First-Time Buyer Mortgage Advice in Hull

First-Time Buyer Mortgage Advisor in Hull

Trusted Mortgage Broker – Hullmoneyman

Open & Honest Mortgage Advice in Hull

Welcome to our First-Time Buyer mortgage advice page from your local expert Mortgage Advisors in Hull. We have over ten years of valuable experience within the mortgage world and we can’t wait to help you find that perfect first home.

Our aim is to guide you through the mortgage process to make it go as easy and smoothly as possible. You may be moving into your new property on your own, with a partner or a friend/relative or if your situation is more complex, we would still love to help as we have most likely dealt with something similar before.

Due to highly competitive market, First Time Buyers can feel under a lot of pressure to secure a property with an Estate agent – as an experienced local Mortgage Broker in Hull, this is where we step in and take some stress off your back. If required, we can also act fast on your behalf.

There are many different types of mortgages available on the market and sometimes the choice can be overwhelming.

We consider all situations at Hullmoneyman, we will try to get over every hurdle to ensure you come out with a great mortgage deal that is best suited to your individual circumstances.  

We also offer a Free Initial Mortgage Consultation for All Customers, you can choose how you want to receive this: email, call or text. You can even visit our contact us page here to discuss your mortgage options with one of our friendly advisors.

Common First-Time Buyer Mortgage Scenarios

After working with thousands of First-Time Buyers in Hull, we found that the same cases kept popping up that our customers needed our fantastic help with. As part of our free initial first-time buyer mortgage consultation, we can look at a large variety of things, these can include:

  1. Working out your monthly budget based on your property price
  2. Producing a Mortgage Agreement in Principle so that you can back up any offers you make with the Estate Agent
  3. Completing your mortgage application through to getting you a mortgage offer
  4. Explaining the different types of property surveys that are available to you
  5. Recommending a local competitively priced Solicitor with high service standards (if required)
  6. Running through your mortgage offer(s) to ensure that all your details are correct
  7. Also recommending any associated insurances with your new mortgage (if required)

How Much Deposit Will You Need?

Usually, you will need a minimum of 5% deposit for a purchase. If you are lucky, you could receive a gifted deposit from a family member or friend, this is very common for first-time buyers and you can read more about gifted deposits here.

We are fortunate in Hull, as we still have affordable housing in reputable areas available to first-time buyers, so they can take that first step onto the property ladder for a reasonable price. For example, a 5% or 10% deposit is much more achievable in Hull than a bigger city or a similar-sized city down south.

We Work Solely For You

Unlike other mortgage brokers, we are not tied to estate agents, so we work solely for you, with your interests at heart. We aim to deliver that best service as your Local Mortgage Advisor in Hull work with you and your needs to ensure you come out with the best deal that we can find you.

Currently Renting?

Often, getting a mortgage can work out to be cheaper than renting. Have you considered buying off your landlord? This can be relatively simple with an Expert Mortgage Broker in Hull like us if you can get a price agreed.

Are You Looking to Buy Your Council House?

We can help you with this, we offer amazing support when you need Right to Buy Mortgage Advice in Hull. We can also help with your purchase and provide help and guidance throughout the whole application process!

Have You Run into Any Mortgage Hurdles So Far?

We often find that clients who call us had some difficulty one way or another with their bank during the mortgage process, this could be due to multiple reasons:

  1. Type of property being purchased
  2. Your income structure and employment type i.e. self-employed
  3. Buying off or with a family member
  4. Buying undervalue
  5. Bank declined or won’t lend enough
  6. Buying off your landlord
  7. Something else?

If this happens to be the case, it is important that you don’t keep trying loads of different lenders without being 100% sure of their strict lending criteria. This could have a negative impact on your credit score and may lower your chances of getting a mortgage altogether.

Are You a First-Time Buyer in Hull?

As an Expert Mortgage Broker in Hull carrying years of valued experience within a local mortgage environment, we aim to deliver that stunning service with every customer. With the use of our in-depth mortgage knowledge, we can try our best to place your mortgage application to the most suitable mortgage lender based on your personal situation.

Need More Help?

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Hullmoneyman.com & Hullmoneyman are trading styles of UK Moneyman Limited, which 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.

Hullmoneyman, 2 Littelfair Road, Hull, HU9 5LP.
01482 772986

The Financial Conduct Authority does not regulate most buy to let mortgages.

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