Read our 188 Reviews
In a world where mortgages are huge financial commitments, as a first time buyer, it can be a little scary to get your process started. As a mortgage broker in Sheffield, it’s our job to take all of the stress away and hold your hand through the whole process.
It’s not just about getting a mortgage it’s about the journey and how you got there. We will make the process simple and tell you everything that is going on at all times; your mortgage advisor will be right by your side from start to finish.
This all depends on your credit score. As a mortgage broker in Sheffield, we have found that first time buyers usually have a good credit score, and with a good credit score, you may be able to access better mortgage rates and be able to put down a lower deposit, e.g. 5%.
On the other hand, if you are a first time buyer with a low credit score, you may only be access lower rates and have to put down a higher deposit, such as 10-15%.
Your deposit amount will also vary depending on the property that you’re looking to buy. The more expensive the property, the higher the initial deposit you’ll have to put down.
If you can’t quite reach the minimum deposit requirement, you could take a look at utilising government mortgage schemes. These schemes were introduced to help first time buyers like yourself onto the property ladder. Book in a free mortgage appointment with one of our mortgage advisors in Sheffield to discuss all of your options, including the different government schemes available.
There is the Lifetime ISA, Shared Ownership, Mortgage Guarantee Scheme, the First Home Scheme and many more. Each one of these schemes can help you get onto the property ladder in some way. Of course, you’ll have to qualify for them first. That’s where we come in, your mortgage broker in Sheffield is here to help!
For further first time buyer mortgage advice in Sheffield and explanations of each government mortgage scheme, get in touch with our team today. Our mortgage advisors in Sheffield can help you apply for a mortgage and check whether you can access any of these schemes.
After helping thousands of first time buyers achieve their mortgage dreams, we’ve encountered many of the same if not similar mortgage scenarios. From time to time, we may come across a difficult mortgage scenario that we’ve not seen before; no matter the circumstance, we will not give up without trying to get by the problem.
Here are some of the most common mortgage scenarios that we come across as a mortgage broker in Sheffield.
If you are struggling to work out how much you can borrow, you can either get in touch with one of our mortgage advisors in Sheffield or get a rough estimation by using our affordability calculator.
Depending on various factors, such as your income and earnings, the amount that you can borrow will change. We will be able to give you an accurate figure once we have carried out our free affordability assessment on you.
Once you’ve found a property that you want to make an offer on, you now need to arrange the mortgage part of the process. Once you’re ready to move onto this stage, you can easily book a free mortgage appointment online with a mortgage advisor in Sheffield.
In some cases, we will have availability for the same day, meaning that you can speak to an expert straight away!
An accepted offer means that you need to get your mortgage process started right away!
Preparing your mortgage application with a mortgage broker in Sheffield can often speed up the mortgage process. We know what we are doing, we have been in this game for over 20 years.
An AIP is a ‘must have’ for your mortgage journey. They will help you through most stages of the process. An agreement in principle shows your seller that you can continue straight away. You just need to provide evidential documents to support your application – our team will help you with all of this.
If you’re struggling to make it through the mortgage on your own, you should get help from a mortgage expert.
There’s nothing wrong with getting help! If you’re looking for help, take our hand and let a mortgage broker in Sheffield like us, guide you through the process.
Contact us to book your free mortgage appointment with a mortgage advisor in Sheffield.
There are many reasons to choose a mortgage broker in Sheffield over a bank or building society, however, why choose Sheffieldmoneyman over other mortgage brokers?
A mortgage broker like us works solely for you, we will always want the best for you.
Our job is to provide you with a fast and friendly mortgage advice service. We will try and find you a mortgage product perfect for your personal and financial situation.
You can book in your free mortgage appointment online by using our new booking feature. It’s quick and simple, like our mortgage advice in Sheffield!
Speaking of booking in your free mortgage consultation, we are available 7 days a week. This means that you can book in your own appointment with a mortgage advisor in Sheffield at a time that suits you best. We are also open during out of office hours, therefore, you can book in before or after work.
Our excellent customer reviews are a great representation of our service. We have built up a large number of reviews from our happy customers, take a look if you’re interested.
As a responsive mortgage broker in Sheffield, customer service is at the heart of the company, we want to make sure that you feel comfortable and secure during every step of the process.
As a mortgage broker in Sheffield, we have access to many competitive mortgage products. With over 30 lenders on panel and a great relationship with each one of them, we may just be able to find you that one in a hundred deal that you were looking for!
4.95 Rating188 Reviews
Hannah
Great service. Patiently explained the process and always quick to help and advise. Really recommend Wayne!
Jonathan
Really good to deal with highly recommended very professional and very friendly and helpful Tom Bowes was really good with us and helped us alot.
Morgan
We’re very impressed with our experience with UK MoneyMan! Me and my partner are first time buyers, from the first phone call with Dinah, to the case manager Stacey, everything has been so smooth, every question I had was answered quickly and had...
Kristian
I went to Malcolm for advice as my mortgage was up for renewal and I wanted to discuss other options. Both Malcolm and Lyndsey have been extremely helpful and informative throughout. I will definitely be using them again in the future.
Keeley
Massive thank you to Charlie and the rest of the team at UK Moneyman for helping us get our first mortgage. They went through everything in detail and explained things further when we needed them to. Couldn’t have done it without them
Millie
Very very good service. 5 Stars. Everybody was super helpful, from start to finish. Made a stressful situation so much easier!
Jordan
We have nothing but great things to say about Sheffield Money Man. Hugely helpful, personalised advice for our complex situation. Everybody we spoke to was incredibly helpful. We would 100% recommend them to our friends and family.
Martyn
This is the second time we’ve used Sheffield moneyman and couldn’t recommend them highly enough. They put their customer needs first, are kind, open and friendly and of course first class for finding mortgages:)
Rukhsaar
Super helpful and quick process! Leo was really clear and made sure to keep me updated
Guiseppe
Happy with the service received from Meghan and Tom. Helped my partner and I secure a mortgage offer during the most difficult economic time seen in decades. Took a lot of the worry and concern away from us and available to offer carefully guided...
Abigail
Wendy and Jason couldn’t have made this process any easier for us. Quick replies and chasing the lender and solicitor on our behalf. We got the best deal we could have hoped for which really will be life changing for us and our daughter. Thankyou...
Christine
Dan was extremely helpful and knowledgeable from start to finish. Would definitely recommend.
Gareth
From the very start, Charlie was an absolute god send. Took his time explaining every detail of the process and was very upfront about what timescales were going to look like. Even when he was away on holiday, still took time to drop me a quick...
Rachel
These are a fantastic mortgage brokers, they are very knowledgeable and break it down so you understand everything. They keep you up-to-date all the time with anything that happens. They have saved us quite abit of money too. They been...
Emily
Tom, Chloe and the team have all been very helpful in securing us a mortgage! They explained the process extremely well as we are first time buyers and so didn't know what to expect. They were always prompt with their responses and were happy to...
Luke
Amazing service! To say I have a bad credit history would be an understatement and UK Moneyman helped me get my life turned round in 3 months! Would recommend them to anyone wanting a mortgage. Thankyou Wayne for the amazing help.
Keith
Very good advi e and assistance to help us find the right deal
Jun
We are so lucky to find the best broker team here to help us buying a house,after they submitted the application，they will still help you every step and monitor the mortgage progress,let you know what happened immediately,You can absolutely...
Natalie
Amazing service, thank you so much.
Luke
Very helpful from start to finish. Polite, understanding and willing. Talked us through all of our options and the products available to us and stayed in contact at every step to keep us updated. Very friendly and will 100% use them again when it...
Your free mortgage consultation with a Mortgage Advisor in Sheffield will last approximately 30 mins. Once they have evaluated your situation, they will recommend a mortgage for you with no obligation for you to proceed. Based on the deal, you can decide whether or not you want to continue the process with us or not.
As a trusted Mortgage Broker in Sheffield, we carry out a fact find to verify your needs before recommending you with a mortgage deal. After a Mortgage Advisor in Sheffield has evaluated your situation, they will perform a credit check on you, this is required for an agreement in principle. Then after you have provided all of the relevant documentation and a valuation of the property has been carried out, a formal mortgage offer can be issued.
We always advise that you obtain an agreement in principle before you start viewing properties in Sheffield, to avoid disappointment. If you want to get yourselves a head start, you should get one prior to making an offer.
Typically, an agreement in principle lasts for between 30 and 90 days, however, this can change depending on your lender in Sheffield. If your agreement in principle expires, you can renew it quite easily.
Yes, you can get a second mortgage. Whether this is for debt consolidation or home improvements, this is possible. It is also possible to take out a second mortgage on a second property but only if it is own use, the use of a family member, a holiday home or a Buy to Let.
To buy a property in Sheffield, you will need to meet a minimum deposit. Typically, with high street lenders, this is usually 5%. This percentage can be higher if you have previous credit problems.
It will be harder but yes you can. You will have to show that you can afford a mortgage by putting down a higher deposit, perhaps 10% or 15% of the purchase price.
Yes, however, you must submit at least one years’ accounts. Most lenders use your salary + dividend to calculate the maximum mortgage, whereas other lenders in Sheffield could base it of your net profit.
If you are an employee, you will need to provide three payslips to prove your income. If you are Self Employed in Sheffield, you will have to prove for the latest 2 years’ accounts. Along with this, you must produce proof of ID, address and 3 months’ bank statements.
Our free mortgage consultation in Sheffield will take about 30 mins. Once your consultation is completed, we can arrange an agreement in principle for you within 24 hours. A formal offer takes up to three weeks on average.
A telephone test 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.
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.
