Are there other ways to help me get onto the property ladder in York?

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, the Shared Ownership Scheme allows you to purchase a share of a property—typically between 25% to 75%—and pay rent on the remaining portion. This can be a practical option if saving for a deposit on 100% of the property value is proving a struggle for you. 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.

How does the mortgage process in York work?

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 relevant documentation and a valuation of the property has been completed, a formal mortgage offer can be offered.

How long does the process take in York?

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.

When should I obtain an agreement in principle in York?

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.

First Time Buyer Mortgages in York | Free Initial Mortgage Appointment

Looking at Getting a First Time Buyer Mortgage in York?

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.

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.

How much deposit do I need for a mortgage in York?

Although depending on various factors such as your credit score, as a first time buyer in York, 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%.

Speak to an Advisor

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

FAQ's From First Time Buyers in York

Our Customers Love Us

4.96 Rating213 Reviews

Steven

Very happy with the level of service, helped us through every stage at no point did we feel like we didnt know what was going on.

1 month ago

Rebecca

Charlie was brilliant. Very friendly and efficient. Would definitely recommend.

2 months ago

nicholas

simple process with friendly and helpfull staff

3 months ago

Sarah

Fantastic, friendly service from a super efficient and highly knowledgeable team! This was the first time we've been through the process and we were fully supported at every stage.

3 months ago

Anonymous

Amazing team. Honest and helpful throughout. Malcolm is wonderful.

4 months ago

Lewis

Excellent, thorough service that is definitely worth the money.

4 months ago

Phil

Absolutely brilliant service from Conor and the rest of the team. I was provided clear details and guidance around my options and they made the process an absolute breeze. Really took the headache out of what can be a very stressful process. Would...

5 months ago

Raphaella

Brilliant service helping me to remortgage.

6 months ago

Katy

Matt and the team have been great. Quick turnaround from AIP to formal offer. Good advice and explained well in the initial stages. Overall very easy and simple process.

7 months ago

Nathan

Matt Collinson and his support team are brilliant, second time of using them and both times have been very smooth and simple! They have enabled to to exceed all my expectations the houses I would be able to purchase!

7 months ago

Reece

Very helpful, very efficient. Good service from a good team.

8 months ago

Anonymous

Made the remortgaging process very simple and completely painless! Highly recommend.

8 months ago

Anonymous

My industry generally uses fixed-term contracts and this complicated my situation when looking for my first mortgage. With my broker's help I was able to secure a mortgage and recently completed the purchase of a property. Thanks.

8 months ago

Grayson

smooth process throughtout. great communucation.would highly recommend to anyone looking for a mortgage broker.

8 months ago

Kieran

Helped me through my morgage process with no issues and was always just a phone call away to help me with any questions very great service throughout would highly recommend.

8 months ago

Mr.

Excellent advice given since I first started using their services. Honest and clear.

8 months ago

Chris

Fantastic service, Charlie and the UK Moneyman team went above and beyond to understand our financial situation and help us to get on the property ladder. Everything was patiently and clearly explained to us and we were kept up to date with the...

9 months ago

Anonymous

Excellent and personalised service

10 months ago

Alison

Have been very impressed. Certainly smoothed the whole process. Got a good deal on an atypical mortgage. Got an agreement in principle very quickly.

10 months ago

Simon

Excellent service

11 months ago

Our Simple Mortgage Process

Free Initial Mortgage Appointment

During your free initial mortgage appointment with a mortgage advisor in York, you’ll have the opportunity to discuss your financial situation.

They will conduct a comprehensive evaluation of your income and expenses to provide tailored guidance.

We Can Search 1000s of Mortgage Deals

In York, our team of specialists can explore 1000s deals specifically designed for first time buyers.

Following your mortgage appointment, we’ll arrange an agreement in principle (AIP) for you, typically within 24 hours. This serves as a valuable tool when making offers on a property.

Submit Your Mortgage Application

Once you have received an accepted offer on a property, our case managers will work with you to begin preparing your mortgage application.

Once we are ready to do so, we can send your application off to the mortgage lender.

Protecting You and Your Mortgage

Now that you have submitted your mortgage application, all that is left to do is to wait for the mortgage lender’s response!

Alongside the mortgage, we will recommend insurance products to protect you and your family in the future.

Why choose us for mortgage advice in York?

Open & honest

Part of our job as a mortgage broker in York is to be completely transparent 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. This is what we mean with open and honest mortgage advice in York.

7 days a week

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 initial mortgage appointment and start your mortgage process today.

Our reviews

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.

We can search 1000s of deals

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.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

We Search 1000s of First Time Buyer Mortgages in York

Common First Time Buyer Mortgage Scenarios

Our Mortgage Guides

First Time Buyer
Mortgage Guides in York

Remortgage
Guides in York

Moving Home
Mortgage Guides in York

Buy to Let
Mortgage Guides in York

Specialist
Mortgage Guides in York

Age 50+
Mortgage Guides in York

Yorkmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.

UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.

Purchase

Remortgage

Age 50+ Options

Mortgage Schemes

Specialist

Insurance

Guides

Our Service

Calculators

Your Perks

First Time BuyerMortgages in York