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First Time Buyer Mortgage Advice in Doncaster

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We’ll be With you Every Step of the way!

Buying a home is a serious financial commitment, therefore, we understand that there can be a lot of nerves when it comes to being a First Time Buyer. Finding your dream first home can be exciting and something we would love to help you with!

 

With over twenty years of exceptional mortgage experience, our expert Mortgage Advisors in Doncaster are here to help you along with your mortgage journey.

 

 

Here at Doncastermoneyman, we strive to make your journey as fluid and easy as possible. We understand every customer’s circumstances are different and there is a possibility we have dealt with a situation similar to yours before. This could be moving into a new property on your own or with a friend/relative or something more complex.

 

 

When it comes to making an offer, it’s best that you are prepared with a Mortgage Agreement in Principle. If you are unsure, don’t panic, we are able to help you out with this.

 

 

With the competitive market and securing a property with your estate agent, you may feel a lot of pressure when it comes to being a First Time Buyer. As a caring Mortgage Broker in Doncaster, this is where we take action and support you in relieving the stress. If needed, we can work at a speed that fits your circumstance.

 

 

It can be overwhelming to choose the appropriate mortgage due to the variety of different types available on the market.

 

Open & Honest Mortgage Advice in Doncaster

 

Getting over every mortgage obstacle is something we aim to do at Doncastermoneyman. Our dedicated team will work hard, finding the most appropriate outcome for your personal circumstances.

 

A free Initial Mortgage Appointment is offered to all customers. If you are looking at discussing your mortgage options, check out our contact page so you can speak with one of our knowledgeable advisors and take advantage of expert mortgage advice in Doncaster.

 

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 in Doncaster for First Time Buyers

Throughout our substantial amount of experience in working as a Mortgage Broker in Doncaster, we have had the opportunity to work with many First Time Buyers.

 

In working through their individual circumstances, we often find that we have dealt with similar situations before. Here are some of the ways we can help:

  • Obtaining an Agreement in Principle, in order to back up your offer you made with the estate agent.
  • Organising your monthly budget based on your affordability.
  • Providing information on the different types of property surveys available to you.
  • Taking you through the steps in completing your mortgage application, through to getting you a mortgage offer.
  • Sourcing a local solicitor who is competitively priced and provides high service standards (if needed).
  • Making sure your details are correct by going through your mortgage offer(s).
  • If required, advising any associated insurances with your new mortgage.

 

Have you Run into any Mortgage Hurdles so far?

One common mortgage hurdle that we usually find clients enquiring about, is them being in some difficulty with their bank during the mortgage process. This could be for the following reasons:

  • The type of property you are purchasing.
  • How your salary is structured and the type of employment you’re in i.e. self-employed.
  • You’re in a circumstance where you are buying off or are with a family member.
  • The property you have been buying has been undervalued.
  • Your bank has declined your application or they won’t lend enough.
  • Deciding to buy the property from your landlord.

 

If any of these situations relate to you, it’s key to know that trying a plethora of different lenders, without fully understanding their strict lending criteria, is not the best option.

 

The reason for this is that it can create the risk of not getting a mortgage due to the negative effect it can have on your credit score.

 

Contact us to book your free mortgage appointment.

We Work Solely For You

With no links to Banks, Building Societies, or Estate Agents, we are on the customer’s side. We invest in having your best interest at heart! Making the process stress-free is a goal our mortgage advice team strives to do as well as keeping things impartial and simple.

 

You have the option for us to speak to the estate agent on your behalf when it comes to making an offer if this is something you would like to do. Furthermore, we can help with sourcing conveyancing and solicitors’ quotes for you.

 

How Much Deposit Will You Need?

It’s common that the minimum deposit you will need for a property purchase is 5%. There are some instances where your family member or friend could give you a gifted deposit. You can learn more about these in our guides section or by speaking to a mortgage advisor in Doncaster.

 

First Time Buyers in Doncaster will be able to find affordable housing across the area. It may be appealing to prospective buyers due to the commute in and around the city center being easily accessible. This means that properties are more reasonably priced and within a good distance of everything.

 

Currently Renting?

You may find obtaining a mortgage can be a cheaper option than renting. Buying off your landlord can be an option and this can be quite straightforward with the help of a knowledgeable Mortgage Broker in Doncaster to get an agreed price.

 

Are you Looking to Buy Your Council House?

With our guidance and support, you may also be able to utilise the Right to Buy Scheme in Doncaster. We will be with you throughout every step of the mortgage process!

 

Are you a First Time Buyer in Doncaster?

With bundles of experience within the mortgage market, Doncastermoneyman will work hard to provide a friendly and knowledgeable service to every customer. Our expert mortgage advisors will try to seek out the most appropriate mortgage lender that is fitting for your personal situation.

 

Contact us to book your free mortgage appointment.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation in Doncaster will last roughly one hour. We will then be on our way to recommending a mortgage for you, where you have no obligation for you to proceed. If you’d rather not take it and step back for a time, you have every right to do so.

Your mortgage advisor in Doncaster will carry out a Fact Find to establish your personal mortgage needs, before recommending the most suitable mortgage for your situation. A credit check will then be required in order for you to obtain an Agreement in Principle, which we are able to help with. Once you have provided the lener with all the relevant documentation, and you have had a valuation of the property completed, a formal mortgage offer can then be issued.

To avoid finding yourself disappointed when viewing and making offers on properties, we recommend you obtain an Agreement in Principle ahead of time. At the very latest, we recommend that you obtain one prior to making an offer, as this will assist your bargaining position.

An Agreement in Principle will usually last for between 30 and 90 days depending on the Lender that you are with. If your Agreement in Principle expires, you can easily have it refreshed.

You may have the option of taking out a second mortgage on your home for things like debt consolidation or any potential Home Improvements. It may also be possible to take out a mortgage on a second property to use on yourself, for a family member, a holiday home or even a Buy to Let.

The minimum deposit a lender will require when purchasing a house in Doncaster is around 5%. This figure can possibly be higher if you have had previous credit problems, but entirely depends on the lender.

If you’ve had credit problems previously, you may still have a chance at getting a mortgage, but you may possibly be required to put down a higher deposit than for the property than you might have if you had with good credit. This can often be 15% of the property purchase price.

You are able to get a mortgage, once you have submitted at least one year’s accounts. The majority of Lenders use your salary plus dividend to calculate the maximum mortgage amount you can borrow, whereas others will go off your net profit.

You’ll generally be required to send three payslips if you are a standard employee to prove income and the latest 2 years’ accounts for self-employed. You will also need to produce proof of ID, proof of address and the previous 3 months’ bank statements.

The free mortgage consultation that you receive when getting in touch, will typically last up to an hour. We can help you obtain an agreement in principle within 24 hours of this consultation, with a formal mortgage offer taking on average about three weeks.

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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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Doncastermoneyman.com & Doncastermoneyman 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.

© 2021 Doncastermoneyman

Doncastermoneyman, 3 Cavendish Court, South Parade, Doncaster, DN1 2DJ.

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