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First Time Buyer Mortgage Advice in Liverpool

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0151 438 2295

We’ll be With you Every Step of the way!

The home buying process can be understandably daunting, especially if it’s your first time trying something like this. There’s a lot of competition on the market, and the estate agent doesn’t make it any easier. Our experienced team of friendly Mortgage Advisors in Liverpool will work alongside you, to ensure your property-owning dreams become a reality.

 

First Time Buyer Mortgage Advice in Liverpool

It’s our job to navigate through thousands of deals, with the aim of finding the appropriate one for your personal circumstances. No matter whether you’re buying a property by yourself, with a friend or partner, or are having a hard time, we’d love to have a go at helping you out.

 

It’s always worth having your agreement in principle on hand, especially if you’re ready to make an offer on a property. Our advisors will be able to help you out with this.

 

How does it work?Get a quote nowMeet your advisor

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

Common First Time Buyer Mortgage Scenarios

We have your best interests at heart, without any ties to estate agents, banks or building societies. As a dedicated and experienced Mortgage Broker in Liverpool, our team will do their best to make the process as simplified & stress-less as possible, free of industry jargon. Here are some of likely First Time Buyer mortgage scenarios that we commonly come across:

  • Wondering how much you may be able to borrow or what your repayments could be?
  • In need of some help to make an offer on a property you like?
  • Had an offer accepted and want to get started on your mortgage application?
  • You’re facing some difficulties and would like some assistance?

 

Contact us to book your free mortgage consultation.

How much will I need for my deposit?

First-Time Buyers only require a minimum deposit of 5%. The deposit can come from your own savings or even a gifted deposit from a friend or family member. You are also able to have a combination of both gift and savings, depending on circumstance.

 

Currently renting?

In many cases, buying a property and taking out a mortgage can be cheaper than renting privately. If you’ve thought about buying the property you’re currently renting from your landlord or housing association, it’s worth checking your eligibility for the Right to Buy scheme. Speaking to your local authority can help clarify this for you.

 

Are you a First-Time Buyer looking for Mortgage Advice in Liverpool? If so, then please get in touch by calling 0151 438 2295 or drop us a message.

What our customers say

Common mortgage
questions

Your free mortgage consultation with Liverpoolmoneyman will last around an hour. After your details have been taken, a Mortgage Advisor in Liverpool will then search through thousands of mortgage deals to find a perfect matching deal for you. Once we recommend the deal, you can decide whether to proceed with us or not, it’s completely up to you!

As your mortgage broker in Liverpool, we will need to carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is always required for you to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

We always recommend that you obtain an Agreement in Principle before you start viewing properties in Liverpool, as they can potentially put you in front of other buyers who don’t have one. Lenders will like the fact that you have prepared before making an offer.

An Agreement in Principle typically remains valid for between 30 and 90 days, but this can change depending on your Lender. If your Agreement in Principle expires it can always be refreshed.

Yes, you can get a second mortgage. You can take out a second mortgage for your current home for things like debt consolidation and home improvements. It is also possible to take out a second mortgage for another property if you want. Usually, this situation comes about when people are interested in a holiday home, are buying for a friend/family member or want a Let to Buy or Buy to Let.

The minimum deposit when buying a house in Liverpool with High Street Lenders is typically 5%. You will rarely find lenders that will accept a minimum of less than 5%. This minimum can be higher if you have had bad credit in the past.

It is possible but it can be a bit tricky though. When you have had previous credit problems your minimum deposit that is required could rise, we have seen it at 15% before. Having a Specialist Mortgage Broker in Liverpool could really help you get back on track in situations like these.

After you have proven at least one year’s accounts to your lender, you should be able to get a mortgage. Most lenders will use your salary plus dividend to work out your maximum mortgage, however, some can go off your net profit.

If you’re an employee, you will usually have to supply three payslips in order to prove your income. If you are self employed its normally the latest 2 years’ accounts. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free initial mortgage consultation can last up to an hour. After we have all of your information we can get you an Agreement in Principle within 24 hours or your phone call. On average, a formal mortgage offer takes about three weeks.

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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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Liverpoolmoneyman.com & Liverpoolmoneyman 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.

© 2020 Liverpoolmoneyman

Liverpoolmoneyman, Rodney Chambers, 40 Rodney Street, Liverpool, L1 9AA.

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