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.
Book OnlineAs 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.
Book OnlineDo I class as a first time buyer in Bournemouth?
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?
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?
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?
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?
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
4.97 Rating246 Reviews
Hasan
excellent service
Anonymous
My initial interaction with Faye from UK money man has been really personable and I felt like she understood my needs very well. I’m hoping they can help deliver what I need and I didn’t feel any pressure to have to go further with my...
Rodrigo
UK Moneyman have been super helpful and reliable. Have always been able to count on them getting back to us quickly and made us feel comfortable checking anything out we were not really sure about. They made the whole process as easy and hassle free...
Steph
The team were fantastic, in finding the product for me. Jo also walked me through what to expect when purchasing your first home I.e. time frames, and answer my many questions. Also their after care has been great, checking in on how the purchase is...
Luke
Myself and partner used UK Moneyman for our first time buyer mortgage. We’ve had round the clock care well above the norm. Multiple routes forward regarding which mortgage to go for with lots of information to help prepare us through the...
David
I cannot thank the UK Moneyman service enough. Securing a mortgage meant more than just that to me, it was – is - a life chance. However, because of my credit history, I didn’t think that it could be done. Right from the start of the...
Nathaniell
Leo and Kayleigh have been great from the first phone call that I made to them. They have both helped us each step of the way and it has been a great comfort to my wife and me that everything had been taken care of by them both. We will definitely...
Mary
Ryan and Kayleigh were incredibly helpful and always available to answer our questions whenever we needed - and we had a lot of them as we are first time buyers who didn't have a clue about any of the process to begin with! They secured our...
Danielle
UK money man where so helpful. Chloe and Joe was amazing with us. Stayed in contact with us giving advice and updates, so glad we chose UK money man! Thanks for all your help.
Anonymous
Amazing, when ne and my partner first looked into buying a house, we had no idea about how to get a mortgage or anything. Moneymen were extremely helpful all the way through and sorted everything smoothly and efficiently! Very happy, will use again...
Rebecca
We’re so glad that we decided to use UKM to help us through the process of buying our first home, they took most of the stress off our shoulders and we’re always there to answer any queries. Would definitely recommend them to anyone...
Thorsten
I found Dinah at Harrogate Moneyman to be extremely supportive. She listened carefully to our needs, proposed solutions and followed up closely. A great service - I’d recommend Harrogate Moneyman to anyone looking for mortgage options.
Shadi
Absolutely fantastic from the start of the process. Everything was explained really clearly and I feel that the advice given to me throughout was done so with my best interests at heart. Would recommend to anyone looking into getting a mortgage.
Johanan
I used UK moneyman after using many other brokers. Tom Dent and Meghan Robinson fought for my case and was able to land me the mortgage offer I needed. In such a sellers market, having a great team around you makes such a difference. I will...
Axel
Mizna has been amazing and helped us to get a better mortgage protection for a cheaper price than what we previously had. Would definitely recommend!
Nadia
excellent as always and very efficient. used them for my first-time mortgage and also my remortgage now
Christopher
Excellent service from Mizna. Went the extra mile to get me the best deal. Will definitely use again.
Carlos
Mizna Coates helped me reviewing a critical illness protection plan I have. Her advice helped me to take an informed decision. I feel her advice was honest and thorough, keeping my best interest as a priority and not just trying to sell me a...
Heza
For me, UK Moneyman is very experienced, very professional, Great advisor, very friendly and respectful. They always get you prompt response. I was so comfortable with them during the whole process. I strongly recommend them. Special thanks to all...
William
MoneyMan have been nothing but helpful with my mortgage enquiries. Quick to respond and found me an excellent rate I wouldn't have found without them. Highly reccomend.