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First Time Buyer Mortgage Advice in Durham

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7 days a week, 8am - 10pm

0191 303 9786 Speak to an Advisor - It's Free!
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First Time Buyer Mortgage Advice in Durham

Are you a first time buyer in Durham? Discover your borrowing potential and move closer to securing your dream home. Start your mortgage journey with an expert today.

0191 303 9786

Looking at Getting a First Time Buyer Mortgage in Durham?

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.

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First Time Buyer Mortgage Advice in Durham

We will be With you Throughout the Whole Process!

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.

Are there ways to help me get onto the property ladder in Durham?

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.

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FAQ's From First Time Buyers in Durham

What are the costs involved with first time buyer mortgages in Durham?

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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.

What do I need to buy my first home in Durham?

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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.

What type of first time buyer mortgages can I get in Durham?

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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.

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Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

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.

We Can Search 1000s of Mortgage Deals

Step 2

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.

Submit Your Mortgage Application

Step 3

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.

Protecting You and Your Mortgage

Step 4

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.

Why choose us for mortgage advice in Durham?

Free Mortgage Appointment

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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.

1000s of Deals

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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.

Our Service

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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.

7 days a Week

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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.

Malcolm and Amy Davidson - Mortgage Advice in Durham

We Search 1000s of First Time Buyer Mortgages in Durham

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Common First Time Buyer Mortgage Scenarios

How much can you borrow for a mortgage in Durham?

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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.

Ready to make an offer on a property?

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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.

Has your offer already been accepted?

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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.

Are you looking at geeting an Agreement in Principle

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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.

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.

Have you been declined by your Bank or Building Society?

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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.

Mortgage Guides & 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

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