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First Time Buyer Mortgage Advice in Sheffield

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Buying a house as a First-Time Buyer can be scary, especially without a Mortgage Broker in Sheffield like us on your side. We are here to hold your hand throughout the whole process, making those first steps onto the property ladder much easier.

 

Are you a First Time Buyer in Sheffield?

 

At Sheffieldmoneyman, we always aim to provide that amazing five-star service we go on about! This means keeping you up to date during every stage of the mortgage process, checking in on you to make sure that you feel comfortable with everything that is going on and finding you the best mortgage deal to suit your personal and financial situation. We have amazing Mortgage Advisors in Sheffield that will go above and beyond for you, making you, as a First-Time Buyer, feel comfortable at all time.

 

We know it can be difficult to wrap your head around all the different types of mortgages and credit scores and such. The service we offer is to make all of this much simple and easy for you to understand. We have been providing help and guidance within the mortgage industry for a very long time now helping countless First-Time Buyers along the way. We would love for you to be next!

How much deposit will I need?

We always get asked this question! Usually, you will need a 5% deposit, it is hard to find lenders that will accept any less. If you are lucky, you may have a gifted deposit. These are becoming more and more popular. First-Time Buyers who are struggling to get onto the property ladder will often find that family members or friends decide to give them that boost that they need.

 

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

With many years of experience as Mortgage Advisors in Sheffield, our dedicated team have helped many First-Time Buyers in Sheffield  take that initial leap onto the property ladder. We find that there is rarely a situation we have not encountered at least once before. Below are some popular First-Time Buyer scenarios we have heard from customers who get in touch with a Mortgage Broker in Sheffield:

  • Are you looking to get on the property ladder in the next few months and want a better idea of how much you can borrow?
  • Have you seen a house you like and want to make a reasonable offer to the estate agent?
  • Have you already had your offer accepted and excited to start the ball rolling your mortgage application?
  • Are you viewing houses and wanting a mortgage agreement in principle to back up any offers you hope to make in the near future?
  • Trying to get accepted for a mortgage?
  • Are you having problems and seeking mortgage help?

 

Contact us to book your free mortgage consultation with a Mortgage Advisor in Sheffield.

Why choose Sheffieldmoneyman as your Mortgage Broker in Sheffield?

As a company that dedicates itself to top quality Mortgage Advice in Sheffield, we pride ourselves on customer loyalty. This means no ties to Banks, Building Societies or Estate Agents – We work solely for you! Our Mortgage Advisors in Sheffield will do their best to make the process as stress-less as possible, avoiding industry jargon and making sure you enjoy a clear and simple process.

  • We’re on your side! We’ll be open and honest with you all the way.
  • It’s our job to make you feel relaxed and comfortable right from your initial enquiry through to you getting your keys.
  • We pride ourselves on our customer service, please read our genuine reviews at Reviews.co.uk.
  • We can provide Mortgage Advice in Sheffield! We’ll work around your work and family commitments.
  • Unlike your bank, we are able to search 1000’s of First-Time Buyer mortgages on your behalf to recommend the most suitable one for you.

Contact us today and receive a free mortgage consultation with a Mortgage Advisor in Sheffield.

What our customers say

Common mortgage
questions

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 this is one, we can arrange an agreement in principle for you within 24 hours. A formal offer takes up to three weeks on average.

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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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Sheffieldmoneyman.com & Sheffieldmoneyman 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 Sheffieldmoneyman

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