It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
Are you a first time buyer in Durham? If you are, we will aim to help you be on your way to getting the keys to your first property. Most first time buyers in Durham may feel a little overwhelmed and nervous about the home buying process and it is perfectly acceptable why.
Rest assured, our mortgage advisor in Durham, are here to put your mind at ease and reduce your stress as much as we can.
As an open & honest mortgage broker in Durham, we have helped many first time buyers in Durham achieve their mortgage goals. Our service goes beyond just finding you the most suitable first time buyer mortgage.
Your dedicated mortgage advisor in Durham will be by your side throughout the process, answering any questions or concerns.
Currently, there are a selection of very helpful government own your home schemes designed to help first time buyers in Durham onto the property ladder.
For more information on these schemes, you can either navigate to our website’s guides section or visit the government Own Your Home website.
Our team of fast & friendly mortgage advisors in Durham are familiar with all the various government schemes that are currently available and will be able to help answer any questions you may have regarding any of these.
In addition to the savings you have accumulated for your deposit, it is important to consider various other expenses when planning to purchase a property.
These expenses include conveyancing and solicitor fees, property surveys, broker charges, and mortgage arrangement fees. Additionally, you should factor in costs such as stamp duty and insurance premiums, which encompass home, contents, or financial protection insurance.
During your free initial mortgage appointment, our designated mortgage advisor in Durham will discuss these additional costs in greater detail and address any concerns you may have.
To be eligible for a first-time buyer mortgage in Durham, it is necessary to have saved a minimum deposit of 5% or more for your initial home purchase. Furthermore, engaging a conveyancing solicitor is essential to oversee the legal aspects of the property acquisition process.
As a mortgage broker in Durham specialising in assisting first time buyers in Durham, we are committed to providing comprehensive support throughout the entire process. Our mortgage advisors in Durham are available to help you assess your eligibility and secure the most suitable first-time buyer mortgage option available in the area.
There are several types of mortgages specifically tailored for first time buyers in Durham, each with its own unique features.
Among the most popular options is the fixed-rate mortgage, which guarantees a consistent interest rate for an extended period, shielding you from potential rate increases. Alternatively, a tracker mortgage links your interest rate to fluctuations in the Bank of England base rate.
Discounted variable rates provide a more affordable alternative, but be aware that if a lender’s standard variable rate changes, your interest rate will also be affected. Lastly, an offset mortgage includes a flexible interest-free savings account, where the balance offsets your mortgage balance, leading to a lower interest rate.
The larger your savings, the more favorable your mortgage interest rate becomes. To gain a deeper understanding of the various mortgage types available and determine the best fit for your needs, you can schedule a free mortgage appointment online to speak with one of our experienced mortgage advisors in Durham today.
Our Customers Love Us
5.00 Rating19 Reviews
Jenni
Malcolm and his team were nothing short if amazing helping guide us through somewhat tricky process of buying our home. They were friendly, patient and efficient and deserve more than a five star rating. Thank you again to Malcolm and his team.
4 weeks ago
Joanne
Malcom, was professional and helped sercure the best mortagage deal for us. We were apprehensive about using a mortage broker as we had never used this kind of service before, but Malcom and the team made it so easy from start to finish,friendly...
2 months ago
Fiona
Very good service from Dinah. Very helpful and no pressure sales. Felt confident I got the best advice for my circumstances.
4 months ago
Katie
We could not recommend UK money man enough for helping us obtain a mortgage. As first time buyers we went into the process clueless, Malcolm and the team have been absolutely amazing. Their communication and expertise has been second to none. The...
6 months ago
Mr Darren
An amazing service from some amazing people. They where with me from start to finish and the support, guidance and advice they gave me was brilliant. I would happily recomend Durhammoneyman. Thank you to all who where involved in my case.
7 months ago
Anonymous
Great service! Very informative and responsive. Made the process for a first time buyer straight forward and went smoothly
9 months ago
Duncan
Professional all the way. Excellent advice from Wayne followed by excellent administration by Anna to complete the transaction. Would recommend.
1 year ago
Martin
Excellent Staff and Service, I would definitely use them again They were very helpful all through the process of my remortgage providing me with the best deal and assisting with any issues or concerns i had, very prompt on replies to my calls and...
2 years ago
Kayleigh
Joe and Chloe have been so helpful sorting out our remortgage. They did all the hard work. I would highly recommend Durham Money Man to anyone! Fab job guys!
2 years ago
Karen
Was very professional and very helpful.
3 years ago
Anonymous
We are very pleased with the service we received. Everything was very simple and the mortgage brokers done everything for us. The mortgage deal they found was significantly less than any we could find ourselves, so it's worth paying the broker fee...
3 years ago
Niall
Fantastic service! Amazing advice and guidance throughout my mortgage application. Would recommend Durhammoneyman to anyone!
3 years ago
Sarah
Durhammoneyman have been an absolute lifesaver in helping me to get a mortgage. Their support, advice and assistance throughout the process has been above and beyond what I could have expected. Without them I would not have been able to navigate...
4 years ago
Donna
I cannot fault the service I have received from Leo, Wendy and the team. They have made a potentially stressful process very easy, offering support and guidance throughout. I would recommend this team to anyone in need of mortgage advice. Thank...
5 years ago
Sandra
Matt was first of all hugely understanding and quite reassuring in what I knew would prove a difficult task! Under 2 years self employment history, trying to gain a second family home without selling the first and possessing a buy to let which also...
5 years ago
Louis
I had a complex situation and I was nervous about the whole thing. Chris worked his magic and got me a mortgage offer within 2 weeks. I was amazed. Working full time I found the evening appointments terrific.
5 years ago
Michelle
Thank you to Laura and Matt who worked seamlessly to get my remortgage offered. I’m really happy with my new deal, much better rate than what my bank were offering.
5 years ago
Mary
My mortgage broker was easy to get hold of and efficient. Overall my experience was good value for money. As a first time buyer I felt I had support throughout my purchase.
5 years ago
Daniel
We rang these guys when we had been promised a mortgage by our Bank who then changed their minds. To be honest we didn’t know whether or not we’d be able to get a mortgage but during the first call with Durham Moneyman we felt they understood...
5 years ago
To ensure you make informed decisions about your financial situation, it's crucial to consult with a professional mortgage advisor in Durham.
When you arrange a complimentary free mortgage appointment, our dedicated mortgage advisor in Durham will assess your income and expenses.
This evaluation will determine the maximum loan amount available to you as a first-time buyer in Durham.
Reach out to us now to schedule your free mortgage appointment, and we'll be delighted to assist you in achieving your mortgage goals.
At Durhammoneyman, we have a skilled team that has access to a wide range of lenders offering specialised products tailored specifically for first time buyers in Durham.
These offerings can pave the way for your journey toward homeownership.
After your free consultation, we'll promptly secure your mortgage agreement in principle, usually within 24 hours.
This agreement in principle serves as proof to sellers that you're genuinely committed to moving forward.
Once your property offer is approved, your dedicated mortgage advisor in Durham will handle the submission of your mortgage application and assist in obtaining any additional documentation required by the lender.
Throughout the mortgage process, your case manager will keep you informed, and we'll provide support in obtaining the keys to your new home.
In addition to finding the most suitable mortgage deal for first time buyers in Durham, our team will also assist you in obtaining insurance coverage to ensure financial protection for yourself and your loved ones.
Having insurance while obtaining a mortgage acts as a safety net in unforeseen circumstances such as death, disability, or job loss.
Insurance products that cover mortgage payments relieve the borrower's family from the responsibility of repaying the mortgage.
Contact us now to book your free mortgage appointment, and we look forward to helping you with your mortgage dreams.
As an open & honest mortgage broker in Durham, we aim to reduce as much stress as possible. Your dedicated mortgage case manager will keep you informed at every turn, making sure you always understand what’s going on, jargon free.
We are able to search through thousands of first time buyer mortgages in Durham to find you the most suitable deal for your personal and financial circumstances. It is about more than simply finding you the best mortgage. We’ll be there throughout the process, until you get the keys and beyond! Ready to answer any questions that you may have along the journey.
We have a fantastic team of expert mortgage advisors in Durham, each who have helped many first time buyers in Durham to get onto the property ladder in Durham.
If you are concerned that your situation is complex, you can rest assured knowing that we have over 20 years of experience offering mortgage advice in Durham. The likelihood of us coming across a situation we have never seen before, is very unlikely.
Our mortgage advisor in Durham will work 7 days a week from the beginning of the day to the end, making sure we are available at a time that suits you. All our customers will benefit from receiving a free mortgage appointment, which is usually made by phone or via a video call.
Often, we find that first time buyers in Durham who tend to be early in the process will just be wondering the maximum amount they could borrow. We have mortgage calculators available to help you collect an approximate estimate, although these figures are not guaranteed.
Our mortgage advisors in Durham will be able to take a look at your case and help you to work out a more accurate maximum loan amount.
If you have now found your ideal first home in Durham and would like to make an offer, but need the help of an expert to do so, then our mortgage advice team will be happy to help you out with this.
We can also consider getting a mortgage agreement in principle (AIP) to increase your chances of being accepted.
If you have now found your ideal first home in Durham and would like to make an offer, but need the help of an expert to do so, then a member of our team will be happy to provide you with expert mortgage advicein Durham.
If you have since accepted an offer on a property, we can start by helping you with your full mortgage application. It is always best to talk to a mortgage broker in Durham before making an offer on a property.
We usually have the ability to get your mortgage agreement in principle within 24 hours of your appointment. If you’re lucky, you could be looking at same day.
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As touched on above, it is always recommended that you have an AIP before you start making offers. This shows the seller of the property that you want to buy that you are serious and able to proceed with a mortgage.
If you’ve already contacted your bank before for a mortgage, but they’ve rejected you, there’s every chance we’ll still be able to help you. There are many reasons why you may have been rejected by your bank during your mortgage application phase, but not all are final.
As an experienced and trusted mortgage broker in Durham, we work with various mortgage lenders, many of whom actually offer specialist mortgage products. We can review your individual circumstances and advise you on the most appropriate path for you in the future.
If you are in the market for first time buyer mortgage advice in Durham, please feel free to get in touch or book your free mortgage appointment. We are here 7 days a week, from early to late and will be happy to answer all your mortgage questions and concerns. We look forward to hearing from you soon.
Read our 19 Reviews
Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Durhammoneyman.com & Durhammoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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