First Time Buyer Mortgages Doncaster.
With so much competition and pressure from agents, the home-buying process can be overwhelming for first-time buyers. We are here to help.
No Broker Fee
Pay no broker fee when you get mortgage advice from us.
Minimum Paperwork
We complete as much paperwork as we can, as we know it can be mind blowing!
Best Market Deal
Let us find you the best deal for your mortgage. We know where they all are.
First-Time Buyers mortgage advice for homeowners in Doncaster.
The process of buying a home can be very overwhelming for first time buyers, especially with so much competition and pressure from agents.
Stephen at MortgagesRM – the Fee Free Mortgage Advisors in Doncaster can help you to find the best mortgage for what you need and can act as a consultant to guide you through the buying process for your first home.
When you have found your perfect home, it is always good to have an agreement in principle ready, this shows the seller you are a serious buyer.
Stephen Kerrigan, Mortgage Advisor in Doncaster can help to secure you a decision in principle from a lender.
MortgagesRM guarantees that you'll have the best first-time buyers service without needing to pay a broker fee.
We offer a flexible service that gives you the opportunity to choose how and when you want to get in touch with us. Whether that’s online, over the phone, or in branch – we’re here to assist whenever you need advice.
We have exclusive 90-95% First Time Buyer mortgages that make the dream of home ownership more affordable. Rest easy because our “Best in Market” mortgage promise guarantees you a competitive rate and exceptional service.
Come and see for yourself how we’ve helped thousands of first-time buyers just like you.
Understanding the Needs of First-Time Buyers
Challenges Faced by First-Time Buyers
Buying a property for the first time can be challenging. Many first-time owners struggle to save for a deposit while paying rent and other living expenses. Obtaining a mortgage and navigating the housing market can be overwhelming, especially without proper guidance from a professional mortgage advisor.
Benefits of Becoming a Homeowner
Despite the challenges, there are numerous benefits to becoming a new home owner. Homeownership provides stability, allows you to build equity, and offers a sense of pride and belonging. Moreover, owning a property gives you the freedom to personalise your space and create your dream home just how you want it.
The Importance of Financial Planning
Before starting on the journey of new homes for the first time, it’s crucial to engage in thorough financial planning. Assessing your income, expenses, and saving potential will help determine how much you can afford to spend on a property. Seeking advice from a mortgage broker or advisor can provide valuable insights into managing your finances effectively.
Steps to Buying Your First Home in Doncaster
Getting a Mortgage: The Role of Mortgage Brokers and Advisors
Securing a mortgage is a crucial step in the home-buying process. Mortgage brokers and advisors assist first-time owners in finding the best mortgage deals tailored to their circumstances. We as professionals have in-depth knowledge of the market and can help navigate the complex mortgage landscape.
Explaining the Equity Loan Scheme
The loan scheme, such as the government’s Help to Buy scheme, is designed to support first time buyers by providing an equity loan toward their property purchase. This scheme enables buyers to put down a smaller deposit and access more affordable mortgage rates.
The Process of Finding and Purchasing a Property
Once you have a mortgage agreement in principle, it’s time to find your dream home. Property search websites, local estate agents, and developers’ websites are valuable resources for finding available properties. Once you’ve identified a suitable property, the next steps involve making an offer, obtaining a full mortgage application, and completing the legal process.
Our Services
Fast & Bespoke Mortgage Advice in Doncaster
We love helping all our customers, especially the ones who really need Mortgage Advice in Doncaster – it’s not just about finding a mortgage. It’s about the journey, we will hold your hand through the full process.
First Time Buyer
Purchasing your first home can be a little bit frightening, but we’re here to help with all the challenges of finding your perfect place.
Remortgages
Looking for a better mortgage deal? The process is often not as easy as it seems.
Moving Home
Thinking of selling your existing home and moving to a new home? It’s important that you try and budget well.
Buy-to-Let
It is one of the most popular mortgage options available for those looking to invest in residential and rental properties.
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How much can I borrow?
It depends on the size of your household income as to what mortgage you can get. Some lenders use a multiple of your income others look at how much you can afford based on your income and outgoings. As a rough guide, a typical multiple is four times your income.
This figure could be higher or lower depending upon your individual circumstances and different lenders’ criteria. Lenders who look at what you can afford base this on the number of people applying for the mortgage and any loans or debts that you have outstanding..
There are many lenders that offer excellent deals for first time owners, which is why its a great idea to get someone such as us to research the market for you.
Based on your personal circumstances, Stephen Kerrigan, our Fee Free Mortgage Advisor, will calculate how much you can borrow. You’ll receive a clear explanation of the purchase process and any questions you may have.
Exploring the Doncaster Housing Market
Overview of Doncaster’s Housing Market
Doncaster, located in South Yorkshire, has a vibrant housing market with a range of options suitable for first time buyers. The area offers affordable homes and exciting new developments that cater to the needs of growing families and individuals looking for their first new homes.
Affordable Homes and New Developments in Doncaster
Doncaster provides an array of affordable homes through various housing schemes. These schemes aim to make homeownership more accessible for first time buyers. Mortgage advice from brokers like MRM offer mortgages designed specifically for those taking their first steps on the property ladder.
Popular Locations for First-Time Buyers
When considering purchasing a property in Doncaster, it’s important to explore popular locations that offer convenient amenities and accessibility. Doncaster Sheffield Airport has played a significant role in the area’s growth, attracting residents and investors alike. Doncaster town centre is also a hub of activity, providing shopping, dining, and entertainment options.
MortgagesRM provides a service that is 100% FREE from start to finish so you never have to worry about any “hidden costs”, and we are just a phone call away.
We promise to find the perfect home mortgage for you.
We’ll take care of all the work with your lender, solicitor, and surveyor so you don’t have to worry about it.
Last, but certainly not least, we’ll take care of all the paperwork.
Benefits of Homeownership for First-Time Buyers
Building Equity and Long-Term Financial Security
One of the significant benefits of homeownership is the opportunity to build equity. As you make mortgage payments and the property’s value appreciates, your equity stake increases. This equity can provide financial security and serve as an asset for future endeavours.
CUSTOMISING and PERSONALISING the Dream Home
Owning a property allows you to customise and personalise your living space according to your preferences. From interior design choices to renovations, homeownership grants you the freedom to create a space that truly feels like home.
Stability and Sense of Belonging
Having a place to call your own brings a sense of stability and belonging. Homeownership provides a secure foundation for families to grow, build relationships with neighbours, and become part of a community.
Having a wealth of knowledge in the mortgage & protection market. We provide a service face to face or over the phone.
Home appointments?
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We pride ourselves in offering our customers a first-class service from the moment you speak to one of our friendly & experienced Mortgage Brokers in Doncaster.
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Frequently Asked Questions
How much deposit do I need for a mortgage?
A minimum deposit is required for purchasing a property in Doncaster. High street lenders typically require a 5% deposit. A higher deposit may be required if you have had credit problems in the past.
Can I get a mortgage if I am self-employed?
Yes, however, you must submit at least one year’s worth of accounts. To compute the maximum mortgage, most lenders in Doncaster use your salary and dividend, while others may use your net profit.
Can I get a second mortgage?
Second mortgages are possible. This includes debt consolidation and home improvements. A second mortgage can also be obtained on a second property, but only if it is for the owner’s personal use, a family member’s use, a holiday home or a rental property.
How long does the mortgage process take?
It will take about an hour for our free mortgage consultation in Doncaster. Upon completion of your consultation, we can arrange an agreement in principle for you in about 24 hours. A formal offer takes about three weeks.
What documents do I need to send you?
You must provide three payslips to prove your income if you are an employee. You will need to supply the latest 2 years’ accounts if you are self-employed in Doncaster. Additionally, you must provide proof of identity, address, and three months of bank statements.
How long will an agreement in principle be valid for?
An agreement in principle typically lasts between 30 and 90 days, but it can vary based on your lender. It is quite simple to renew an agreement in principle if it expires.
I have bad credit, can I still get a mortgage?
You can do it, but it will be harder. By putting down a higher deposit, perhaps 10% or 15% of the purchase price, you can demonstrate that you can afford a mortgage.
Doncaster, UK
The English county of South Yorkshire includes the town of Doncaster. It is the administrative hub of the larger Metropolitan Borough of Doncaster and is named after the River Don. It is South Yorkshire’s second-largest town after Sheffield, with whom it shares the international Doncaster Sheffield Airport, located 10 kilometres to the southeast. Doncaster, a significant regional town with crucial transportation connections and fun attractions, was established by the Romans. Additionally, it has a market. The second-biggest city in South Yorkshire, Doncaster is also the largest metropolitan region in England. With the growth of coal mining, its population increased significantly. The town’s service industry expanded as a result of the good communication links with the rest of the UK following the economic challenges brought on by the closure of coal mines in the 1970s and early 1980s.
Local Links
Things to do in Doncaster, UK
Sandall Park
Doncaster Racecourse
Potteric Carr Nature Reserve