As a mortgage broker in Bournemouth, we love helping first time buyers achieve their home buying goals, this really shows in our five star customer reviews. We really do love what we do here at UK Moneyman.
If you are looking to take that first step onto the property ladder, our dedicated team of mortgage advisors are ready to help and be by your side every step of the way. We are ready to answer any questions that you may have and find you the best mortgage for your circumstances.
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As a first time buyer, we would always recommend you reach out to a mortgage broker in Bournemouth to help you ascertain your maximum loan amount and affordable monthly payments prior to viewing properties.
This way you will know what type of properties are within your budget and start viewing accordingly.
Your mortgage advisor will be able to assess your financial situation and help recommend the most suitable product. If you are happy with the recommendation, we will then provide you with an Agreement in Principle.
This will show vendors and estate agents that you are in a position to proceed, should you put forward any offers.
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If you have never purchased a property in the past, then you will be classed as a first time buyer.
In some cases, if you have owned a property in the past, depending on the time elapsed since your ownership you may still be classified as a first time buyer. This also varies between lenders.
If you are applying for a joint application and one party qualifies as a first time buyer, you often purchase the property under that classification.
As a mortgage broker in Bournemouth, our advisors will run through all of the costs involved with purchasing your first home. Making sure that the whole process is affordable and within your budget.
You will need to have a sufficient deposit saved and be eligible for a mortgage, meeting lenders’ criteria and affordability. You will also need to appoint a conveyancing solicitor to handle the legal aspect of the transaction.
Lastly, you will need to look at the relevant insurances surrounding homeownership, such as building and contents insurance. As well as the various life insurances to financially support you in any unforeseen circumstances.
This is quite a popular question among first time buyers. You can get a mortgage with as little as a 5% deposit, usually, you will need a good credit score to access these deals.
If you can put down more deposit such as 10%, this will usually open you up to better mortgage interest rates.
If you have adverse credit and you need to look at more specialist lenders, for these deals you may need a 15% deposit or more.
Your family or friends can also gift you all or a proportion of your deposit. In most cases, this is direct family, commonly referred to as ‘Bank of Mum & Dad’, this option has become more popular over recent years.
As a mortgage broker in Bournemouth, we can search through 1000s of mortgage products from various lenders to find you the best deal.
Your Bank will be limited to its own range of products. As such you may have been able to access a better deal elsewhere.
There are various government schemes currently available, aimed to help first time buyers onto the property ladder.
Our mortgage advisor in Bournemouth will be able to help recommend the most suitable scheme, as well as check your eligibility.
You can find more about the schemes available on our Help to Buy and shared ownership pages. You can also visit the government’s ‘Own your home’ website for up to date schemes and criteria.
We provide mortgage advice 7 days a week in Bournemouth to fit busy lifestyles. We work around you.
All our customers are provided with a free mortgage appointment that has no upfront fees. You pay us upon mortgage success in Bournemouth.
As part of our mortgage advice service, we provide you with dedicated experts including a mortgage advisor in Bournemouth to keep you up to date.
We understand that the whole home buying and remortgage process can be daunting. We will be by your side every step of the way. Taking as much stress away as possible.
We'll recommend appropriate insurance products, ensuring you can stay at home in Bournemouth, should you become seriously ill or unable to work.
As a mortgage broker in Bournemouth, we can find the cheapest deal for you, saving both your time and your money.
Our experience allows us to deal with a variety of scenarios, therefore, it's very likely that your dedicated mortgage advisor in Bournemouth has already come across your situations before and knows the best solution.
When a customer contacts us for mortgage advice in Bournemouth, our team will help them overcome any mortgage hurdles like property survey and valuation problems.
Our Customers Love Us
2000+ 5-Star Reviews
Derek
They were great when handling our mortgage application even though it was a bit different to the normal one. Highly recommended
3 days ago
Michelle
The team at UK Moneyman have been excellent, really informative, providing sound advice with no judgement and supporting the best possible way forward for myself. I would definitely use the team again, they’ve made the whole process simple and...
2 weeks ago
Lawrence
Great company to work with, very helpful and excellent communication. Chris and Jo did a great job with our application. I highly recommend.
2 weeks ago
Gemma
Excellent speedy service and always available to work around the best times for us, including calls at weekends
1 month ago
Gillian
Having dealt with Leo previously I knew I would be getting a brilliant service and a good deal.
1 month ago
Karen
Very helpful.Quick response to any questions or concerns. Selected the right product to meet our requirements.
1 month ago
Stephen
We went to the Moneyman to start with regarding a new mortgage only which went really smoothly and everything was explained in simple terms at our request Malcom made it feel at ease . Once i had the confidence with them we asked them to help with...
1 month ago
Victoria
Jenna was very quick to sort out my mortgage, it was very straight forward and easy.
1 month ago
John
UK money man are excellent and have walked me through every stage of both the initial mortgage process and the remortgage two years later, couldn’t recommend them enough!!
1 month ago
Antonia
Matt Collinson and Meghan Robinson were absolutely wonderful. Provided updates, always avaliable and dealt with our mortgage so quickly! We had a mortgage offer within 2 and a half days and they sorted it all. Absolutely over the moon and would...
1 month ago
Babak
So fast and brilliant services which surprised us and the agent by receiving the mortgage offer less than one week. Malcolm is very responsive
2 months ago
Alistair
We used UK Moneyman for our first mortgage back in 2021. When it came to remortgaging, we confidently used their services again. Chris has been fantastic at reassuring us around the changes in interest rates and explaining everything clearly. Meghan...
2 months ago
Hannah
The whole team at UK Moneyman have been so friendly and helpful, whilst also providing an excellent service and securing me a mortgage offer really quickly. Even when there were questions and changes, they went over and above to help and always came...
2 months ago
Sarah
Fantastic service from Tom Bowes
3 months ago
Brooke
Excellent service, great communication & highly professional
3 months ago
Khristopher
Malcolm and Meghan did a great job with my application which due to a chain breaking down had to be done for two different properties, was kept informed throughout and they made me aware of changes in the market i didn't know about. Would happily...
3 months ago
Hilary
Matt and Wendy worked tirelessly and creatively to reach a great mortgage outcome for me in what was a less than straightforward journey. The commitment and advocacy was fist class and communication, always excellent. Matt really earned his broker...
4 months ago
Nina
I'm very happy with the services UK Moneyman have been providing during my buying process so far. I'm a first-time buyer so it was very important to me to have a mortgage broker who could answer all my questions in a timely and professional manner....
4 months ago
Stuart
Great team who works to get you exactly what you need, they made the whole process smooth and painless, so I would highly recommend them.
4 months ago
Danielle
I honestly couldn't have asked for a better service with UK Moneyman! I have been working with Charlie and Wendy! They have been SO helpful throughout the whole process and so supportive, never a hassle for them when I've been bombarding them with...
5 months ago
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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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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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