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First Time Buyer Mortgage Advice in Bristol

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0117 440 4704

We will be with you Every Step of the way! 

Customers have come to us feeling a little nervous about the process of buying a home as a First Time Buyer. Understandably, the market has much competition, and the Estate Agents can put much pressure on you. 

 

In any case, this is where we may be able to assist you. Our team of experienced advisors work patiently and effectively alongside you, to ensure your home buying goal goes from a dream to reality. 

 

Finding you the Right Deal 

We search through thousands of Mortgage deals, to find the right mortgage tailored to fit around your circumstances. From buying by yourself, with a friend / partner, to having a mortgagerelated dilemma, we are usually able to help you out.  

 

We recommend that our customers put themselves in the best possible position by obtaining a Mortgage Agreement in Principle. This is a handy piece of documentation to have for when you are ready to make an offer, you can find more information regarding how to get an Agreement in Principle 

 

 

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 Bristol for First Time Buyers 

Our Mortgage Broker in Bristol, we have helped many First Time Buyers in Bristol put their foot onto the property ladder, and there is rarely a situation that we have not come across. Below are some popular First Time Buyer scenarios that we assist with: 

 

  • You have got your heart set on a property and need some help making an offer? 
  • Unsure how much you are entitled to borrow/ how much your repayment will be? 
  • Hit a temporary roadblock and need some assistance?  
  • Had an offer accepted and want to start your Mortgage application? 

 

These are just a small handful of scenarios that our Mortgage Advisors deal with daily, contact us to book your free mortgage consultation, we look forward to hearing from you.  

Why choose us for First Time Buyer Mortgage Advice in Bristol? 

We are loyal to our customers, we have no ties to Banks, Building Societies or Estate Agents. We have a reputation for having the customer’s best interests at heart! Our Mortgage Advice team will try their best to make the process stress-free, keeping away from technical jargon, and making sure you understand the process. 

 

If you would like someone to talk to the Estate Agent on your behalf, to make an offer, we are also able to do that for you. We may also be able to look at sourcing conveyancing and solicitors’ quotes for you. 

 

In some cases, buying a property and taking out a mortgage can be cheaper than privately renting. If you have thought about purchasing the property you are currently renting from your landlord or housing association. Then it may be worth speaking with your landlord or checking your eligibility for the Right to Buy Scheme. Speaking to your local authority should allow clarification on this. 

What our customers say

Common mortgage
questions

Typically, our free consultation will last up to an hour or so. Our team can turn around an agreement in principle within 24 hours of speaking to an advisor. A formal mortgage offer can take around three weeks on average.

It’s typically three payslips for an employee to prove their income and the latest 2 years’ accounts for a Self Employed applicant. You will also need to provide the lender with proof of ID, address, and 3 months’ bank statements.

Once you have submitted a minimum one year’s accounts, you can get a mortgage. Most Lenders use your salary plus dividend to calculate the maximum mortgage, whereas some other lenders are known to go off your net profit.

Even if you have had credit problems, you may still be able to get a mortgage, though you may be required to put down a higher deposit than you otherwise would’ve, often 15% of the property purchase price.

The minimum deposit for buying a house in Bristol with High Street Lenders is around 5%. This can be higher if you have had previous credit problems.

You may find that it is possible to get a second mortgage on your home for things like debt consolidation or Home Improvements. If you are looking to take out a mortgage on a second property, either to use it for yourself, a family member, a holiday home, or a Buy to Let, this may also be possible.

An Agreement in Principle will usually last between 30 and 90 days, depending on the lender you go with. If your Agreement in Principle expires, you can always have it refreshed.

To avoid being disappointed if an offer falls through, we recommend that home buyers obtain an Agreement in Principle before you begin viewing properties in Bristol. At the very latest you should obtain an AIP prior to making an offer to assist your bargaining position with a seller.

As a trusted and hard-working mortgage broker in Bristol, we will carry out a Fact Find to establish your personal needs before we recommend the most suitable mortgage for your situation. A credit check will be required for an Agreement in Principle. Once you have given the lender all the relevant documentation and a valuation of the property has been completed, a formal mortgage offer can be issued.

Your free mortgage consultation with a trusted member of our mortgage advice team in Bristol will last around one hour. From there, your advisor will then recommend a mortgage for you with no obligation for you to proceed and you can decide whether you wish to take it or step back.

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

Bristolmoneyman.com & Bristolmoneyman 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.

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