It's Free to Speak to an Advisor, 7 days, 8am - 10pm

First Time Buyer Mortgage Advice in Newcastle

It's free to speak with a mortgage advisor
7 days a week, 8am - 10pm

0191 432 9860 Speak to an Advisor - It's Free!
Reviews IO Logo

Read our 16 Reviews

Reviews Logo

First Time Buyer Mortgage Advice in Newcastle

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

Speak to an Advisor - It's Free!

Looking at Getting a First Time Buyer Mortgage in Newcastle?

If you are looking to purchase your first home, but are unsure of your eligibility for a mortgage, then you would benefit from speaking with a mortgage advisor in Newcastle.

When you are ready to apply for a mortgage, the lender will look at your affordability. They will assess your annual salary and any other income you have, along with your outgoings. On top of this, they will check your credit history and make sure that you are managing your finances. These factors will contribute to how much you can borrow.

Your deposit will also have an impact on the mortgages that are available to you. As a mortgage broker in Newcastle, we have extensive knowledge of lenders’ various criteria. With this knowledge, we are then able to look at your income, expenditure, and credit history to recommend the most suitable mortgage.

Video BG One Video BG Two
First Time Buyer Mortgage Advice in Newcastle

We will be with you throughout the whole process!

As a first time buyer in Newcastle, taking on such a significant purchase like a mortgage can be an exciting but potentially overwhelming experience if you have little knowledge of the mortgage world. This is where we can help, our team can provide a friendly hand to help guide you through the mortgage journey, answering any questions you may have along the way.

The first thing to mention is that the home-buying process can sometimes come with its hurdles, however, our knowledgeable team strive in providing you peace of mind and take any stress away.

Our extensive experience as a friendly mortgage broker in Newcastle has provided us with the opportunity to help a plethora of first time buyers with their home buying dreams. Throughout the process, one of our expert mortgage advisors in Newcastle can provide you with support and answer any queries you may have along the way.

How much can I borrow for a mortgage in Newcastle?

If you’re a first time buyer in Newcastle and you’re just starting the home-buying process, you might want to know the maximum amount you can borrow. Our mortgage calculators can give you an estimate of this figure. However, for a more accurate maximum loan amount, it’s best to speak to one of our mortgage advisors in Newcastle.

Video BG OneVideo BG Two
Speak to an Advisor - It's Free!

FAQs From First Time Buyers in Newcastle

Are there any schemes to help first time buyers in Newcastle?

Accorion Arrow

Currently, there are various government schemes to help first time buyers onto the property ladder. Including Help to Buy Equity Loan, Lifetime ISAs, and the Right to Buy Scheme. You can find further information on these schemes by navigating to the guides section of our website.

Our mortgage advisors in Newcastle are familiar with all the current government schemes available and will be able to help answer any questions that you may have regarding these.

Read to make an offer on a property in Newcastle?

Accorion Arrow

Once you’ve found your first home in Newcastle and are ready to make an offer, we recommend that you obtain a mortgage agreement in principle (AIP). Our mortgage advice team can help you with this. Having an AIP can increase your chances of having your offer accepted over other potential buyers.

Has your offer been accepted in Newcastle?

Accorion Arrow

Once you’ve secured a property, our mortgage advisors in Newcastle can jumpstart your mortgage application process. However, we recommend speaking to a mortgage broker in Newcastle beforehand to determine your mortgage eligibility and obtain an Agreement in Principle (AIP) to support your offers. Our team can typically secure an AIP within 24 hours, which will demonstrate your readiness and commitment to the lender.

Need an Agreement in Principle (AIP)

Accorion Arrow

If your bank has declined your mortgage application, our team may still be able to assist you. Banks can reject applications for a variety of reasons, but as an experienced mortgage broker in Newcastle, we have access to a broad range of lenders with specialised products. We will assess your situation and provide you with expert advice on the most appropriate path going forward.

Declined by your Bank or Building Society?

Accorion Arrow

Whether you’re a first time buyer or looking for a different mortgage type, we can provide expert mortgage advice in Newcastle. You can book a free online mortgage appointment with one of our expert mortgage advisors today, and we’ll be available 7 days a week, up until late hours, to answer any questions you may have. We’re eager to hear from you!

Reviews Stars5.00 Rating16 Reviews

Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

It’s important to discuss your financial situation with an expert mortgage advisor in Newcastle. During your free mortgage appointment, your allocated mortgage advisor will analyse your income and expenses to determine the maximum amount you can borrow as a first time buyer mortgage in Newcastle.

Contact us now to book your free mortgage consultation, and we’ll be happy to help you achieve your mortgage goals.

We Can Search 1000s of Mortgage Deals

Step 2

To help begin your journey towards homeownership, our team at Newcastlemoneyman has access to a wide range of lenders who offer various products tailored to first time buyers in Newcastle.

Following your appointment, we’ll move swiftly to secure your mortgage agreement in principle, which usually takes 24 hours to process. Having an AIP demonstrates to sellers that you are in a serious position to proceed.

Submit Your Mortgage Application

Step 3

Once your offer on a property is accepted, your dedicated mortgage advisor in Newcastle will submit your mortgage application and add any additional documentation required by the lender.

Throughout the mortgage process, your case manager will provide updates, and we’ll assist you from start to finish in obtaining the keys to your new home.

Protecting You and Your Mortgage

Step 4

In addition to finding you the most suitable first time buyer mortgage deal, our team will help you find insurance coverage to financially protect you and your loved ones.

Having insurance coverage when obtaining a mortgage provides a financial safety net in unforeseen circumstances such as death, disability, or job loss. Insurance products that cover mortgage payments ensure that the borrower’s family is not left with the burden of paying off the mortgage.

Why choose us for mortgage advice in Newcastle?

Free Mortgage Appointment

Accorion Arrow

by offering flexible appointment times. Our mortgage advisors work seven days a week until late, ensuring that we have availability at a time that suits your schedule. We want to make sure that you have access to our services when you need them, whether that’s during the day, in the evenings or on the weekends.

During your free mortgage consultation, which we usually carry out over the telephone or via a video call on Microsoft Teams, we’ll take the time to understand your individual circumstances and financial situation. We’ll then search through thousands of first-time buyer mortgages to find you the most suitable deal for your needs.

1000s of Deals

Accorion Arrow

We understand that finding the right mortgage is just the beginning. That’s why we’ll be with you every step of the way, right up until you get the keys to your dream home. Our dedicated case handler will keep you informed throughout the process, making sure you understand exactly what is happening and keeping the technical jargon to a minimum.

At our mortgage broker in Newcastle, we’re committed to making the home buying process as easy and stress-free as possible. We have the ability to search 1000’s of mortgage products to find the right deal for you. Contact us now to book your free mortgage consultation, and we’ll be happy to help you achieve your mortgage goals.

Our Service

Accorion Arrow

We have a team of mortgage advisors in Newcastle who have helped many first time buyers onto the property ladder in Newcastle.

Our team of mortgage advisors in Newcastle has helped many first-time buyers achieve their dream of homeownership in the city. We understand that the process of buying your first home can be overwhelming, and we’re here to make it as stress-free as possible.

7 days a Week

Accorion Arrow

If you’re concerned that your situation is too complex, don’t worry. With over 20 years of experience offering mortgage advice in Newcastle, there is rarely a mortgage scenario that we have not come across. Our team has the expertise and knowledge to provide you with the best possible advice and guidance.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

We Search 1000s of First Time Buyer Mortgages in Newcastle

Fleet Mortgages
Paragon Mortgages
TSB Mortgages
Halifax
Bluestone Mortgage Advice
BM Solutions Mortgages
Chorley Building Society
Precise Logo
HSBC
Nationwide
Skipton
Pepper Money
Mortgage Works
Coventry Building Society
Santander
Natwest Mortgage Advice
Newcastle Building Society
Kensington Logo
Accord Mortgages
Aldermore Mortgage Lender
Beverley Building Society
Kent Reliance
Virgin Money & Mortgages
Leeds Building Society
Scottish Widows
Foundation Home Loans

Common First Time Buyer Mortgage Scenarios

How much can you borrow for a mortgage in Newcastle?

Accorion Arrow

If you’re a first time buyer in Newcastle, it’s understandable that you may want to know how much you can borrow as early as possible in the home buying process. Having a rough idea of your borrowing capacity can help you set realistic expectations and narrow down your property search to homes that fit within your budget.

At our mortgage broker in Newcastle, we understand the importance of knowing your maximum borrowing capacity. That’s why we have calculators available on our website to help you get an idea of your borrowing potential. However, it’s important to keep in mind that these calculators provide only approximate figures, as they don’t take into account all of the factors that lenders will consider when assessing your mortgage application.

That’s where our mortgage advisors in Newcastle come in. Our team of experts can help you get a more accurate maximum loan amount by taking into account all of the factors that lenders will consider when assessing your mortgage application, such as your income, employment status, credit history, and other financial obligations. Our Advisors will also work with you to understand your individual circumstances and help you find a mortgage that suits your budget and lifestyle.

We understand that the home buying process can be overwhelming, especially for first time buyers in Newcastle. That’s why our team is here to provide you with the guidance and support you need to make informed decisions and achieve your goals. So if you’re a first time buyer looking to get an idea of your maximum loan amount, don’t hesitate to get in touch with our team of mortgage advisors in Newcastle today. We look forward to helping you on your journey to homeownership.

Ready to make an offer on a property?

Accorion Arrow

We understand that making an offer on a property can be an exciting yet nerve-wracking experience, especially for first time buyers. That’s why our mortgage advice team is here to assist you in making an informed offer and to help you get the best possible chance of having it accepted.

Our team of mortgage advisors in Newcastle can provide you with expert advice on how to make a successful offer on your dream property. We can help you determine a suitable offer based on market conditions, property location, and the condition of the property. Our team can also guide you through the negotiation process and help you make an offer if that is something that you would like us to do.

In addition, we can help you obtain a mortgage agreement in principle (AIP) before you make your offer. An AIP is a statement from a lender that indicates how much you can borrow, subject to conditions such as a property valuation and credit checks. Having an AIP in place before you make an offer can give you an advantage in a competitive market as it shows that you’re a serious buyer who has taken the necessary steps to secure financing.

Our mortgage advisors in Newcastle can help you obtain an AIP from a lender that best fits your individual needs and circumstances. Usually, we can arrange this within 24 hours of your mortgage appointment! We can guide you through the application process and provide advice on any additional documentation you may need to provide.

Has your offer already been accepted?

Accorion Arrow

Once your offer has been accepted, it’s time to get the ball rolling on your full mortgage application as soon as possible. Our Mortgage Advisors in Newcastle can help you with this process, starting with a review of your financial situation and advising you on the most suitable mortgage products available to you and the property.

We always recommend speaking to a mortgage broker in Newcastle before making any offers on a property. By doing so, we can check your eligibility for a mortgage and provide you with an accurate mortgage agreement in principle (AIP) to back up any offers you make. This will give you a clearer idea of your budget and help you avoid any disappointment if your offer is not accepted.

Our mortgage advisors in Newcastle will take the time to understand your individual needs and circumstances, guiding you through the full mortgage application process from start to finish. We’ll help you complete the necessary paperwork, gather all the required documentation, and submit your application to the lender on your behalf.

Throughout the process, we’ll keep you informed and updated on the progress of your application, and our team will be on hand to answer any questions you may have. Our aim is to make the mortgage application process as smooth and stress-free as possible, so you can focus on the exciting prospect of becoming a homeowner.

So if you’re a first time buyer in Newcastle who has had an offer accepted on a property, contact our mortgage advisors in Newcastle today to start the process of your full mortgage application. We look forward to helping you turn your dream of homeownership into a reality.

Have you been declined by your Bank or Building Society?

Accorion Arrow

If you’ve already approached your bank for a mortgage and have been declined, don’t worry – our team of mortgage advisors in Newcastle may still be able to help. There are a variety of reasons why a bank may decline a mortgage application, such as poor credit history or insufficient income. However, as a mortgage broker in Newcastle, we work with a range of lenders, some of which offer specialist products that may be more suitable for your individual circumstances.

Our mortgage advisors will take the time to understand why your mortgage application was declined and then look at alternative options for you. We’ll assess your eligibility for different types of mortgages and advise you on the most appropriate products for your needs. Our goal is to help you secure the best possible mortgage that fits your individual circumstances.

We understand that being declined for a mortgage can be disheartening, especially if you’re a first time buyer in Newcastle. However, our team is here to provide you with expert advice and guidance on the options available to you. We’ll work with you to find a solution that meets your needs and helps you achieve your dream of homeownership.

If you’re looking for first time buyer mortgage advice in Newcastle, don’t hesitate to get in touch with our team. We’re available seven days a week, and our team will be happy to answer any questions you may have. We pride ourselves on providing a friendly and professional service and look forward to speaking with you.

Free Mortgage Guides

Newcastlemoneyman.com & Newcastlemoneyman 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 www.register.fca.org.uk

Equity Release Council Logo Solla Later Life Logo
Facebook Image X Image Instagram Image YouTube Image LinkedIn Image SpotifyImage TikTok Image

Speak to an Advisor – It’s free!
7 Days a Week, 8am – 10pm

Speak to an Advisor – It’s Free Enquire Online 0191 432 9860
We use cookies to enhance your customer experience. More detailsGot It