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First Time Buyer Mortgage Advice in Hull

Appointments Available on Evenings and Weekends

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

There likely aren’t many greater financial commitments than purchasing your home. As such, we fully understand the sheer level of nerves that will come into play when you take on the process as a First Time Buyer. That said, you should be excited to buy your very first home, and we would love to help you with that!

 

We have over two decades of experience in providing a top tier mortgage advice service. Our trusted and dedicated team of expert Mortgage Advisors in Hull are ready and waiting to help you along with your own journey throughout the world of mortgages.

 

 

Here at Hullmoneyman, we work incredibly hard so that your journey goes as smooth and as simple as it possibly can. Every customer has a different situation, though there is a high likelihood that we have seen a similar situation in the past. This applies to those who are simply moving into a new property on your own or with a friend/relative to something more difficult.

 

Fast & Friendly Mortgage Advice in Hull

 

When you reach the point of being ready to make an offer on a property, we recommend that you make sure you are prepared with a Mortgage Agreement in Principle. If you need help obtaining this, get in touch and we will be able to obtain one for you within 24 hours of your initial appointment.

 

 

The competitive nature of the property market and trying to secure a property with your estate agent can leave you feeling a lot of added pressure as a First Time Buyer. As a supportive team of Mortgage Advisors in Hull, we will work hard to help relieve you of any stress. We are able to work at a pace that best suits your situation.

 

 

Due to the large variety of different mortgage types out there for customers, depending on what they’re looking to achieve and the sort of property they’re going for, looking for the most suitable mortgage can often be quite overwhelming. Let us take the weight off your shoulders and handle the process on your behalf.

 

Open & Honest Mortgage Advice in Hull

 

We aim to help you get over every mortgage obstacle in your way, here at Hullmoneyman. Our trusted and versatile mortgage advice team will work hard until they find the absolute best outcome for your personal situation.

 

A Free Initial Mortgage Appointment will be available to all customers who get in touch. If you would like to speak with someone about your mortgage options, take advantage of expert Mortgage Advice in Hull and get yourself booked in with an experienced mortgage advisor today.

 

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 Hull for First Time Buyers

Over the years, our team have helped a large amount of First Time Buyers take their initials steps onto the property ladder, utilising our in-depth mortgage experience in providing high quality, expert mortgage advice in Hull & surrounding areas.

 

 

Here at Hullmoneyman – Mortgage Broker, we regularly encounter various scenarios when speaking to First Time Buyers in Hull. Below we have put together a list of just a few of these;

How much can I borrow?

We often find when we make contact with a First Time Buyer who is maybe only just starting out in the process, that the chances are they will want to find out the maximum amount they could borrow for a mortgage.

 

The mortgage calculators that we have located on our website might be able to help give you a good indication of this, though please note that this is only a rough estimate and can’t factor in your situation, so may not be exactly right. To get a number that’s maybe more accurate, we recommend speaking to a Mortgage Advisor in Hull.

Ready to Make an Offer

Another reason why entrusting the services of a Mortgage Broker in Hull like ourselves may serve you well, is that you are able to benefit from the support and guidance of our mortgage advisors when you reach the point of wanting to make an offer on a property you like.

 

Our trusted team of mortgage experts are able to obtain your mortgage agreement in principle on your behalf, generally done within 24 hours of your initial appointment, which can be a great tool to use with your offer, increasing your chance of being accepted.

You’ve Had an Offer Accepted

Before you start with making any offers, we would always recommend that you speak with a Mortgage Advisor in Hull first. As soon as you get your offer accepted on the home you had your heart set on, then we can get your mortgage process underway.

 

Getting in touch with a Mortgage Advisor in Hull is something we would definitely suggest you look at, because we will be able to have a look and see if you are eligible for a mortgage, following on with obtaining your AIP for you so that your offers can be backed up.

Need an Agreement in Principle (AIP)

Our team, in most cases, are able to get you a mortgage agreement in principle arranged within 24 hours of your mortgage appointment. As touched upon before, it is always better to have an AIP on hand for making any offers. This shows the seller that you are ready and able to go forward with the process.

Declined By Your Bank or Building Society

We find that a large portion of those who are looking for Mortgage Advice in Hull have previously approached a bank, but have been declined for a mortgage. There are many reasons why the bank may decline your mortgage application; We are here to help with this.

 

As an open & honest mortgage broker in Hull, we are able to help you find the best route based on your personal and financial state of affairs. Further to this, we also have access to a vast panel of mortgage lenders, with a portion of these offering specialist products.

 

 

We are here to provide mortgage advice 7 days a week, always on hand to answer your mortgage questions, especially for First Time Buyers in Hull. We can’t wait to help you out with your mortgage journey!

 

Get in touch with us and book yourself in for a free mortgage appointment.

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

  

Our trusted team of experienced Mortgage Advisors in Hull have a lot of in-depth knowledge from helping a great many first time buyers find their footing on the property ladder, kickstarting their mortgage journey.

 

Our dedicated Mortgage Advisors work every day of the week, from early on until late at night, meaning they are able to work around you and be free to contact at your own personal convenience.

 

We offer all of our customers a free mortgage appointment that will take place either via the telephone or through a Microsoft Teams video call.

 

You may think that your situation is perhaps too complex, but utilising our over 2 decades of mortgage advising experience, we are able to take on a wide range of mortgage situations. It is highly likely that we will have come across a situation like yours before.

 

We know that the process of getting a mortgage isn’t always easy which is why we are here to answer any question you may have. Our hard work is exclusively for you, our loyal customer, and we do everything we can to provide you with a personalised and stress-free service.

 

Our advisors are able to take a look through 1000’s of mortgage deals. As a First Time Buyer in Hull, you want to know you’re on the best deal for your situation and that’s exactly what we aim to achieve for you. It’s not just about finding the right mortgage, we’re here to support you through every step of your journey.

 

We will work hard to try and ensure your mortgage experience is as stress-free as possible. Your dedicated case handler will keep you informed all throughout the process.

 

Get in touch and we’ll get you booked in for your free mortgage appointment with one of our incredible advisors today.

What our customers say

Common mortgage
questions

Our free initial mortgage consultation will last roughly one hour. Lucky for you, as an experienced Mortgage Broker in Hull, we can turn around an Agreement in Principle within 24 hours. All we need is a quick phone call to gather the necessary information. A formal mortgage offer takes about three to four weeks on average.

If you’re an employee, you will usually have to supply three payslips and the latest P60 to prove your income. If you are Self Employed in Leeds, it is typically the latest two years’ tax calculations and correspondings overviews. You will also need to provide proof of ID (Driving license or Passport). Proof of Address (Utility bills, tax bills or credit card statements) and three months’ bank statement. You are proving the deposit built up with an explanation for any significant credits.

The good news is it may be possible to get a mortgage if you are self-employed in Hull. To qualify, you need to submit at least one years’ accounts. Doing so will help to increase the likelihood of obtaining a mortgage. Most lenders take a look at your salary plus dividend to calculate the maximum mortgage amount. Others may go off your net profit. It all depends on the lender.

The good news is that you may find it a bit more challenging to obtain a mortgage despite having previous credit issues on your record. But it doesn’t mean it’s impossible, and you may still be able to get one! It just means that some Lenders may ask for a slightly higher deposit of around 10-15%.

Most high street mortgage lenders will usually ask for a minimum of a 5% deposit. This percentage may be higher depending on your previous circumstances, e.g. if you’ve had any past credit issues.

The good news is it is possible to have two mortgages in Hull running simultaneously, as long as you can afford to repay the monthly instalments on each of them. If you’re looking to accomplish something like debt consolidation or home improvements, you may be able to place a second mortgage on your home.

An Agreement in Principle typically lasts for 30-90 days. However, this timeframe is up to the Lender. If your Agreement in Principle expires, worry not; you can renew it by getting back in touch with your Mortgage Advisor in Hull.

As a Mortgage Broker in Hull, we recommend that you obtain an Agreement in Principle (AIP) as soon as you can, preferably before you start viewing properties. Having an Agreement in Principle in place when you are viewing houses could potentially allow you to negotiate prices.

Our mortgage process consists of multiple different steps. The first step is to get in touch, and one of our trusted mortgage advisors in Hull will carry out a Fact Find to get a bigger picture of your mortgage situation.

Secondly, you’ll undergo your free mortgage consultation, and your assigned dedicated Mortgage Advisor in Hull will begin searching for mortgage deals that match your circumstances. If they find you an offer that you are happy to proceed with, we can get the ball rolling with your mortgage application.

Next, they will perform a credit check on you to obtain an agreement in principle. Some evidential documents will be required from you to help back up your mortgage application.

Lastly, they will submit your mortgage application and wait for a formal mortgage offer to be issued.

Your free initial mortgage consultation with your dedicated Mortgage Advisor in Hull will last around an hour. During this consultation, we will get to learn a bit more about your mortgage needs and what you are looking for. Once we know more about your personal and financial situation, we will start looking for mortgage deals that will match you perfectly.

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

Hullmoneyman.com & Hullmoneyman 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

© 2022 Hullmoneyman

Hullmoneyman, 410 Wincolmlee, Hull, HU2 0QL.

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