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First Time Buyer Mortgage Advice in Newcastle

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First Time Buyer Mortgage Advisor in Newcastle

Welcome to our First Time Buyers Mortgage Advice page, with over 10 years experience our expert Mortgage Advisors in Newcastle are here and ready to answer your call to help find you the perfect home that matches your circumstances.

 

Our team of Mortgage Advisors in Manchester aim is to help guide you through your mortgage progress to make it as smooth as it can be, putting your foot onto the property ladder. We understand how nerve-racking this can be, this is why we love to help, our team have dealt with sort of complex issue.

 

Not to mention we have heard from previous customers the difficultly and pressure estate agents can put on you. As an experienced Mortgage Broker in Newcastle, this is where we step in and take some stress off your back. If required, we can also act fast on your behalf.

 

Open & Honest Mortgage Advice in Newcastle

We consider all situations at Newcastlemoneyman, and we will try to get over every mortgage hurdle to ensure you come out with the best mortgage deal that is most suited to your circumstances.

 

We also offer a Free Initial Mortgage Consultation for All Customers, our Mortgage Advisors in Newcastle will let you choose how you want to receive this: email, call or text. To further discuss your mortgage options.

 

Renting vs Homeowner in Newcastle

Often, getting a mortgage can work out to be cheaper than renting. Have you considered buying off your landlord? In any case, this can be relatively simple speaking to an expert Mortgage Advisor in Newcastle to get a price agreed.

Are you Looking to Buy Your Council House?

We can help you with this, and we offer fantastic support when you need Right to Buy Mortgage Advice in Newcastle. We can also help with your purchase and provide help and guidance throughout the whole application process!

 

How does it work?Get a quote nowMeet your advisor

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

Mortgage Lenders 007

As an expert Mortgage Broker in Newcastle, we have helped many First Time Buyers in Newcastle onto the property ladder, and there is rarely a situation that we have not come across. Below are some popular First Time Buyer scenarios:

 

  • Curious of how much you can afford or what costs will be
  • Wanting to make an offer on a dream home, but need assistance in doing this
  • The purchase offer has been accepted and you’re in need of a mortgage application
  • Ready for a Mortgage Agreement in Principle
  • Bank won’t budge and you’re wondering what else you can do

 

Contact us to book your free mortgage consultation.

Why choose us for First Time Buyer Mortgage Advice in Newcastle?

Our brilliant team of advisors are available every day of the week from 8 AM until 10 PM. Can’t do those times? Some of our advisors may even be able to work later in order to help you achieve your dream.

 

Concerned about your situation? We’re able to search through thousands of deals, so chances are there’s something out there for you – Don’t worry, we’ve got your back on this!

 

We are always here for you, with no ties to banks, estate agents or building societies. Everything we do is in your best interests. Our advisors and admin staff will keep up their communication with you, avoiding jargon to make it as simple as possible for you.

 

The last thing you need as a First-Time Buyer is to be stressed out, so our team are always on hand to reassure you when things get overwhelming.

What our customers say

Common mortgage
questions

Your free mortgage consultation in Newcastle will last around one hour. We will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether or not you wish to proceed with the mortgage.

As your Mortgage broker in Newcastle, we carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for you. A credit check is then required for 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.

To avoid possible disappointment, we recommend you obtain an Agreement in Principle before you begin viewing properties in Newcastle. At the very latest you should obtain one prior to making an offer to assist your bargaining position.

An Agreement in Principle typically lasts for between 30 and 90 days depending on the lender used. If your Agreement in Principle expires it can always be refreshed.

It may be possible to get a second mortgage on your home in Newcastle for things like debt consolidation or home improvements. It may also be possible to take out a mortgage on a second property if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let. If you need to talk to a Specialist Mortgage Advisor in Newcastle, we are more than happy to have a chat about your second mortgage options.

The minimum deposit when purchasing a house in Newcastle with High Street Lenders is typically 5%. This can be higher if you have had previous credit problems.

If you have had credit problems you can still get a mortgage but you may possibly be required to put down a higher deposit than usual, perhaps 15% of the property purchase price. If you are struggling to get a mortgage because of past credit problems, get in touch with your Mortgage Broker in Newcastle and we will see if we can try and help!

Once you have submitted at least one year’s accounts, you will be able to get your mortgage journey in Newcastle started. Most lenders use your salary plus dividend to calculate the maximum mortgage, whereas others are known to go off your net profit.

It’s usually three payslips for an employee to prove income and the latest 2 years’ accounts for Self Employed applicants. You will also need to produce proof of ID, address and 3 months’ bank statements before you can get accepted for your mortgage in Newcastle.

Our free consultation typically lasts up to an hour or so. We can turn round an agreement in principle within 24 hours. A formal mortgage offer takes about three weeks on average. Before you know it you will have your mortgage secured in Newcastle.

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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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Newcastlemoneyman.com & Newcastlemoneyman 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 Newcastlemoneyman

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