Mortgage Advice for First Time Buyers in Durham
Throughout our multiple years of providing customers with expert, mortgage advice in Durham, we have been able to help various first time buyers in Durham by taking their first steps on the property ladder and finding them a suitable mortgage.
Below, we’ve compiled a general overview of the most popular scenarios we regularly encounter when we help first time buyers in Durham.
How much can I borrow?
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
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.
You’ve Had an Offer 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 our mortgage advice team will be happy to help you out with this.
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.
Need an Agreement in Principle (AIP)
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.
Declined by Your Bank or Building Society
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.
Why choose us to help you buy your first home in Durham?
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.
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.
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.
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.
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.
Contact us now to book your free mortgage appointment, and we look forward to helping you with your mortgage dreams.