First Time Buyer Mortgage Advice in Essex | Essexmoneyman

First Time Buyer Mortgage Advice in Essex

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If you are a First Time Buyer in Essex beginning your mortgage journey and taking that first step on the property ladder, our friendly team can provide a helping hand to achieve your home buying goals.

 

We provide a caring service as we understand that the home buying process can seem a little daunting with some ups and downs. Our hardworking team strive in making the mortgage process smooth and as stress-free as possible to reassure the customer.

 

We have helped numerous First Time Buyers on their mortgage journey as a trusted Mortgage Broker in Essex. One of our experienced Mortgage Advisor in Essex can by your side throughout the entire process, available to provide any help and questions you may have.

 

Can I Get a First Time Buyer Mortgage in Essex?

You might be taking that first step onto the property ladder but are wondering if you are eligible for a mortgage. Having a Mortgage Advisor in Essex by your side can help you in the long run as well as save you a lot of time.

 

When you are at the part in the process where you are prepared to make a mortgage application, your assigned advisor will match you up with a mortgage lender that fits with your circumstances.

 

An advisor can provide the help you need to match you with the lender’s criteria by assessing your affordability. The assessment carried out includes your dedicated Mortgage Advisor in Essex looking into your annual salary as well as any other income you bring in and look at your spending behaviour with looking at your outgoings, credit history and the overall management of your finances.

 

The mortgages available to you will depend on the amount of deposit you have.

 

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

Being a Mortgage Broker in Essex, we have access to a large panel of lenders as well as rich knowledge of a range of criteria. As mentioned, we carry out an assessment on your general finances and get a good understanding of your circumstances. With this, we can find you the best mortgage for your financial state.

 

Achieving your mortgage goals as a First Time Buyer in Essex can happen with the help of various government schemes that have helped many First Time Buyers on the property ladder before. Some of these schemes include Help to Buy Equity Loan, Lifetime ISAs, and the Right to Buy Scheme. If you are wanting more information about these schemes, have a look at our guides section of our website.

 

Our knowledgeable Mortgage Advisors in Essex are efficient in keeping up to date with the government schemes available and can answer any questions you may have about 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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First Time Buyer Mortgage Advice in Essex

Over the years as a trusted Mortgage Broker in Essex, we have helped a plethora of First Time Buyers start their mortgage journey by providing expert Mortgage Advice in Essex. We find that many scenarios are ones we have encountered before, below highlights some of the most popular ones.

How much can I borrow?

First Time Buyers in Essex usually reach out to us wanting an indication of the maximum amount they can borrow when they are just beginning the process. Our calculator page can provide with approximate figures. On the other hand, our knowledgeable Mortgage Advisors in Essex can provide you with a more accurate maximum loan amount.

Ready to Make an Offer

As soon as you have found your first home in Essex and are looking to proceed on making an offer, we advise that you look into getting a mortgage agreement in principle (AIP). This is a task our hard working Mortgage Advice team can help you with. With a mortgage agreement in principle by your side can be an advantage with it increasing your odds of having your offer accepted against other potential buyers.

You’ve Had an Offer Accepted

In the circumstance where you have had an offer accepted on a property, we can then begin the process of starting your full mortgage application. It’s always best to speak to a Mortgage Broker in Essex prior to making an offer. By doing this, you can see if you are eligible for a mortgage and can create your AIP to back up any offers you make.

Need an Agreement in Principle (AIP)

Again, it’s always best that you have an AIP sorted prior to making any offers. Our team can typically obtain you a mortgage agreement in principle within 24 hours. Having this in your possession can indicate to a vendor that you are in a good position to proceed and are serious.

Declined by your Bank or Building Society

In the unfortunate case in which you have initially gone to a bank for a mortgage and have been turned down, there is still a chance we can help you. There will be a range of reasons as to why the bank decline your mortgage application.

 

The benefit of being a Mortgage Broker in Essex is that we have access to a large panel of lenders who offer specialist products. With this in mind, we can review your circumstances and find you the most appropriate path as we proceed.

 

Please don’t hesitate to contact us or book your free online mortgage appointment to speak to a Mortgage Advisor in Essex if you are looking for First Time Buyer Mortgage Advice in Essex. We are here 7 days till late to answer any questions you may have. We look forward to speaking with you.

 

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

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

Many First Time Buyers in Essex have achieved their goals of getting onto property ladder with the help of our expert team of Mortgage Advisors in Essex.

 

Working 7 days a week until late, our Mortgage Advisor in Essex are available at a time that is best for you and your lifestyle. A free mortgage appointment is offered to all our new/existing customers which can be done over the telephone or via video call on Microsoft Teams.

 

You might be thinking that your situation is complex, however, we may still be able to help. With over 20 years of experience offering Mortgage Advice in Essex, we find that many of our customers are in mortgage scenarios that we have encountered on a daily basis.

 

Here at Essexmoneyman, we understand getting a mortgage can be a challenge, however, our friendly team are on hand to answer any questions you may have in the process. Providing high quality Mortgage Advice in Essex is what we strive for to help you achieve your mortgage goals.

 

Our team’s main goal with a customer is beyond finding them a mortgage. With the help of our various panel of lenders, we can search through 1000’s of First Time Buyer mortgage in order to find you the most appropriate deal for your situation.

 

As a Mortgage Broker in Essex, we strive to take the stress away from the home buying journey. Your assigned case handler will constantly update you on each part of the process, keeping any technical jargon to a minimum.

 

Whatever your situation may be, please do get in touch with us or book your free mortgage appointment to speak to a Mortgage Advisor in Essex today to see how we can help. We look forward in helping you to start achieving your mortgage goals.

 

Contact us to book your free mortgage appointment.

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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.

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.

Handy quick links

Essexmoneyman.com & Essexemoneyman 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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk


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

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