First Time Buyers – Some Popular Scenarios
Utilising over 20 years of experience in the mortgage industry, our Mortgage Advisors in Beverley have an excellent reputation in helping lots of First Time Buyers in Beverley start their mortgage journey.
Because of this, there is a rare case where we haven’t encountered a situation before. Below we have collated a list of common first time buyer questions we regularly encounter from customers when they get in touch with us:
What will my costs be? How much can I borrow?
This is one of the most common questions we get from First Time Buyers in Beverley as they are wanting to know how much they can borrow and their monthly costs.
The good news is that your designated Mortgage Advisor in Beverley can provide you with a rough amount to give you more of an idea of the amount.
I’ve seen a property that I like – What’s the next step?
Next, it’s time for you to get an Agreement in Principle which is also known as a Decision in Principle, Mortgage in Principle, DIP or AIP.
An Agreement in Principle shows that you have passed the lenders initial credit check.
By having this document with you can show the seller that you are in a more serious position to proceed which can increase your chances of getting an accepted offer. Overall, this can put you in from of many other buyers.
Here at Beverleymoneyman, we can get an Agreement in Principle sorted for you usually within 24 hours of your initial appointment.
My offer got accepted, and I am interested to proceed with my mortgage application?
Firstly, you need to contact your Mortgage Broker in Beverley to pass on the good news. From there, our team can proceed with your mortgage application and sort out the paperwork on your behalf.
Sometimes the mortgage journey can come with its hurdles, however, your dedicated Mortgage Advisor in Beverley will have encountered a situation similar before and will know what the solutions are.
My bank turned me away, can I still get a mortgage?
In the unfortunate case where you are turned away from your bank just know that this can be a common situation amongst many First Time Buyers in Beverley. This can be down to many different reasons.
At Beverleymoneyman, we have specialist advisors in Beverley will strive in finding you a solution for any problems you may encounter in the midst of your process.
Reasons to choose us as your Mortgage Broker in Beverley:
Being a Mortgage Broker in Beverley, we are proud to provide a high level of service to first time buyers. Your dedicated Mortgage Advisor in Beverley will be there to provide a helping hand from your initial call all the way to getting the keys to your dream home. They are there to answer any questions you may have about your mortgage.
One thing that differentiates us from high street banks is that we have access to a large panel of lenders which allows us to search through 1000’s of mortgage deals to find a product that is fitting for your situation.
Our team are here seven days a week and work hard to provide a stress free service that will always find solutions to any hurdles we face along the way.
Check out our brilliant customer reviews, they provide a customer insight on how we have helped many first time buyers on their mortgage journey. Our aim is to provide a service that leaves you feel stress-free and satisfied with your mortgage outcome.