First Time Buyer Mortgage Advice in Cardiff | Cardiffmoneyman

First Time Buyer Mortgage Advice in Cardiff

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As a First Time Buyer in Cardiff taking on such a significant purchase like a mortgage can be an exciting, however, a potentially overwhelming experience if you have little knowledge of the mortgage world. This is where we can help, our team can provide a friendly hand to help guide you through the mortgage journey answering any questions you may have along the way.

 

The first thing to mention is that you are not alone with feeling this way as the home buying process can sometimes come with its hurdles, however, our knowledgeable team strive in providing you peace of mind and take any stress away.

 

Our extensive experience as a friendly Mortgage Broker in Cardiff has provided us with the opportunity to help a plethora of First Time Buyers with their home buying dreams. Throughout the process, one of our expert Mortgage Advisors in Cardiff can provide you with support and answer any queries you may have along the way.

 

Looking at Getting a First Time Buyer Mortgage in Cardiff?

Speaking to a Mortgage Advisor in Cardiff can be very beneficial if you are looking at starting your mortgage journey and want to know if you are eligible. It can save you a lot of time and money in the long run.

 

Your expert advisor will look at your circumstance and find you the most appropriate deal as soon as you are prepared to make a mortgage application.

 

One of our Mortgage Advisors in Cardiff will look at your affordability so they can match you with the right lender. They will determine this by looking into your annual salary as well as other income you bring. Along with this, they will look at how you manage your outgoings and finances as well as your credit history. All of this will provide an indication of the amount you can borrow.

 

The mortgages available to you will also be impacted by the amount you want to deposit.

 

Here at Cardiffmoneyman, we have access to a large panel of lenders with knowledge of their various criteria. Our team can find you the most appropriate deal by looking at your income, expenditure and credit history to get an overall idea of your financial circumstance.

 

What Schemes Are Available to Help First Time Buyers in Cardiff?

There are many government schemes out there that are designed to help First Time Buyers fulfil their homeowning dreams. Some of these include Help to Buy Equity Loan, Lifetime ISAs as well as the Right to Buy Scheme. Have a look at our guides section of our website if you are looking for more insight about these.

 

Our team of Mortgage Advisors in Cardiff understand everything that is going on regarding the scheme available so will be able to answer any questions you may have about these.

How does it work?Get a quote nowMeet your advisor

We search 1000s of mortgage deals across a large number of lenders, including:

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Mortgage Advice in Cardiff for First Time Buyers

With over 2 decades of experience providing Mortgage Advice in Cardiff under our belt, we have dealt with lots of First Time Buyers to achieve their mortgage goals. Here are just a few of the most popular scenarios our team regularly encounter when dealing with First Time Buyers.

How much can I borrow?

We regularly find that First Time Buyers in Cardiff who are at the beginning of their process are wanting to know the maximum amount they could borrow. Our calculator page can provide you with a rough estimate on figures. Our Mortgage Advisors in Cardiff will be able to provide with a more accurate maximum loan amount.

Ready to Make an Offer

When you have found your first home in Cardiff and are looking to make an offer, we advise that you begin looking at getting a mortgage agreement in principle (AIP). This is something our Mortgage Advice team will be able to help you with. You can increase your chances of getting your offer accepted against other potential buyers by having an agreement in principle.

You’ve Had an Offer Accepted

Our team can help kickstart the process of your full mortgage application as soon as you have had acceptance on a property. We always recommend that you speak to a Mortgage Broker in Cardiff prior to making an offer so we can check if you are eligible for a mortgage and get you an AIP sorted to back up your offers.

Need an Agreement in Principle (AIP)

Mentioned above, it is very beneficial to have an AIP to back up any offers. Here at Cardiffmoneyman, our team can get you an agreement in principle sorted generally within 24 hours. Having this with you can show from the vendor’s perspective that you are serious and ready to proceed.

Declined by your Bank or Building Society

In the circumstance where you have been declined by your bank for a mortgage, there is a chance that our team can still help you. There are a number of reasons why the bank may decline your mortgage application. As a knowledgeable Mortgage Broker in Cardiff, we have access to a large panel of lenders who offer specialist products. Our team will look into your circumstance and advise you on the most appropriate path.

Get in touch if you are looking for First Time Buyer Mortgage Advice in Cardiff or you can book your free online mortgage appointment to speak to one of our expert Mortgage Advisor in Cardiff today. Our team are here 7 days a week to till late to answer any of your mortgage questions. We look forward to hearing from you!

Why choose Cardiffmoneyman for First Time Buyer Mortgage Advice in Cardiff?

Over time, our team of expert Mortgage Advisors have helped a myriad of first time buyers begin their mortgage journey in Cardiff.

 

Here at Cardiffmoneyman, we offer all our customers a free mortgage appointment which can be carried out over the telephone or via video call on Microsoft Teams. We understand that all our customers have varying lifestyles which is why our Mortgage Advisors are available 7 days a week and have appointment slots that can work around your schedule, subject to availability.

 

If you feel your situation is too complex for our team to help you don’t hesitate to get in touch as it is very likely we have encountered a mortgage scenario to yours before and can provide you with the appropriate Mortgage Advice in Cardiff.

 

Our goal is to find you a mortgage deal that is perfect for your situation. We have access to a large panel of lenders so we can search through 1000’s of deals for your situation.

 

Having a Mortgage Broker in Cardiff by your side can help relieve the stress of the home buying experience. Throughout the process, your assigned case handler will keep you updated about what is happening as well as explain any mortgage terms you may not understand.

 

Get in touch with our team or book your free mortgage appointment so we can connect you to an expert Mortgage Advisor in Cardiff today.

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Common mortgage
questions

Your free initial mortgage consultation will last around 30-60 minutes. During your consultation, you will get to speak with your dedicated Mortgage Advisor in Cardiff. Their job will be to get a better understanding of your mortgage needs and situation so that they can search for the perfect mortgage deal for your personal and financial situation.

Typically, most High Street Lenders will require a 5% deposit from you. However, depending on your credit history, your lender may ask for 10%-15%.

It can still be possible to get a mortgage, even with bad credit problems in the past. Even though it may be a little harder, it isn’t impossible!

You may have to put down a higher deposit if you have bad credit, this could be 10%-15%.

Your first job is to carry out our mortgage Fact Find so that we can get an idea of your mortgage needs and what sort of deals you want to be looking for.

Afterwards, we will book you in with a Mortgage Advisor in Cardiff who will get a couple more pieces of information from you.

Then we can arrrange an Agreement in Principle for you within 24-hours to increase the chances of the seller accepting your offer.

If you’ve found yoru dream home, and are happy with our mortgage recommendation, we can start the mortgage application process! A formal mortgage offer can take longer than 3 weeks, during which, we will keep you informed with the progress of your application.

As a Mortgage Broker in Cardiff, we recommend that our applicants obtain an Agreement in Principle (AIP) as soon as possible. Having an AIP whilst you’re viewing properties can increase your chances of being accepted by the seller. It may also allow an opportunity for price negotiation.

Once you have an Agreement in Principle (AIP) in place, it should last between 30-90 days. If your AIP expires, you can easily renew it by getting back in touch with your Mortgage Advisor in Cardiff.

First of all, your free mortgage consultation should last around 30-60 minutes. Once this is complete, your Mortgage Advisor in Cardiff will obtain an Agreement in Principle for you within 24-hours. Then, if you are happy to proceed with the deal that your advisor has recommended, we can submit your mortgage application. A formal mortgage offer can take on average around 3 weeks to return.

During your mortgage application, you’ll be asked to provide evidencing documents:

– Latest 3 Payslips (Employed), Last 2 years’ Accounts (Self-Employed)
– Latest 3 Months’ Bank Statements
– Latest P60
– Photographic ID

During your mortgage application in Cardiff, if you’re Self-Employed, you’ll need to submit at least one year’s accounts. As a Mortgage Broker in Cardiff, we’ve found that most lenders use your salary plus dividend to calculate the maximum mortgage amount that you can borrow. Although, some lenders may choose to go off your net profit.

Depending on why you want to get a second mortgage, it may be easier to get one than not.

There are various reasons why someone may want a second mortgage, for example:

– Buy to Let
– Debt Consolidation
– Home Improvements
– Second Home
– Marital / Relationship Breakdown

We make it so easy!
Our 4 step process

Step 1

A telephone test call where we can take some initial details and find out about your plan of action.

Step 2

Enjoy finding a property!

Step 3

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Step 4

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

A telephone call where we can take some initial details and find out about your plan of action.

Enjoy finding a property!

Make an offer on the property you set your heart on – we’ll finalise your figures and help you to get a good deal.

Our mortgage recommendation. We’ll try to find you the best mortgage deal. We’ll be there to support you, right through to you getting your keys.

Handy quick links

Cardiffmoneyman.com & Cardiffmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
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

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

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Cardiffmoneyman, 4th Floor, 14 Museum Place, City Centre, Cardiff, CF10 3BH.

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