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First Time Buyer Mortgage Advice in Sheffield

Book a Free Appointment with a First Time Buyer Mortgage Advisor

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Holding your hand through the whole mortgage process!

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.


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

This all depends on your credit score. Typically, we find that first time buyers 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.


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

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.


There is the Help to Buy Equity Loan, 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.


How does it work?Get a quote nowMeet your advisor

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

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Common First Time Buyer Mortgage Scenarios in Sheffield

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.

How much can you borrow for a mortgage in Sheffield?

If you are struggling to work out how much you can borrow, you can either come to us directly 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.

Ready to make an offer on a property?

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!

Has your offer already been accepted?

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.

Looking for an agreement in principle ahead of your mortgage?

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.

Struggling to get accepted for a mortgage?

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 us guide you through the process.


Contact us to book your free mortgage appointment with a mortgage advisor in Sheffield.

Why choose us as your Mortgage Broker 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.

Fast & Friendly

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!

7 days a week

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 reviews

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.


We can search 1000s of deals

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!

What our customers say

Common mortgage

Your free mortgage consultation with a Mortgage Advisor in Sheffield will last approximately an hour. 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 an hour. 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.

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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UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
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