As a first time buyer in Canterbury, you will generally have to put down at least a minimum of 5% deposit, though we would always advise putting down slightly more, such as 10-15%. If you are struggling with credit, you may have to put down more, often between 15-20%. First time buyers in Canterbury will often have the benefit of avoiding a property chain, as they are not waiting on the sale of their own home, before they can move on and finalise on the one they're looking to buy. This, along with having an agreement in principle to hand, is a great bargaining tool for when you are negotiating on the property purchase price on the sale of the property in question.Get Started
A mortgage agreement in principle, is a document from the mortgage lender that confirms the maximum mortgage amount you are able to borrow from them, as well as giving you the confidence to know that as a first time buyer in Canterbury, you are ready to proceed with the mortgage process. As an expert mortgage broker in Canterbury, we have been able to guide and support countless first time buyers in Canterbury, as they go through their journey towards finally having the keys to their dream home. Book in for a free mortgage appointment online today and learn more about how an expert mortgage advisor in Canterbury can help bring you closer to realising your dreams of owning a home as a first time buyer in Canterbury.Apply Now
If this is your first time buying a home, you will be considered a first time buyer in Canterbury. Depending on the mortgage lender you speak to, this can extend to some customers, who perhaps have owned homes in the past, but haven't been in the market for a number of years. On the chance you don't fall into the criteria for a first time buyer, but are jointly applying with someone else who does, your case overall may be considered a first time buyer case.
In order for a first time buyer in Canterbury to purchase their very first home, they will need to have saved up a sufficient enough deposit and also qualify for a mortgage. Doing this will mean you are in a much better place for financing the rest of your home purchase. You will also need to hire the services of a conveyancing solicitor, so that the legal side of buying a home can be arranged. As an expert fast & friendly mortgage broker in Canterbury, we are here to help customers through every single step of their home buying journey. We'll be there from the point where we review your eligibility and find you the best deal, right through until you get the keys to your brand new dream home.
This is a question that we find crops up the most frequently. Generally speaking, there will need to be a minimum of at least 5%, which can be achieved either through your own savings, from a gifted deposit (bank of mum & dad) or a combination of both methods. You must remember though, that putting down a deposit that is much larger, let's say somewhere within the realm of 10-20% of the property purchase price, will give you far more mortgage options and much better deals, than you would otherwise have with a lower deposit.
As a mortgage broker in Canterbury, our advisors have the ability to search through 1000s of unique and specialist mortgage deals, matching you up against various mortgage criteria, in order to find the most suitable mortgage deal for what you are looking to achieve. The bank used to be a popular route into home owning, as the local bank manager knew your finances inside and out, which they would bear in mind when they would review their products to offer you one. Conversely to the previous point though, they can only offer from their own products, and in a world where it's all about finding the cheapest deal, most people prefer a mortgage broker. By seeking mortgage advice in Canterbury, whilst a fee may be present, you'll often have a stress-less, much quicker service and with a lot more choice. Here at UK Moneyman, we work with a large panel of mortgage lenders, allowing us to tailor your mortgage to your individual needs.
The government has introduced lots of different schemes as a way of helping first time buyers in Canterbury to purchase their first home, when perhaps they were previously struggling, with that often being down to factors such as saving up for the initial deposit. The most popular options that we come across when dealing with first time buyers in Canterbury are the Help to Buy Equity Loan Scheme (providing a boost to your initial deposit with a government loan), as well as the Right to Buy Scheme (allowing you to purchase your rental property from your local council or housing association).
We offer a flexible service, working around your busy work and family life in Canterbury. We're always here when you need us.
Absolutely no fees upfront, we are only paid upon results, when you obtain your mortgage in Canterbury!
From our hard working mortgage administrators, to our professional mortgage advisors in Canterbury, you'll always know who you are working with.
Getting a mortgage in Canterbury can be a rather daunting prospect. We’ll guide and support you every step of the way.
We'll recommend to you any appropriate insurance products, allowing you to remain at home in Canterbury, in the event you become seriously ill or unable to work.
As an open & honest mortgage broker in Canterbury, we can search for the best deal for you, saving your time and your money.
There likely aren't many situations we haven't come across in the past, your mortgage advisor in Canterbury will understand your needs as a home buyer.
When you book in for mortgage advice in Canterbury, we'll help you overcome any mortgage hurdles, such as property survey and valuation problems.
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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...
Fantastic service from Tom Bowes
Excellent service, great communication & highly professional
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...
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...
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...
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.
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...
Informative, friendly, helpful and efficient service.
Really glad I went with UK Moneyman for my first mortgage, explained everything to me so well and was always on hand when I needed them as I work long hours at weekdays so having appointments on the weekends was so helpful for me, would definitely...
Tom and Chloe were super helpful with our first time mortgage. We had a couple of properties fall through but Tom was there to help and guided us through the whole process.
I think anyone would have difficulty finding a more helpful and friendly Financial Advisor. We used them to find a suitable later life mortgage and their effort and persistence in the face of some difficulties (caused by our particular...
Good advice and a professional hand both made the process seem effortless. Full marks for a service and result!!
Wayne and Paula have been very helpful in helping me purchase my first house would highly recommend them to anyone wanting a mortgage advisor! Wayne was also very flexible with time as I have very odd working hours and worked out a time for phone...
Excellent service, Tom and Lynsey were responsive and extremely helpful including in resolving issues of transferring the offer to another property when the seller of the first property I was buying pulled out.
It's the 3rd time I've dealt with the team at UK Moneyman, as before they have been informative, punctual, detailed and a pleasure to deal with. I couldn't reccomend them more highly.
Excellent communication from start to finish. Highly recommend.
Very friendly and provided all the information I needed.
Very pleased with Allen’s professionalism , he was able to answer all my questions to my satisfaction
Excellent experience all around, used for two mortgages and will use again