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First Time Buyer Mortgage Advice in Peterborough

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Fast & friendly mortgage advice in Peterborough

As a first time buyer in Peterborough, you may be able to access exclusive mortgages that are not available to other borrowers. There is a range of schemes available that can help you get on the property ladder with the minimum deposit usually being 5%.

One of the advantages of being a first time buyer in Peterborough is that you will not be involved in a property chain, as you would not have to worry about selling your current property. Use this to your advantage when negotiating the price of the property you are looking to purchase.

As an experienced mortgage broker in Peterborough, we can help you navigate the whole mortgage process. Connecting with one of our expert mortgage advisors in Peterborough will be a great step towards achieving your goal of becoming a homeowner.

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As a mortgage broker in Peterborough, we strongly recommend obtaining an agreement in principle before looking at any properties. An agreement in principle will give you an idea of the maximum amount you can borrow for a mortgage and provide reassurance to the seller that you are serious about finalising the mortgage application.

As a fast and friendly mortgage broker in Peterborough, we have access to a wide range of lenders who can help many first time buyers to achieve their mortgage objectives. If you require assistance during the mortgage process, book a free mortgage appointment to discuss your circumstances with a friendly mortgage advisor in Peterborough.

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Popular Mortgage FAQs in Peterborough

Do I count as a first time buyer in Peterborough?

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If you’ve never purchased a property before, then you are a first time buyer in Peterborough. Likewise, if you are living with a friend or partner who is classified as one, then you should be able to purchase a home as a joint partner.

We understand that buying a house for the first time can be daunting. That is why our mortgage advisors in Peterborough will explain the process to you in simple, easy-to-understand terms. They will guide you through the process of securing a mortgage and help you find the most suitable mortgage deal for your needs.

How much deposit do you need for a first time buyer mortgage in Peterborough?

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When it comes to your deposit, we typically find that most high street lenders require a minimum of 5% of the property purchase price. However, if you are able to put down a larger deposit, such as between 10-25% of the purchase price, you may be able to access a wider range of favourable mortgage options.

We will take the time to explain the different mortgage options available to you and help you compare the different interest rates, fees and repayment plans. We can also talk you through the various government schemes that are in place to help first time buyers.

If you are a first time buyer in Peterborough looking for a mortgage, we are here to help. Get in touch today to start the process of finding the right mortgage for you.

Is it better to get a mortgage from a bank or a mortgage broker in Peterborough?

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For first time buyers, there are many advantages to seeking help from a mortgage broker in Peterborough. Our experienced team can search through thousands of deals to find a mortgage that is suitable for your financial situation. This is something that a bank is unable to do, as they will only provide you with their own products.

In the past, approaching a bank was the more popular route for first time buyers, now this isn’t the case as these buyers are becoming more aware of brokers and that they can help them find the most appropriate mortgage product, often saving them time and money..

Our process is designed to make the mortgage application process quick and easy, and also aims to save you money. We are proud to work with a wide panel of mortgage lenders to provide the tailored, personal service that is needed when finding a first time buyer mortgage product for you.

Are there any schemes to help first time buyers in Peterborough get onto the property ladder?

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As a mortgage broker in Peterborough, we understand how daunting it can be for first time buyers to navigate the mortgage market. If you are a first time buyer in Peterborough and are struggling to save for a mortgage deposit, we would recommend taking a look over the available government schemes. These can help buyers like yourself get a foot onto the property ladder.

The Right to Buy Scheme is an especially helpful option for those who are renting their homes. This scheme gives you the right to purchase your rental property at a discounted price from your landlord. To be eligible, you must contact your local council and confirm that you qualify.

If you are a first time buyer in Peterborough with a low deposit, you may be eligible for the Shared Ownership scheme, which allows you to purchase a share of a property and pay rent on the remaining share.

There are many more government schemes available to you as a first time buyer in Peterborough; to take a look at the complete list, look at OwnYourHome.gov.uk.

Reasons to Choose Us For Mortgage Advice in Peterborough

Providing open and honest mortgage advice in Peterborough 7 days a week until late.

We understand that each of our customers possesses unique financial and personal circumstances. That's why we offer a flexible service, accessible seven days a week, from early morning until late evening.

Book your free mortgage appointment to speak with a dedicated mortgage advisor in Peterborough.

We offer a free first time buyer mortgage appointment in Peterborough with no upfront fees. We only charge upon mortgage completion. These costs will be outlined to you during your free mortgage appointment.

You'll be paired with one of our dedicated case managers in Peterborough.

Our case managers in Peterborough are dedicated to working on your behalf and will keep you updated with any developments. They will ensure that all of the paperwork is completed correctly, so that you can get the best mortgage deal for your individual needs.

We're on your side, we work for you - providing open and honest mortgage advice in Peterborough.

We believe that our clients should feel confident and reassured throughout the mortgage process. That's why we pride ourselves on being open and transparent with our clients, providing them with clear and concise information to ensure they are always in the know.

Helping you find the perfect insurance product to protect you and your family.

It is important to us that you and your family are protected from anything going wrong in the future. We will recommend insurances to you and your family to protect your future finances.

We search 1000s of mortgage options in Peterborough.

No matter the situation, our mortgage advisor in Peterborough will work tirelessly to help you find the best deal. Whether you have a good or bad credit history, we will work with you to try and find the right mortgage that fits your needs.

Our mortgage advisors in Peterborough have experience and knowledge with many different types of mortgages.

We will tailor our mortgage advice in Peterborough to your individual requirements, allowing us to offer the best possible advice. We can provide valuable insight into the local property market to ensure you make the most informed decision.

As a mortgage broker in Peterborough, we will be with you throughout your entire mortgage journey.

Our mortgage advisors in Peterborough are dedicated to offering a supportive and valuable service. They are here to assist you in overcoming obstacles and can provide recommendations for property surveys while addressing valuation issues.

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We search 1000s of first time buyer mortgages in Peterborough

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Registered Address: 10 Consort Court, Hull, HU9 1PU.

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