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.
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They were great when handling our mortgage application even though it was a bit different to the normal one. Highly recommended
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...
Great company to work with, very helpful and excellent communication. Chris and Jo did a great job with our application. I highly recommend.
Excellent speedy service and always available to work around the best times for us, including calls at weekends
Having dealt with Leo previously I knew I would be getting a brilliant service and a good deal.
Very helpful.Quick response to any questions or concerns. Selected the right product to meet our requirements.
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...
Jenna was very quick to sort out my mortgage, it was very straight forward and easy.
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!!
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...
So fast and brilliant services which surprised us and the agent by receiving the mortgage offer less than one week. Malcolm is very responsive
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...
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 happily...
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 professional manner....
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 them with...