Usually, a first time buyer in Norwich will put down a minimum deposit of 5%. It's common for first time buyers in Norwich to avoid a property chain which is where a buy may be unable to complete a sale on their until the one they're buying has completed, etc. This can be a huge advantage to you when it comes to negotiating with a seller on the price of a property you want to buy.
Get Started
Having this with you shows the amount maximum mortgage amount available to you as well as provide you with confidence, as a first time buyer in Norwich, that you are ready to proceed Through our time as a mortgage broker in Norwich, we have supported many first time buyers on their journey towards achieving their mortgage goals. Book your free mortgage appointment online today to see how a mortgage advisor in Norwich, can help you with your home owning dreams.
Apply Now
A first time buyer in Norwich is an individual who has never purchased a home before. Depending on the mortgage lender, this also applies to those who have previously owned a property but haven't been in the market for a long time. For those who are not classed as a first time buyer, but are living with a partner who can qualify as one, do have the option to jointly purchase a property under that classification.
To purchase your first home, you will need to start by having a sufficient deposit and qualify for a mortgage. This gives you the chance to finance the rest of your purchase. As well as this, you will need to hire a conveyancing solicitor to sort out the legal proceedings that are involved when buying a home. Our team are here to provide support throughout the mortgage journey. As an expert mortgage broker in Norwich, we will be with you from the every start of checking eligibility and find you the best product all the way to obtaining the keys to your new home.
This is a question our team commonly get asked. The deposit you generally need is a minimum of 5% which can be from your savings, a gift or a combination of the two. A point that is good to know is, that putting down a larger deposit like 10-20% of the purchase price will open you up to more mortgage options as well as provide you with better deals.
As a mortgage broker in Norwich, we can find you the most suitable mortgage product for your circumstances by searching through 1000's of mortgage deals. This is what differentiates us to a bank as they will be limited to their own products. There was a time when the bank was a more popular choice, this was because the local manager understood your finances thoroughly and would take this into account when offering mortgage deals. Now, it is all about finding the cheapest deal. Despite this option possibly involving a fee, getting mortgage advice in Norwich, can usually be a quicker process and be a lot less stressful with more choices. Our team have access to a large panel of mortgage lenders, with some offering specialist products to cover a range of personal circumstances.
The government have introduced a range of schemes that are designed to help first time buyers in Norwich get onto the property ladder. The options that are seen to be the most popular is the Help to Buy Equity Loan Scheme which provides a boost to your deposit & the Right to Buy Scheme (gives you the option to purchase your rental property).
We provide a service that works around your busy work and family life in Norwich. We work around you.
We provide all our customers with a free mortgage appointment that has no upfront fees. You pay us upon mortgage success in Norwich.
As part of our personal service, we provide you with dedicated experts including a mortgage advisor in Norwich to keep you up to date.
We understand that stepping into the mortgage world for the first time can be daunting. Our team will provide you with the support to obtain your first mortgage in Norwich.
We'll recommend appropriate insurance products, ensuring you can stay at home in Norwich, should you become seriously ill or unable to work.
As a mortgage broker in Norwich, we can find the cheapest deal for you, saving both your time and your money.
Our experience has allowed us to deal with a variety of cases, therefore, it's very likely that your dedicated mortgage advisor in Norwich has experienced this and knows the best solution.
When a customer contacts us for mortgage advice in Norwich, our team will help them overcome any mortgage hurdles like property survey and valuation problems.
Our Customers Love Us
4.97 Rating285 Reviews
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...
Sarah
Fantastic service from Tom Bowes
Brooke
Excellent service, great communication & highly professional
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...
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...
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...
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.
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...
Clair
Informative, friendly, helpful and efficient service.
Katie
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...
Natalie
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.
paul
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...
Anonymous
Good advice and a professional hand both made the process seem effortless. Full marks for a service and result!!
Christopher
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...
Carol
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.
Marco
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.
Suzanna
Excellent communication from start to finish. Highly recommend.
Rasheda
Very friendly and provided all the information I needed.
Pauline
Very pleased with Allen’s professionalism , he was able to answer all my questions to my satisfaction
Paul
Excellent experience all around, used for two mortgages and will use again
Read our 285 Reviews
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
Contact
Follow Us
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
