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First Time Buyer Mortgage Advice in Essex

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

It’s understandable if you’re nervous as a First Time Buyer and that you may feel a little anxious about the process – The market holds a lot of competition and Estate Agents do tend to apply abit of pressure to First Time Buyers in Essex. Our Mortgage Advisors in Essex will go at the pace you want only to work effectively alongside you in order to ensure your property-owning dreams come to life.

Finding The Right Deal | Mortgage Advisor in Essex

It’s our job as a Mortgage Broker in Essex to search through thousands of mortgage deals, to find the right mortgage based on your circumstances. Whether you’re buying for yourself, with a friend/partner, or are having mortgage problems in Essex, our Mortgage Advisors in Essex can usually help. Having your Agreement in Principle handy at all times is a good idea, especially if you’re ready to make an offer. We are able to help you out with this with impartial Mortgage Advice in Essex.

 

How Much Deposit Will I Need?

The minimum deposit required for a first-time buyer in Essex is 5%. Deposit can come from your own savings or even a gifted deposit from a friend or family member. In some cases, you can have a combination of both gift and savings.

 

Are You Currently Renting?

In many cases, buying a property and taking out a mortgage can be cheaper than privately renting. If you’ve thought about buying the property you’re currently in from your landlord or housing association, it’s worth checking your eligibility for the Right to Buy Scheme. Speaking to your local authority should allow clarification on this.

 

 

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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First Time Buyer Mortgage Advice in Essex

  • Are you trying to get an idea of how much you’re able to borrow ahead of time and how much it may cost before viewing properties?
  • Already seen a property that you want and hope to make an offer?
  • Had your offer already accepted and want to proceed with your mortgage application?
  • After a Mortgage Agreement in Principle Certificate to back-up any offers you are wanting to carry out as soon as possible?
  • Already visited your Bank’s Mortgage Advisor and been declined? i.e. poor credit, income mix, the bank won’t lend enough, not fitting their lending criteria etc
  • Do you have an unusual or complex mortgage situation and need help?

Contact us your Mortgage Broker in Essex to book your free mortgage consultation.

How We May Able to Help

During the time that you’re with us, we make sure only to work with the information that you work with us and the aim that you have in mind for your mortgage. This is why we make sure to stay away from estate agents, banks and building societies. When our Mortgage team in Essex deal with your application, they will make sure to keep the process simplified and as stress-free as possible without industry jargon. We make sure they also go the extra mile to source conveyancing and Solictor quotes for you – We’re with you for the whole journey!

 

Contact us to book your free mortgage consultation.

What our customers say

Common mortgage
questions

Your free initial mortgage consultation in Essex will last roughly around one hour. Your mortgage advisor will then recommend a mortgage for you with no obligation for you to proceed and you are then able to decide whether or not you wish to go ahead with the mortgage.

As your mortgage broker in Essex, we will need to carry out a Fact Find to establish what your needs are, prior to us recommending the most suitable mortgage for you and your circumstances. A credit check will be required for an Agreement in Principle. Once you have provided all the relevant documentation and a valuation of the property has been undertaken, you will be able to receive a formal mortgage offer.

To avoid the potential of having an offer rejected, we recommend you obtain an Agreement in Principle before viewing properties in Essex. We recommend that at the very latest, you should obtain one before you look at making an offer, as this can assist your bargaining position.

Your Agreement in Principle will usually last for between 30 and 90 days, depending on the lender that you go with. If it happens to expire, your mortgage broker in Essex can easily refresh this.

If you’re thinking about the future of your property, whether you’re looking at debt consolidation or home improvements, you may eligible for a second mortgage. This may also be a possible option if you’re wanting to use it for yourself, a family member, a holiday home or a Buy to Let.

The minimum deposit required by a high street lender when purchasing a house in Essex, is typically 5%. If you have had past credit issues, this could be higher.

If you have had previous credit problems, the good news is you can still get a mortgage, though you may possibly have to put down a higher deposit than those with good credit, often around 15% of the property purchase price.

Once you have put forward at least one year’s accounts, you will be able to get a mortgage. A vast amount of lenders will use your salary plus dividend to determine the maximum mortgage you are eligible for, whereas others may go off your net profit.

For an employee to prove their income, they’re usually required to provide three payslips, whilst for self-employed applicants they’ll need the latest 2 years’ accounts. You will also need to present the lender with proof of ID, address and the latest 3 months’ bank statements.

When you engage in a free mortgage consultation with one of our Mortgage Advisors in Essex, your discussion will take around one hour. Our team can usually produce an Agreement in Principle within 24 hours of your appointment and achieve a formal mortgage offer within 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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Essexmoneyman.com & Essexemoneyman 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.


Essexmoneyman, Elizabeth House, 28 Baddow Road, Chelmsford, Essex, CM2 0DG.

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