We help first-time buyers get the best mortgage deals tailored to your individual needs by searching thousands of mortgages from more than 60+ mortgage lenders. We also help you as a first-time buyer by taking care of the mountains of admin, helping you to instruct & choose the right solicitor, and helping you complete the legal paperwork, so you can feel confident it's accurate & correct. We then ensure you get the proper protection cover so you can feel safe that you'll never lose your home & your mortgage will always get paid no matter what life throws at you.
If you're searching for the best first-time buyer mortgage advice that will help you every step of the way, solve your problems, answer all your questions and get you into your new home fast, as efficiently as possible & in the most cost-effective way, then you should probably have a relaxed chat with us and find out your next steps to becoming a first-time homeowner.
Buying your first home is an exciting milestone but also a big financial commitment. Mortgages are one of the most significant single transactions you will likely make in your lifetime. For that reason, it's essential to ensure that you have accurate and reliable guidance throughout the process. We are the top-rated independent mortgage brokers in Mansfield & Sutton-in-Ashfield, which means we can offer unbiased, honest and impartial advice from the whole mortgage market, meaning you can be assured of the very best deals. Click here to contact us to talk about your circumstances.
As independent mortgage brokers in Mansfield, we search thousands of mortgages from over 60+ lenders. In addition, we have access to exclusive mortgages not available on the high street, meaning you can get deals that aren't available directly to you through your bank.
The home-buying process can be a bit daunting for a first-time buyer as there are so many things to consider; how much deposit you need, what happens during the process, what you need to do first, and how you choose the best solicitor. Not to mention all the different mortgage types, such as fixed rates, tracker rates, variable rates, offset mortgages, etc. This is why mortgage advice is essential before looking for a property.
We promise that we will be there every step of the way. But, most importantly, our priority is finding the best first-time buyer mortgage that is suited to your circumstances and that you fully understand the process. Hence, you always know what's happening.
Mortgage advice for first-time buyers should always put you at the centre to ensure that you are in the most informed position possible.
Before you make any mortgage commitment, we will ensure you know and understand all of the information and sometimes confusing jargon. As a first-time buyers in Mansfield & Sutton-in-Ashfield, we know it's essential that our customers get the very best mortgage advice when it comes to first-time buyer mortgages.
There are always plenty of first-time buyer mortgage options, and we ensure that you end up with the best overall deal that considers all factors, including how much deposit you have available, your income and outgoings, and your credit history.
From our first meeting with you as a first-time home buyer, until you move into your new home, we will always ensure that your first step onto the property ladder is as stress-free as possible.
We have made an e-book specifically for first-time buyers, which you might find helpful, and you can download that for free by clicking get your free e-book which will answer some common first-time buyer questions. If you want more information about the different types of mortgages available, go to our mortgage explained page to understand some of the fundamental differences between types of mortgages.
When you're buying your first home, you'll also need to appoint a solicitor to carry out the necessary legal work on your behalf, so below we have put some downloads for that purpose, or you can go and check out our legal services as this is something else you'll need too.
Additionally, we always help you ensure that you have protection in place even after you've moved into your new home to ensure your mortgage is paid should the worst happen. So even if you're only considering options at this point, contact us and let us help you make a clear plan for the future. Remember, preparation is everything!
We are independent mortgage brokers covering Mansfield, Mansfield Woodhouse, Forest Town, Rainworth, Blidworth, Sutton-in-Ashfield, Kirkby-in-Ashfield, Hucknall, Shirebrook, Warsop, Ravenshead, Clipstone, Chesterfield, Nottingham & surrounding areas.
Suppose you need a mortgage broker in any of the areas above. In that case, we can see you at our convenient office, face to face, for an initial appointment to talk through your circumstances without obligation - we will look at how much you can borrow, how much that might cost you, the best deals that are going to suit you and answer any questions you might have about the process.
First-time buyer mortgage advice covering Mansfield, Sutton-In-Ashfield & Chesterfield
We charge a fee of £499, which is payable when the lender has issued your mortgage offer. This means that the lender has assessed all your documentation, surveyed the property you want to buy, done all the due diligence required, and approved your mortgage application in full.
The process is as follows; we have an initial chat to see if we want to work together, and I would explain the benefits of using a local independent mortgage broker, then we would have our first meeting in the office where I gather all the information about your circumstances such as address and work history, income & outgoings along with a credit report & the supporting documentation that you'll have brought with you.
Then we select the best lender and get you an agreement in principle, and subject to that passing, you can now start viewing properties. At some point, you will find the property you want to buy and negotiate the price you're willing and able to pay.
Once you have the offer accepted on the property, we would then have our second meeting in the office where we instruct the solicitors for you & make the full mortgage application after talking you through the mortgage product you're signing up to in detail alongside getting the survey instructed,
Once you've left, we then package your case to the lender, which means presenting it to them in the right way, sending the documents that we know they'll require and talking to underwriters to ensure they're happy with everything.
Once the underwriters have had a chance to look at all the documents and the surveyor has sent back their report, the underwriter will make a final check that they're happy with everything & assuming they are that is when the mortgage offer will be issued, and that is when our fee of £499 becomes payable. Contact us to talk more in-depth about your circumstances.
There's no such thing as the best mortgage for anyone as it's always dependent upon your circumstances. There is only ever the best mortgage for you, on the day that we make an application taking into account the accurate figures and the property you are buying.
The one thing that is very important for all first time buyers is to make sure you're adequately prepared before you start to view houses so that you don't get disappointed. So we recommend having an appointment with us to determine your budget and what that means in terms of costs and fees and so you can also understand the process.
This gives you the upper hand when it comes to making offers, as we can get you purchase ready so that when you have found the home you want to buy, you're in the strongest negotiating position you can be. Contact us, and we can talk you through your options.
The fees you'll need to budget for when buying a home in our area typically add up to about £2000 - £2500 as a maximum, but they can be higher or lower as some of the costs are based on the value of the home you are buying.
Here is a list of fees you should budget for; this is not an exhaustive list, and the costs will be specific to your circumstances but should give you a guide.
Of course, to know precisely what fees you'll be paying, contact us, and we can chat about your circumstances.
It's usually better to get a mortgage through a broker rather than going direct to a bank or your bank or building society, and there are four main reasons why.
This depends on many variables, but the minimum deposit you will need is 5% of the purchase price of a home. To get a 5% deposit mortgage, you have to have excellent credit conduct for the last six years,
This means you can't have any late or missed payments, defaults, CCJ's or insolvencies to your name. You need to be registered on the electoral roll, ideally not have more than 25% of your gross annual income as debt and be in a stable job or have been self-employed for at least two years.
Now that doesn't apply in all cases, but it covers most. Of course, the more deposit you can save, the better deals you'll be eligible for and the quicker and easier it will be to get your mortgage approved.
If you do have bad credit, this doesn't mean that you can't buy a home; it just means you'll probably need a bit bigger deposit. The size of deposit you'll need will depend upon the type and recency of the adverse credit and when it was registered, if it's been satisfied and paid back, along with being able to demonstrate good credit conduct elsewhere on your credit report.
As a rule of thumb, if the adverse credit was over two years ago, you will need between a 10%-15% deposit. However, we would always recommend getting mortgage advice before you start house hunting to make sure that we can get you the mortgage you will need to avoid any possible disappointment.
Below are some helpful downloads you may like to read which gives you an idea of the things to consider as a first time buyer
SFS Mortgage Document Checklist - Employed (pdf)Download
SFS Mortgage Document Checklist - Self Employed (pdf)Download
Help To Buy ISA (pdf)Download
Legal Searches Explained (pdf)Download
The Purchase Process (pdf)Download
Which Survey To Choose (pdf)Download
Helping Hand Mortgage Guide (pdf)Download
You don't want to get bogged down in the complexities of mortgages. So let us deal with the headache for you!
All we need to know is what you want to achieve.
We'll map out the plan and get you there as quickly, easily, and cost-effectively as possible.
Mansfield Business Centre, Ashfield Avenue, Mansfield, NG18 2AE
09:00 – 20:00
Terms & Conditions
Lewis Shaw, FCA registration number 927754, trading as Shaw Financial Services, is an appointed representative of King Mortgages Ltd, which is authorised & regulated by the Financial Conduct Authority, FCA registration number 803561.
There may be a fee for arranging a mortgage. A typical fee is £499; however, this could be up to £998. Any fees will be discussed with you and agreed, in writing, prior to any work commencing.
You may have to pay an early repayment charge to your existing lender if you remortgage.
Some forms of Buy To Let mortgages are not regulated by the Financial Conduct Authority. There is no guarantee that it will be possible to arrange continuous letting of the property nor that rental income will be sufficient to meet the cost of the mortgage.
The guidance &/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers in the UK. As with all insurance policies, conditions & exclusions will apply.
THINK CAREFULLY ABOUT SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME (OR PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Registered Office Address - Mansfield Business Centre, Ashfield Avenue, Mansfield, NG18 2AE
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