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First Time Buyer Mortgages in Bournemouth

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First time buyer mortgage advice in Bournemouth

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.

Book your free mortgage appointment online today, by clicking the below button.

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Get mortgage ready in Bournemouth

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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First Time Buyer in Bournemouth FAQs

Do I class as a first time buyer in Bournemouth?

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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.

What will I need to purchase my first home in Bournemouth?

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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.

How much deposit do I need to buy a house in Bournemouth?

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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.

Why use a mortgage broker in Bournemouth rather than my Bank?

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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.

What schemes are available for first time buyers in Bournemouth?

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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.

8 Reasons to Choose Us For Mortgage Advice in Bournemouth

Our dedicated team are available 7 days a week until late to provide mortgage advice in Bournemouth.

We provide mortgage advice 7 days a week in Bournemouth to fit busy lifestyles. We work around you.

Free mortgage appointment with an expert mortgage advisor in Bournemouth.

All our customers are provided with a free mortgage appointment that has no upfront fees. You pay us upon mortgage success in Bournemouth.

You will be assigned a dedicated case manager who will be with you throughout the whole process.

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're on your side, we work for you, providing fast & friendly mortgage advice in Bournemouth.

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.

Providing jargon-free insurance advice in Bournemouth.

We'll recommend appropriate insurance products, ensuring you can stay at home in Bournemouth, should you become seriously ill or unable to work.

We can search 1000s of potential mortgage options in Bournemouth.

As a mortgage broker in Bournemouth, we can find the cheapest deal for you, saving both your time and your money.

Our team have extensive experience and knowledge with mortgages in Bournemouth.

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.

As a mortgage broker in Bournemouth, we will be with you every step of the way.

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

Reviews Stars2000+ 5-Star Reviews

We search 1000s of mortgage deals in Bournemouth

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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

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