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First Time Buyer
Mortgages in York

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7 days a week, 8am - 10pm

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First Time Buyer
Mortgages in York

Are you a first time buyer in York? Discover your borrowing potential and move closer to securing your dream home. Start your mortgage journey with an expert today.

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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.

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First Time Buyer<br>Mortgages in York

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%.

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FAQ's From First Time Buyers in York

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

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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?

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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?

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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?

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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.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

During your free 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

Step 2

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

Step 3

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

Step 4

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

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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

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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.

Our reviews

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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

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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 York

We Search 1000s of First Time Buyer Mortgages in York

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Common First Time Buyer Mortgage Scenarios

How Much Can I Borrow?

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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.

Ready to Make an Offer

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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.

You’ve Had an Offer Accepted

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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.

Need an Agreement in Principle (AIP)

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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.

Declined By Your Bank or Building Society

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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.

Free Mortgage Guides & Yorkmoneyman 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: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at

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