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First Time Buyer Mortgage Advice in York

Free First Time Buyer Mortgage Consultation in York

01904 405975

Holding your hand through the whole process

We know that the thought of buying your first home and taking that leap of faith onto the property ladder can be quite daunting, and that’s why we’re here to help.

 

We’ve been helping first time buyers for over 20 years now, we have the experience and the knowledge to get you through the mortgage process. Once you get in touch with one of our mortgage advisors in York, we can get your mortgage journey started.

 

Competitive First Time Buyer Products

Our vast catalogue of both high street and specialist lenders will help you find a competitive product.

 

We can search through 1000s of deals, trying to locate one that perfectly matches your personal and financial situation. A mortgage broker in York like us only has your best interest at heart, our aim is to also save you time and money.

 

You can book your own mortgage appointment online! Choose your date and time to speak directly with a mortgage advisor in York.

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

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During our time spent working in the mortgage sector, we’ve built up close relationships with lenders and building societies. This has allowed us to access 1000s of competitive products.

 

Everyone’s mortgage situation is different, and not everyone will be able to access these top-end deals. There are many different situations that we come across, here are some of the most common first time buyer situations that we come across:

 

  • The First time buyer wants to find out how much they can borrow.
  • The applicant wants to make an offer on a property but doesn’t know how to.
  • An offer has been accepted and they need help progressing through their application.
  • The applicant is ready for an AIP.
  • There’s been a decline of application, leaving the person stuck in the process.
  • An applicants credit score is not quite there yet and they tips on how to improve it.

 

Contact us to book your free mortgage consultation.

Why choose us for to provide you with First Time Buyer Mortgage Advice in York?

Our brilliant team of Mortgage Advisors in York are available every day of the week from 8 AM until 10 PM. If you can’t do those times then some of our Mortgage Advisors in York may even be able to work later to help you achieve your dream.

 

Are you concerned about your situation? We’re able to search through thousands of deals with lenders, so chances are there’s something out there for you – Don’t worry, we’ve got your back on this journey!

 

Our Mortgage Broker in York and our whole team are always here for you whenever you need us, with no ties to banks, estate agents or building societies. Everything we do is in your best interests. Our Mortgage Advisors in York and admin staff will keep up their communication with you, avoiding jargon to make it as simple as possible for you so that you are certain of what’s going on with your first time purchase.

 

The last thing we want you to be as a First-Time Buyer in York is to be stressed out, so our team are always on hand to reassure you if things get overwhelming or uncertain.

What our customers say

Common mortgage
questions

As your Mortgage Broker in York, we will start with a Fact Find. During this stage of the process, we will get a better view of your personal and financial situation which will help us when selecting a mortgage deal.

You will then have a credit check performed on you, this step is essential in order to obtain an Agreement in Principle. Once you’ve handed us all of the relevent documentation and a valutation of the property has been completed, a formal mortgage offer can be offered.

Your initial mortgage consultation will take around an hour, afterwards, we will try and arrange an Agreement in Principle for you within 24-hours of your consultation. The final step is submitting your application and waiting for a formal mortgage – this can take about three weeks.

As a Mortgage Broker in York, we always recommend trying to have an Agreement in Principle in place prior to viewing properties. An Agreement in Principle could put you in a position that would let you negotiate prices.

Your free initial mortgage consultation will approximately last an hour. During the consultation, we will ask you some questions and get a bigger picture of your personal and financial mortgage situation.

After the consultation, your dedicated Mortgage Advisor in York will begin searching for mortgage products, trying to secure you one that’s more competitive than your current rate. Once we find a product for you, it’s up to you whether you want to take the offer or not. If so, we can get the ball rolling and start the mortgage application submission process.

Yes, you can obtain a second mortgage in some cases. Whether it’s for home improvements, debt consolidation, for a Buy to Let or a holiday home, you should know that our Mortgage Advisors in York can help you with this.

When making a deposit on a property, High Street lenders will usually ask for a minimum of a 5% deposit. If you’ve had previous credit problems you may be asked to provide a higher deposit.

You may find it slighter harder to get accepted for a mortgage with previous credit problems, however, it’s not impossible! The difference is that you may be asked to put down a higher deposit than usual, perhaps 10-15% of the property purchase price.

If you manage to submit at least one year’s accounts, you are able to get a mortgage. As a Mortgage Broker in York, we see that a lot of lenders use your salary plus dividend to work out the maximum mortgage amount that you would be able to borrow. We’ve also seen some lenders go off your net profit.

Here are all of the documents that you’ll need to support your mortgage application in York

  • Photographic 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.

Once you obtain an Agreement in Principle, it should last around 30-90 days. This will depend on the lender that you’ve used.

If your Agreement in Principle expires, you can easily renew it by contacting your Mortgage Broker in York or your lender.

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 in York!

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

Yorkmoneyman.com & Yorkmoneyman 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.

© 2021 Yorkmoneyman

Yorkmoneyman, York Hub, Popeshead Court Offices, Peter Lane, York, YO1 8SU.

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