First Time Buyers in Sheffield.
With so much competition and pressure from agents, the home-buying process and getting onto the property ladder can be overwhelming for first time buyers.
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Hundreds of happy homeowners, one trusted mortgage team.
Minimum Paperwork
Get with the process with very minimal paperwork and get the work done.
Best Market Deal
Getting the best market deal, also find the best deal from your current lender.
First-Time Buyers Mortgages in Sheffield without fees.
Helping First-Time Buyer to Purchase Property
We provide flexible service designed specifically for new buyers in Sheffield, giving you the freedom to decide when and how you wish to receive information and communicate with us. Whether online, over the phone, or face-to-face at our Sheffield branch, we are always ready to assist you whenever you require our help.
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 get on the property market!
Have Any Questions?
Contact our expert team for mortgage advice in Sheffield
Our Services
Fast & Bespoke Mortgage Advice
We are passionate about assisting all our first-time buyers, especially those in Sheffield who need extra guidance with purchasing information and mortgage advice. It’s not just about finding the right mortgage for their homes; it’s about being an integral part of their home-buying journey. We are here to help and will provide support and information every step of the way, guiding you through the entire purchase process.
First Time Buyer
Buying your first home can be a little bit daunting, but we’re here to help first-time buyers with all the challenges of finding your perfect home.
Remortgages
Looking for a cheaper mortgage deal? The process is often not as easy as it first appears.
Moving Home
Thinking of selling your existing house and moving to a new home? It’s important that you try and budget accurately.
Buy-to-Let
This can be one of the popular options available for those wishing to invest in residential & rental property.
Call us today!
To speak with our advisor, book your mortgage appointment online or give us a call.
Key Information for First-Time Home Buyers:
Organize Your Finances: Start by saving for at least a 10% deposit and explore mortgage options such as repayment or interest-only mortgages. Obtain a mortgage agreement in principle to validate your financial readiness.
- Prepare Financial Documents:Assemble your last three months of payslips, bank statements, and any additional required financial records, including detailed information on existing loans, to support your mortgage application.
- Search for the Right Property: Look for a home within your budget that also meets your lifestyle needs. Consider location, property history, and how long the house has been on the market.
- Submit a Proposal: Once you find the ideal home, submit your proposal through the estate agent. If accepted, the process will continue ‘subject to contract’.
- Formalize Mortgage Application: Following a successful offer, formally apply for the mortgage you pre-arranged.
Borrowing Limits
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. Roughly calculated, they usually take a figure of four times your household income
This figure could be higher or lower depending upon your individual circumstances and different lenders’ criteria.. They will consider who is applying for the mortgage and any outstanding debts you may have.
Based on your personal circumstances, Stephen Kerrigan, our 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.
We promise to find the perfect home mortgage for you.
We’ll take care of all the work with your lender, and surveyor so you don’t have to worry about it.
Last, but certainly not least, we’ll take care of all the paperwork.
Having a wealth of knowledge in the mortgage & protection market. We provide a service face to face or over the phone.
Home appointments?
No problem.
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 Sheffield.
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Frequently Asked Questions
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.
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.
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.
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.
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.
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.
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.
It’s essential to engage a solicitor or conveyancer to handle the legal aspects of buying a home. They will review contracts, conduct property searches, and ensure all legal requirements are met.
Promptly respond to any requests from your conveyancing expert and arrange for a home condition survey. This ensures that any potential issues with the property are identified and addressed.
Review the property report provided by your conveyancing expert thoroughly. This report will contain essential information about the property, allowing you to finalize purchasing details with confidence.
Once all necessary details are finalized, you’ll set a completion date with the seller. On this date, you’ll sign the purchase contracts, pay the agreed-upon price for the home, and prepare the deposit payment.
On completion day, your conveyancing solicitor will finalize the transfer of funds to the seller’s representative. Once confirmed, first-time buyers receive the keys to your home, marking the completion of the purchase process.
