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First Time Buyer Mortgage Advice in Doncaster

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First Time Buyer Mortgage Advice in Doncaster

Are you a first time buyer in Doncaster? Discover your borrowing potential and move closer to securing your dream home. Start your mortgage journey with an expert today.

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Looking at Getting a First Time Buyer Mortgage in Doncaster?

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 advisor 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.

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First Time Buyer Mortgage Advice in Doncaster

We will be With you Throughout the Whole Process!

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.

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 much deposit do I need to apply for a mortgage?

The amount of deposit you need should be a minimum of approximately 5-10%, this will vary depending on how well your credit score is. A common drawback for young First Time Buyers is that they don’t have a strong enough credit score to begin with.

We tend to find as an experienced Mortgage Broker in Doncaster that First Time Buyers who have a credit score will usually have a good one. If you are in this position, it’s possible that you have access to a higher loan-to-value (%), like a 90-95% mortgage.

Despite this, there is some cases where a First Time Buyer has a lower credit score. This can limit the amount of access you would have to lower loan-to-values which means you will need to put down a much larger deposit, usually upwards of 15%. By doing this, the lender can reduce the risk by lending less to you overall.

Another factor that can vary the deposit is the price of the property you are looking to purchase. Your mortgage amount is a percentage of the property price.

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FAQ's From First Time Buyers in Doncaster

Is there anything that can help get me onto the property ladder?

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Luckily, there are other government mortgage schemes that can be helpful for those who struggle to meet the minimum requirement for a deposit required. Therefore, as a First Time Buyer in Doncaster, this could be an option for you!

The following are just a number of popular mortgage schemes that you may have access to;

  • Help to Buy: Shared Ownership Scheme.
  • First Home Scheme.
  • Lifetime ISA.

These schemes will require you to meet the criteria before you can access them. Therefore, we recommend you visit the government OwnYourHome website which can provide further information regarding these schemes. Get in touch with an expert Mortgage Advisor in Doncaster who will go through each scheme with you.

Take advantage of our free initial mortgage appointment which you can book to get more First Time Buyer Mortgage Advice in Doncaster. Here at Doncastermoneyman, we have a responsive and friendly team who are available from early until late, 7 days a week to look into your case and help with the application. Your journey on the property ladder should not be all scary! Take that step with the help of Mortgage Advisor in Doncaster.

How much can I borrow?

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We tend to find that a First Time Buyer gets in touch with Doncastermoneyman at the start of their mortgage process. The general reason for this is they want to know how much they could borrow for a mortgage.

Our mortgage calculators on our website are great for First Time Buyers looking for a rough estimate, however, this won’t factor in your financial circumstance so do keep this in mind. If you are looking for a more accurate amount, an expert Mortgage Advisor in Doncaster can help you with this.

Ready to Make an Offer

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Another benefit of having a Mortgage Broker in Doncaster, like ourselves, by your side is our support and guidance from our expert team of Mortgage Advisors when you are at the point of wanting to make an offer on the property you like.

Here at Doncastermoneyman, we are able to obtain your mortgage agreement in principle for you which is usually done within 24 hours of your initial appointment. Having this with you can be great when making an offer as it is likely to increase your chances of getting accepted.

You’ve Had an Offer Accepted

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Speaking to a Mortgage Advisor in Doncaster can be beneficial before making any offers. We can begin the mortgage process as soon as you as you get your offer accepted on your dream home.

If you are wanting to know if you are eligible for a mortgage and are looking to get an agreement in principle to back up your offers, get in touch with a Mortgage Advisor in Doncaster who can help you with this.

Need an Agreement in Principle (AIP)

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Generally, our team can arrange to get you a mortgage agreement in principle within 24 hours of your mortgage appointment. As mentioned, having an AIP to hand can be very helpful for making any offers because it shows the seller you are prepared to progress with your mortgage case.

Declined By Your Bank or Building Society

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It can be common for customers to get in touch with us when they have previously been declined for a mortgage by the bank. This could be for a number of reasons; however, our team are available to help you with this.

As part of our tailored service, our team are able to provide the support you need to get you on the best option for your personal and financial circumstances. Due to being an expert Mortgage Broker in Doncaster, we have exposure to a large range of mortgage lenders, with a number of these offering specialist products.

Our team are available 7 days a week to provide fast & friendly mortgage advice and answer any mortgage questions, particularly for First Time Buyers in Doncaster. We look forward to supporting you on your mortgage journey!

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

During youyr free complimentary mortgage appointment, our committed mortgage advisor in Doncaster will assess your income and expenses.

This allows them to dermine the maximum borrowing capacity available to you as a first time buyer in Doncaster.

We Can Search 1000s of Mortgage Deals

Step 2

Our team of experts can connect you with a wide range of lenders offering products tailored for first time buyers in Doncaster. This will set you on the right path towards becoming a homeowner.

Following your consultation, we will promptly secure your mortgage agreement in principle (AIP), usually within 24 hours.

Submit Your Mortgage Application

Step 3

Once your offer on a property is accepted, our dedicated mortgage advisor in Doncaster will take care of submitting your mortgage application and organizing any additional documentation required by the lender.

Throughout the mortgage process, your dedicated case manager will provide regular updates, ensuring you are well-informed at every stage.

Protecting You and Your Mortgage

Step 4

In addition to finding the most suitable mortgage deal for first time buyers in Doncaster, our team is devoted to helping you obtain comprehensive insurance coverage to safeguard you and your loved ones financially.

We will also contact you when your mortgage is due for renewal to ensure you are always on the best deal.

Why choose us for mortgage advice in Doncaster?

Free Mortgage Appointment

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When you go to us, you will receive a free mortgage appointment which happens over the telephone or through a video call on Microsoft Teams.

You may be thinking your situation is too complex, but our 20 plus years of experience has provided us with the opportunity to face a range of mortgage scenarios. Therefore, you may find your situation is one we have encountered numerous times.

1000s of Deals

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Through searching 1000’s deals, we can find you the most appropriate that fits best for your circumstances as a First Time Buyer. Our goal isn’t just finding you the right mortgage, it’s being there from the beginning to the end of your journey.

Our team works hard to make the process as stress-free as possible to provide you peace of mind. Every step of the way, you will be updated by your dedicated case handler who will make sure you understand what is happening.

Our Service

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Our expert Mortgage Advisors in Doncaster have rich experience and knowledge in helping first time buyers take their first step on their mortgage journey.

We have no ties with any other organisations like Banks, Estate Agents, or Builders. This is because we work exclusively for you and provide you with personalised service.

7 days a Week

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Our Mortgage Advisors work 7 days a week until late, so they can work around you and you can contact them at your best convenience.

We will be your helping hand from your initial enquiry to getting the keys to your new home. We aim to help achieve your mortgage goals. Therefore, get in touch with us now to book your free mortgage appointment today.

Malcolm and Amy Davidson - Mortgage Advice in Doncaster

We Search 1000s of First Time Buyer Mortgages in Doncaster

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Common First Time Buyer Mortgage Scenarios

Mortgage Advice in Doncaster for First Time Buyers

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We have helped a number of First Time Buyers take that first step on the property ladder through our experience providing tailor-made mortgage advice in Doncaster.

How much can I borrow?

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If you are a First Time Buyer, who is in the initial process will probably be wanting about the maximum amount they could borrow.

Our calculators that are located on our website can help with this but, be aware, that this is only an estimation so may not be the exact figures. To get a more accurate number, it’s best to get in contact with a member of our team so they can provide you with expert mortgage advice in Doncaster.

Ready to Make an Offer

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Another benefit of going to a Mortgage Broker in Doncaster like ourselves is that you can get support when you have found your dream property and are wanting to make an offer.

Our team can provide the help you need to obtain your mortgage agreement in principle (AIP), which can provide you with a more likely chance of being accepted.

You’ve Had an Offer Accepted

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Before making any offers, we would always As soon as you have had your offer accepted on a property, then the full mortgage application can get started. Speaking to a Mortgage Advisor in Doncaster is something we would advise doing because we would be able to check if you are eligible for a mortgage and then obtain your AIP ready for you to back up any offers you make.

Need an Agreement in Principle (AIP)

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Our team can usually get you a mortgage agreement in principle sorted out within 24 hours. As previously mentioned, it is always best to have an AIP at the ready before making any offers. This demonstrates to the vendor that you are ready to proceed.

Declined by your Bank or Building Society

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We find that many people seek Mortgage Advice in Doncaster when they have approached a bank for a mortgage but have been declined. The bank may have declined your mortgage application for a number of reasons, however, we may be able to help.

As a mortgage broker in Doncaster, we can provide you the best option based on your circumstances. Furthermore, we have the opportunity to work with a large panel of lenders with some offering specialist products.

We are available 7 days a week and here to answer all of your questions if you are a First Time Buyer in Doncaster. We look forward to helping you on your mortgage journey.

Contact us to book your free mortgage appointment.

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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 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

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