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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; 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.
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.
Although depending on various factors such as your credit score, as a first time buyer, you’ll usually require a minimum of 5% of the property purchase price.
Unfortunately, if you do have a low credit score, you may have to put down a higher deposit, e.g., 10%-15%.
If you are struggling to meet the minimum required deposit, you may need to look at other ways of getting onto the property ladder. There are many different types of government-led schemes that can help you out, some may be more suited to your situation than others.
For example, if you are looking to buy a new-build property, the Help to Buy Equity Loan scheme could be for you, and if you are looking to purchase your council house, then it’s the Right to Buy scheme that you should look into.
If you want to get more information about the different schemes that are available, you should get in touch with our team. We know the ins and outs of every scheme and can check whether you can access any of them or not.
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:
During the first stage of your mortgage journey, you’ll need to work out how much you can borrow. There are a couple of different ways that you can do this.
You can either use our free online mortgage affordability calculator or for an accurate measure, you can get in touch with us. We will look at your income, credit file and expenditures to calculate how much you can borrow for a mortgage.
Once you’ve found your dream home that you want to make an offer on, firstly, you’ll need to arrange the mortgage part of the process. Once you’re in this position, it may be wise to speak with a Mortgage Advisor in York.
It’s nice and easy to book a mortgage appointment online. We are open 7 days a week, so you can book in with an advisor on a weekend if that works better for you.
If your offer has already been accepted, you’re ready to start your mortgage process straight away.
Using a Mortgage Broker in York like us could speed up your mortgage process. We know exactly what we’re doing during every point of the mortgage process.
Having an AIP is an essential part of your mortgage journey. You must have one in order to move forward with your mortgage application.
We can arrange an AIP for you within 24 hours of your enquiry. So, if you need a quick turnaround to support your offer, feel free to get in touch with our team.
Whatever the reason is for being declined by your lender, we would advise that you don’t keep applying. There may be something on your file that you don’t know about that is harming your application.
The more that you apply, the greater the damage on your record. Let us help you if you’re struggling with your mortgage process, we have experience and specialist knowledge in this sector.
We have been delivering Mortgage Advice in York for over 20 years now, we know exactly what we’re doing. With the combination of our experience and knowledge, we will try our best to get you a perfect mortgage deal.
Part of our job as a Mortgage Broker in York is to be completely transparent with you. We will be always open and honest with you.
If we cannot find you a better rate than what you’re currently on/have been offered, we will make sure that you’re aware of this.
You can book your own mortgage appointment online through our ‘Get Started’ process. We have availability 7 days a week and are open until late!
Book a free mortgage appointment and start your mortgage process today.
Overtime, we’ve collected many customer reviews. Every review shows how invaluable our service is and how much our customers have loved it.
Take a look at our outstanding reviews and see them for yourself.
Yorkmoneyman can access a wide range of competitive mortgage products. We have both specialist and high street products to hand.
We will search the market and try and find you a deal that matches your personal and financial situation perfectly.
4.96 Rating157 Reviews
Craig
Provided an excellent service. Really impressed with the knowledge of the current mortgage market and provide good advice. Weren’t pushy and gave plenty of options based on what we required, wouldn’t have been an issue if we just walked away as...
Carol
The team were brilliant from first contact, talking through our options. And really listened to what we wanted. They were exceptionally thorough checking all the documentation ensuring everything was in place prior to putting the mortgage...
David
York moneyman was very helpful with both finding us the best rate for our initial mortgage and then again when it was time to remortgage. The remortgaging advice was particularly welcome in these challenging times as it was free and helped us get...
Louise
From start to finish, helpful and informative all the way. Sound advice and quick responses. Would absolutely recommend York moneyman to anyone and would use again definitely.
Valentina
I used Yorkmoneyman service second time to remortgage my house and they were brilliant, happy with customer service, quick response, great communication and I would highly recommend.
Anonymous
5* service throughout the process. Look no further, can 100% recommend.
Paul
Easy to deal with, sound advice following a review of your needs. Would highly recommend to anyone
Richard
Tom and Chloe handled my mortgage application in a very professional and effective manner making the process simple for me as a first time buyer. I will definitely use them again when it comes to my mortgage review.
Anonymous
Were able to get us a great quote for a structural survey while also helping us all the way throughout the mortgage application process. They were great and I would rate them eight out of eight.
Guy
Friendly and efficient service with excellent communication. I would recommend to anyone seeking mortgage advice, I will be using them again when I come to seek a new mortgage deal.
Anonymous
Leanne was brill , really helped me out 👍🏻
Caitlin
After having a few problems with other companies I feel satisfied and less stressed talking to Leanne and feel my problem will be taken care of.
Harriet
We cannot thank yorkmoneyman enough, Jason and Jennifer are real experts and so professional, helpful, hardworking and kind. We would highly recommend and are two very happy customers. Thank you so much
Stacey
Everyone we dealt with was friendly and informative. Even after the mortgage was secured they checked in to see how things were going and helped out when things were moving slowly. Would highly recommend. ...
Sarah
We can not thank Matt and Louise enough for the help and support they have given. Moving for the first time in 18years, we had no idea what to do so it was amazing to have Matt supporting us through the process, advising us of the best products to...
Emily
Always very happy to chat and answer any questions. Friendly and approachable. Quick to respond by phone or email. As a first time buyer they really helped me understand the whole process.
Olivia
Yorkmoneyman were great, they delivered a friendly and helpful service. We felt like we were in safe hands.
Holly
Chloe, Jason and the rest of the team have been fantastic in guiding us through a complicated buying process. We’d definitely use these again, and would recommend other to do the same.
Anonymous
Very happy with the service I received. Charlie was always there to guide me through the process and answer all my questions. Would highly recommend their services.
Laura
Yorkmoneyman has been super helpful, very friendly and generally prompt to respond. They have helped us secure our mortgage offer super quickly and we are grateful for their support, special thanks to Leo and Meghan.
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 30 mins, 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 30 mins. 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
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.
A telephone test call where we can take some initial details and find out about your plan of action.
Enjoy finding a property in York!
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.
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.
