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First Time Buyer Mortgage Advice in Liverpool

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0151 438 2295

We’ll be With you Every Step of the way!

The home buying process can be understandably daunting, especially if it’s your first time trying something like this. There’s a lot of competition on the market, and the estate agent doesn’t make it any easier. Our experienced team of friendly Mortgage Advisors in Liverpool will work alongside you, to ensure your property-owning dreams become a reality.


First Time Buyer Mortgage Advice in Liverpool

It’s our job, our responsibility to search through thousands of mortgage deals for you. We work with the aim of finding the absolute most appropriate deal for your personal circumstances. No matter whether you’re buying a property by yourself, with a friend or partner, or are having a hard time, give our Mortgage Advisors in Liverpool a call and we will see how we are able to help you out.


It’s always handy to obtain an Agreement in Principle early on in the process, especially if you’re at the point where you’re ready to make an offer on a property. Our Mortgage Advisors in Liverpool are able to assist with this, usually being able to present this within 24 hours. AIP’s last roughly 30-90 days, but there is no pressure to offer the first property you see as these can be refreshed.


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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Common First Time Buyer Mortgage Scenarios

We only have your best interests at heart! As a dedicated and experienced Mortgage Broker in Liverpool, our friendly team will do their best to make the mortgage process as easy and stress-free as they can, avoiding things like industry jargon. Here are some of likely First Time Buyer mortgage scenarios that we commonly come across with our customers:

  • Curious on the amount you would be able to borrow and what your monthly repayments could be?
  • Ready to make an offer on a property and would like some help?
  • Had an offer accepted and are ready to get started on your mortgage application?
  • You have encountered some problems with the process so far and need a Mortgage Broker in Liverpool to help get you back on track?


Contact us to book your free mortgage consultation with an experienced and dedicated Mortgage Advisor in Liverpool. We will work with you to ensure your dreams of making the property ladder are achieved.

How much will I need for my deposit?

First-Time Buyers in Liverpool only require a minimum deposit of 5% of the property value. This deposit can come from savings if you have enough to do so, or even a gifted deposit from a friend or family member (possibly early inheritance). Depending on what the circumstances are around your situation, you may also be able to have a combination of gift and savings.


Currently renting?

We often find that buying a new home and taking out a mortgage can be cheaper than renting privately. If you are currently renting and would like to possibly purchase the property from your landlord or housing association, it’s worth checking to see if you are eligible for the Right to Buy scheme. Speaking to your local authority can help provide some clarity on this for you.


Are you a First-Time Buyer looking for Mortgage Advice in Liverpool? If so, then please get in touch by calling 0151 438 2295 or drop us a message.

What our customers say

Common mortgage

As your Mortgage Broker in Liverpool, our first job is to carry out a Fact Find on you to get a bigger picture of your personal and financial situation, so that we can recommend the most suitable mortgage for you. In order to obtain an Agreement in Principle, you will also need to have a credit check performed on you. Once you have provided all the relevant evidential documentation and a valuation of the property has been undertaken, a formal mortgage offer can be issued.

Your free mortgage consultation with Liverpoolmoneyman will last around an hour. After your details have been taken, a Mortgage Advisor in Liverpool will then search through thousands of mortgage deals to find a perfect matching deal for you. Once we recommend the deal, you can decide whether to proceed with us or not, it’s completely up to you!

We always recommend that you obtain an Agreement in Principle before you start viewing properties in Liverpool, as they can potentially put you in front of other buyers who don’t have one. Lenders will like the fact that you have prepared before making an offer.

An Agreement in Principle typically remains valid for between 30 and 90 days, but this can change depending on your lender. If your Agreement in Principle expires it can always be refreshed. A Mortgage Broker in Liverpool like us can usually get one sorted for you within 24 hours within your application.

Yes, you can get a second mortgage. You can take out a second mortgage for your current home for things like debt consolidation and home improvements. It is also possible to take out a second mortgage for another property if you want. Usually, this situation comes about when people are interested in a holiday home, are buying for a friend/family member or want a Let to Buy or Buy to Let.

The minimum deposit when buying a house in Liverpool with high street lenders is typically 5%. You will rarely find lenders that will accept a minimum of less than 5%. This minimum can be higher if you have had bad credit in the past.

It is possible but it can be a bit tricky though. When you have had previous credit problems your minimum deposit that is required could rise, we have seen it at 15% before. Having a Specialist Mortgage Broker in Liverpool could really help you get back on track in situations like these.

After you have proven at least one year’s accounts to your lender, you should be able to get a mortgage. Most lenders in Liverpool will use your salary plus dividend to work out your maximum mortgage, however, some can go off your net profit.

If you’re an employee, you will usually have to supply three payslips in order to prove your income. If you are Self Employed in Liverpool its normally the latest 2 years’ accounts. You will also need to produce proof of ID, address and 3 months’ bank statements.

Our free initial mortgage consultation can last up to an hour. As an experienced Mortgage Broker in Liverpool, after we have all of your information we can get you an Agreement in Principle within 24 hours or your phone call. On average, a formal mortgage offer takes about three weeks.

We make it so easy!
Our 4 step process

Step 1

A preliminary telephone call where we can take some initial details and find out what you are looking to do.

Step 2

Obtain a Mortgage Agreement in Principle to support any future offers you make. You're now ready to start looking for a property.

Step 3

Make an offer on the property you want! Our team will finalise any details and find you the most appropriate deal!

Step 4

The final step, our mortgage recommendation. We'll make sure this is the best deal you can get. You will continue to have our support right until you get the 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.

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Liverpoolmoneyman.com & Liverpoolmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited registered in England, registered number 6789312 and registered office 10 Consort Court, Hull, HU9 1PU.

© 2022 Liverpoolmoneyman

Liverpoolmoneyman, Rodney Chambers, 40 Rodney Street, Liverpool, L1 9AA.

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