It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
As a first time buyer in Derby, taking a step into the mortgage world can be a little daunting which is understandable with mortgages being a big financial commitment. As a mortgage advisor in Derby, we have helped many First Time Buyers achieve their mortgage goal. Our mortgage advisors do their best to make the process as stress-free as possible.
We believe the most important part of obtaining a mortgage is the journey, looking at how you got there and what happens next. Our goal is to make the process straightforward and keep you constantly in the loop. A mortgage advisor in Derby can provide a rough estimate of how much you can borrow.
We can also look at what your mortgage payments will be, which can be helpful if you are first time buyer in Derby wanting to know your monthly outgoings.
Having over 20 years of working experience in the mortgage industry to our name, our hard-working team of mortgage broker in Derby has dealt with many first time buyers in Derby and has given them the boost they need to get onto the property ladder.
Whatever the circumstance, all customers will have the opportunity to benefit from a free initial mortgage appointment. If you are interested in discussing the potential mortgage options that are available to you, book online today and receive tailored mortgage advice in Derby.
If you’re struggling to gather enough funds for the minimum deposit required to buy a home, there are government mortgage schemes available to assist you. These schemes were introduced to aid first-time buyers in getting on the property ladder.
Examples of these schemes are the Help to Buy Shared Ownership Scheme, Mortgage Guarantee Scheme, and the First Home Scheme, among others. You must meet the eligibility criteria for each scheme. This is where a seasoned mortgage broker in Derby can offer assistance.
To obtain further guidance on purchasing your first home in Derby, and to explore any relevant government mortgage schemes, schedule a free mortgage appointment with a mortgage advisor in Derby today.
Apart from the deposit you’ve saved, there are other expenses to keep in mind, such as conveyancing and solicitor fees, property surveys, broker charges, and mortgage arrangement fees. Additionally, you might need to factor in stamp duty costs and insurance premiums, such as home, contents, or financial protection insurance.
During your free initial mortgage appointment, your designated mortgage advisor in Derby can discuss these additional costs in more detail and address any concerns you may have.
In order to qualify for a first time buyer mortgage in Derby, you must have saved at least a 5% deposit or more for your initial home purchase. Additionally, you’ll need to engage a conveyancing solicitor to oversee the legal aspects of the property acquisition process.
As a mortgage broker in Derby who specialises in helping first-time buyers in Derby, we are dedicated to providing comprehensive support every step of the way. Our mortgage advisors in Derby are available to help you assess your eligibility and secure the most suitable first-time buyer mortgage available in Derby.
There are several first time buyer mortgages available in Derby, each with its own unique features. One of the most popular is the fixed-rate mortgage, which locks in your interest rate for an extended period, shielding you from any potential interest rate increases.
Another option is the tracker mortgage, where your interest rate fluctuates in response to changes in the Bank of England base rate. Discounted variable rates are a more affordable alternative, but if a lender’s standard variable rate changes, so will your interest rate.
Lastly, an offset mortgage comes with a flexible savings account that is interest-free, and the balance in your savings account is used to offset the mortgage balance. The larger your savings, the lower your mortgage interest rate will be.
To learn more about the different types of mortgages available and determine which one suits your needs, book a free mortgage appointment online and speak with one of our experienced mortgage advisors in Derby today.
Our Customers Love Us
5.00 Rating29 Reviews
Anonymous
Really good service till the end, making sure everything was finalised smoothly. Will definitely use again when needed.
4 months ago
Anonymous
DIna was my mortgage broker and was so friendly and non-judgemental of my circs. I was wanting to buy an ex out the property and pay off some debt - she got me an offer within days. I had used free mortgage advice companies who hasn’t managed...
5 months ago
Liz
I dealt with Dinah who is the friendliest non-judgemental advisor I have ever dealt with . My case wasn’t that straight forward, but within days I had an offer. I have used well known free advice companies before, but didn’t get anywhere with...
6 months ago
Anonymous
They were quick to respond and maintained great communication throughout the process. Emails were answered promptly, making the entire experience smooth and stress-free. Highly recommended for anyone seeking a reliable and responsive mortgage broker!
6 months ago
Donna
Amazing service would highly recommend A+++
1 year ago
Anonymous
Quite helpful and fast in dealing with the proceedings of the mortgage application.
1 year ago
Arron
Good recommendation for 1st time buyers. Made whole process easy and straightforward.
1 year ago
Kudakwashe
Very good 👍
1 year ago
Sarah
I can’t believe the service we have had and we can’t recommend them enough, Matt and the team are amazing. We have had several mortgage offers through them but the houses we have bought have fallen through but nothing has been too much trouble...
1 year ago
Carol
Friendly efficient service, took their time to explain the procedure etc, I would definitely recommend them.
1 week ago
Joshua
Leo is always a pleasure to talk to. Very friendly and knowledgeable, and allows us to ask questions, no matter if we’ve asked before orbits really obvious
1 month ago
Adam
Thank you to Wayne and the team at UK Moneyman, Derby. We were first time buyers, both with adverse credit history and one with sporadic income from agency work. I was finding the whole process of applying for mortgages to be quite stressful and...
2 years ago
Arran
The team over at Derbymoneyman have been incredibly helpful in helping me understand the process of buying a house. A friendly and welcoming team who do all they can to help. Definitely recommended, you feel like the team is invested in helping you.
2 years ago
Gurjeet
Really helpful and clear.
9 months ago
Gemma
From first discussions with Tom to being passed over to Lyndsey, the whole process was easy and seamless. Everyone I have dealt with at Moneyman have been really helpful and friendly, which has helped take the stress out of applying for a...
10 months ago
Matthew
Jenny has been extremely helpful throughout the process and resolved any issues quickly. Thanks!
11 months ago
Susan
Very good service over the moon Wayne and Megan no there stuff
1 year ago
Dean
4 weeks and got my offer very good service from Wayne and Megan can not fault them
1 year ago
Chantelle
This company has helped get a mortgage, when we didn't think we could get one the first time, and we have continued to use them the second time and will reuse them again. They are professional and Friendly and communication is fantastic.
3 years ago
Anonymous
Great service
1 year ago
It is essential to speak with a professional mortgage advisor in Derby regarding your financial situation.
When you schedule your free mortgage appointment, our assigned mortgage advisor in Derby will assess your income and expenses to determine the maximum loan amount available to you as a first time buyer in Derby.
Contact us now to book your free mortgage appointment, and we will be thrilled to assist you in achieving your mortgage objectives.
At Derbymoneyman, our team has access to a wide selection of lenders offering specialised products tailored for first time buyers in Derby.
These offerings can pave the way for your journey towards homeownership. Following your consultation, we will promptly secure your mortgage agreement in principle, typically processing it within 24 hours.
An agreement in principle serves as proof to sellers that you are genuinely committed to moving forward.
Once your property offer is approved, your dedicated mortgage advisor in Derby will handle the submission of your mortgage application and arrange any additional documentation required by the lender.
Throughout the mortgage process, your case manager will keep you informed, and we will support you in obtaining the keys to your new home.
In addition to finding the most suitable mortgage deal for first time buyers in Derby, our team will assist you in obtaining insurance coverage to provide financial protection for you and your loved ones.
Having insurance while obtaining a mortgage acts as a safety net in unforeseen circumstances such as death, disability, or job loss. Insurance products that cover mortgage payments ensure that the borrower’s family is not burdened with the responsibility of repaying the mortgage.
We love helping first time buyers as a caring mortgage broker in Derby. Your dedicated mortgage advisor in Derby will be by your side throughout the process from your initial call all the way to obtaining the keys to your new home.
They will be there to answer any questions you may have about your mortgage keeping the technical jargon to a minimum.
The benefit of approaching a mortgage broker in Derby compared to a high street bank is that we have access to thousands of mortgage products, finding you the one that is appropriate for your circumstances.
Check out our genuine customer review, as they show how our dedication and hard work has helped many customers on their mortgage journey. The service we provide and your satisfaction with our service means a lot to us.
We are here seven days a week to relieve any stress and solve any hurdles we encounter along the way. It’s rewarding when we find a property that you like and obtain the keys!
It all comes down to your credit score. As a general rule, we usually find that first time buyers have a good credit score. With this, you are opening yourself up to better mortgage rates and put down a lower deposit, this could be as low as 5% of the purchase price.
Whereas a first time buyer with a quite low credit score may only have access to a lot more higher rates and will need to deposit much higher. This could range between 10-15%.
The deposit amount will also depend on the type of property you’re looking to buy. For example, if your property is more expensive, you may need to put down a larger deposit.
The government mortgage schemes can be a helpful way of obtaining a mortgage if you are struggling to reach the minimum deposit that is required. The schemes were introduced to help first time buyers get on the property ladder and succeed in their home owning goals.
The government currently offer schemes including the Help to Buy Equity Loan, Shared Ownership, Mortgage Guarantee Scheme, the First Home Scheme, along with many other. All of these schemes were introduced to help home buyers to get onto the property ladder in some way. A Mortgage Broker in Derby can help with the eligibility side as you still need to be eligible for them.
If you are a first time buyer wanting to learn more about the schemes available seeking mortgage advice in Derby, book online for you free mortgage appointment with one of our Mortgage Advisors in Derby. The appointment can help you understand if you are eligible and apply for your mortgage.
When you have seen a property you are interested in it’s now time to look into getting an Agreement in Principle which is also known as a Decision in Principle, Mortgage in Principle, DIP or AIP.
With an Agreement in Principle by your side shows that you have passed the lenders initial credit check.
Furthermore, having this document with you can demonstrate the seller that you’re in a big serious position to progress if they accept your offer, giving you a boost in front of other buyers.
Normally, our hard working mortgage advice team can get an Agreement in Principle within 24 hours of your initial appointment.
Firstly, you need to get in touch with your dedicated Mortgage Broker in Derby to inform them. From this, we will then proceed with your mortgage application and deal with all the paperwork on your behalf.
Don’t worry about any hurdles that could potentially arise, your experienced mortgage advisor in Derby would have encountered something similar in the past and can help with overcoming this obstacle.
Having an AIP under your belt is essential in the mortgage process. This can be helpful when it comes to making an offer on the property that you’re looking to purchase. Normally, we can an AIP sorted for you within 24 hours of your enquiry.
We do come across customers who are First Time Buyers in Derby who have approached the bank and have unfortunately been turned away for a variety of different reasons.
If you come across any issues during your process, our team of specialist advisors in Derby will work hard to find a solution.
Get in touch to book yourself in for a free mortgage consultation with a more tailored service.
Read our 29 Reviews
Derbymoneyman.com & Derbymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Derbymoneyman 2025.
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Derbymoneyman.com & Derbymoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 9 Gallows Lane, Beverley, United Kingdom HU17 7FJ.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk.
© Derbymoneyman 2025.
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