, it’s the latest 2 years’ accounts. In addition you will need to produce the lender with proof of ID, address and the latest 3 months’ bank statements.

Your free initial mortgage consultation will typically last up to an hour. Our team have the ability to obtain an agreement in principle within 24 hours. A formal mortgage offer will take about three weeks on average.



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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