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First Time Buyer Mortgage Advice in Derby

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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 your first mortgage need not be stressful. 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 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 right for you. The first thing that needs to be done is to work out what you can afford. 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. We will work closely with you to ensure that purchasing is the right decision 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. 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 whatever your needs, we will find a solution ready for you.

 

How does it work?Get a quote nowMeet your advisor

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

As an expert Mortgage Broker in Derby, we have helped many First Time Buyers in Derby onto the property ladder, and there is rarely a situation that we have not come across. Below are some popular First Time Buyer scenarios:

  • Would you like to know how much you can borrow on a mortgage and the monthly cost ahead of property viewings as a First Time Buyer in Derby?
  • Have you seen a property and would like a mortgage Agreement In Principle to back up any offer that you put forward?
  • Has your offer been accepted, and you would like to proceed with your mortgage application?
  • Have you been to your bank for Mortgage Advice in Derby, but have been unsuccessful and need to seek help from an experienced Mortgage Broker in Derby?

Contact us to book your free mortgage consultation.

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

Our experienced Mortgage Advisors in Birmingham 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 by your side throughout the whole process. Ready to help answer any questions that you may have.

 

Unlike your Bank, we can search 1000s of mortgage deals 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.

 

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.

 

We will take the stress away, manage all the paperwork, leaving the exciting bits to you!

 

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

What our customers say

Common mortgage
questions

Your free mortgage consultation in Derby will last approximately 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 go ahead.

As your mortgage broker in Derby, we carry out a Fact Find to establish your needs prior to recommending the most suitable mortgage for you. A credit check is then required for an Agreement in Principle and then 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

We recommend you obtain an Agreement in Principle before you start viewing properties in Derby, to avoid disappointment. 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. If your Agreement in Principle expires it can always be refreshed.

It can be possible to get a second mortgage on your home for debt consolidation or Home Improvements. It may also be possible to take out a mortgage on a second property if it is for your own use, the use of a family member, a holiday home or a Buy to Let.

To purchase a property in Derby. The minimum deposit with High Street Lenders is typically 5% but 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 need to put down a higher deposit than usual, perhaps 15% of the purchase price.

You can get a mortgage once you have submitted at least one year’s accounts. Most Lenders use your salary + dividend to calculate the maximum mortgage whereas others go off your net profit.

To prove income it’s usually three payslips for an employee and the latest 2 years’ accounts for self-employed. In addition you will 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 and a formal mortgage offer takes about three weeks on average.

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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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