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Mortgages, Insurance, Income Protection, Commercial Finance
We are experts helping First Time Buyers move into a new dream home.
Buying your first home can be an exciting but very stressful experience. Getting the best first time buyer mortgage advice available can make the whole process easier and give you the confidence to take the first step onto the housing ladder.
We are here to help you avoid the potential mortgage pitfalls and ensure you get the best deal. We help you through every stage of the process, discussing budgets, finding deals and successfully applying for a mortgage.
There are no specific mortgage products for first time buyers it is just a term that is used for those who have never had a mortgage and bought a property before.
All types of mortgage are available such as fixed rate, variable rate, repayment or interest only mortgages. That's where we help you find the right option for your situation ensuring you understand the advantages and disadvantages of each option narrowing down the best option and finding the right products for you.
This is the most important step of your first time buying process. Understanding how much you can borrow sets your budget and enables you to start looking at properties in your price range.
In general a lender will offer around four times your annual income which will also need to be supported by a deposit of around 10%. Some lenders will accept a 5% deposit but the bigger the deposit you have the better rates you will get on your mortgage. We would encourage a deposit of between 15 - 20% if you can.
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We have access to all lenders to ensure we can find you the best deal.
Our experts take care of everything for you from start to finish.
With years of experience we are a friendly voice in a stressful market.
Your agreement in principle is a statement from a mortgage lender that they will lend you an agreed amount to buy a home.
Be aware that this is not a binding agreement you will need to put in a full mortgage application when you find a property you would like to buy.
The purpose of the agreement is to provide you with good credibility with sellers to show them that you are serious about buying a property and are able to get a mortgage. To get an agreement in principle you need to speak to a lender who will run some checks on you, the agreement is normally valid for 30 to 90 days.
Your credit rating is what lenders use to help them understand your creditworthiness. it is a numerical expression based on analysis of your credit files.
Your credit rating is very important when applying for a mortgage. If you have had debt problems in the past this may effect your credit score. A bad credit score can mean that lenders are less likely to accept your mortgage application or you may be offered higher rates.
If you have bad credit this does not mean you cannot get a mortgage though, we can discuss this with you to help find a lender that would still offer you a mortgage.
With access to the whole market we are the perfect solution for your mortgage requirements. Find out how we can help you by clicking on the services below.
Supporting first time buyers through the mortgage minefield to get them on the housing ladder with the best mortgage deal.
With years of experience in the financial industry we are perfectly placed to provide you with the best advice for a remortgage.
If you are thinking about buying a property to rent out to tenants then you need a Buy to Let Mortgage.
We are able to help you through the process of finding the right lender and providing the right information to get you a Military Mortgage.
The Right to Buy Scheme is a government initiative that helps social tenants in England to buy their home at a discounted rate.
We offer a free consultation so you can find out how we can help you.
We are authorised and regulated by the Financial Conduct Authority.
You will talk to the same advisor every time for a consistent and personal service.
With access to the whole market we are the perfect solution for your insurance, protection and finance requirements. Find out how we can help you by clicking on the services below.
Life Insurance provides some financial protection and peace of mind if the unexpected happens.
Income Protection is an insurance policy that ensures you are able to meet your financial commitments.
Critical Illness Cover is an insurance which pays out a lump sum (tax free) if you are diagnosed with a serious medical condition.
Commercial Finance covers a wide range of business financial products that include both short and long term solutions.
Thank you for reaching out!
If you’re an existing or new customer, you can reach me via phone at 01202 149 426 or email at this address james@themortgageexploer.co.uk
I look forward to assisting you!
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