First Time Buyer Mortgage Advice in Newcastle

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Are you a First Time Buyer in Newcastle? If so, we can help you along your journey to getting the keys to your dream first home. It’s not uncommon to feel a little overwhelmed and daunted by the whole home buying process, but rest assured, our team is here to put your mind at rest and take as much of the stress away as possible.


As a Mortgage Broker in Newcastle, we have helped many First Time Buyers achieve their mortgage goals. It’s not just about finding you the best mortgage, our Mortgage Advisors in Newcastle will hold your hand right through the process, answering any questions that you may have along the way.

Can I Get 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.

Are There Any Schemes to Help First Time Buyers in Newcastle?

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

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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Mortgage Advice for First Time Buyers

Throughout our many years of providing expert, personalised mortgage advice in Newcastle, we have helped a lot of First Time Buyers take their initial step onto the property ladder.


Below we have put together an outline of the most popular scenarios we regularly come across when helping First Time Buyers.

How Much Can I Borrow?

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

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.

You’ve Had an Offer Accepted on a Property

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.

Declined by your Bank or Building Society

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.

Why choose us to help you buy your first home in Newcastle?

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.


One of the ways we do this is 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.


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.


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

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Common mortgage

Your free mortgage consultation in Newcastle will last approximately about one hour. We will then recommend a mortgage for you, where you have no obligation for you to proceed and then it is your choice whether or not you wish to proceed with the mortgage.

As your Mortgage broker in Newcastle, we will carry out a Fact Find with you to establish your personal & financial needs before we recommend the most suitable mortgage for your circumstances. A credit check will then be required for you to obtain an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you can then be issued a formal mortgage offer.

To avoid possible disappointment, we would highly suggest that you obtain an Agreement in Principle before you begin viewing a potential new home in Newcastle. At the very latest you should try to obtain one prior to making any offers to help with your bargaining position.

The standard for how long an Agreement in Principle will last is between 30 and 90 days, depending on the lender used. If your Agreement in Principle expires it can be easily refreshed with the help of your advisor.

You may have the option to get a second mortgage on your home in Newcastle for something like debt consolidation or home improvements. It may also be possible for you to take out a mortgage on a second property if you’re looking to potentially use it for yourself, a family member, a holiday home or a Buy-to-Let. If you require the help of a Specialist Mortgage Advisor in Newcastle, we are more than happy to have a chat about your options for a second mortgage.

The minimum deposit that will be required when purchasing a house in Newcastle with High Street Lenders is usually 5%. This, however, can be higher if you have had prior credit issues.

If you have had credit problems you may still have some options to get a mortgage but this require extra steps, such as being asked to put down a higher deposit than usual, potentially 15% of the property purchase price. If you are having difficulty in trying to obtain a mortgage because of past credit problems, please feel free to get in touch with your Mortgage Broker in Newcastle and we will see how we are able to help!

Once you have submitted at least one year’s accounts, you will be able to begin your mortgage process in Newcastle. Most lenders will use a sum of salary plus dividend to calculate the maximum mortgage, whereas others are known to use your net profit.

You’ll find that the lenders will usually want to see three payslips from an employee to prove their income and the latest 2 years’ accounts for Self-Employed applicants. You will also need to provide the lender with proof of ID, address and 3 months’ bank statements before they will accept you for a mortgage in Newcastle.

Our free consultation will usually last around an hour or so. Our advisors are able to turn round an agreement in principle within 24 hours of your appointment. A formal mortgage offer will on average take about three weeks. Before you know it you will have your mortgage secured in Newcastle.

We make it so easy!
Our 4 step process

1. Free Mortgage Consultation

An initial discussion with your Mortgage Advisor in Newcastle, taking some details about your situation and how we will proceed.

2. Mortgage Search & AIP

After your initial consultation, we will go and search 1000’s of first time buyer deals. If you're happy with our recommendation we will go ahead and get your mortgage agreed in principle (AIP).

3. Find Your Dream First Home

Armed with your AIP, it's time find your first home in Newcastle and then make an offer on the property you've set your heart on.

4. Offer Accepted

Once your offer has been accepted. It is back to your Mortgage Broker in Newcastle to carry out all the paperwork and submit your full application. We'll be by your side right through to getting the 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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