First Time Buyer Mortgage Advice in Liverpool

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Holding your hand through the whole mortgage process!

Buying your own home can be a huge achievement as you take on one of the largest financial commitments of your life.  


Taking that first step on the property ladder as a First Time Buyer can be a little daunting.  Along your journey, you will have an expert Mortgage Advisor in Liverpool by your side to help you obtain the keys to your dream home.  


How much deposit do I need to apply for a mortgage?

The amount of deposit you need should be a minimum of approximately 5-10%, this will vary depending on how well your credit score is. A common drawback for young First Time Buyers is that they don’t have a strong enough credit score to begin with. 


We tend to find as an experienced Mortgage Broker in Liverpool that First Time Buyers who have a credit score will usually have a good one. If you are in this position, it’s possible that you have access to a higher loan-to-value (%), like a 90-95% mortgage. 


Despite this, there is some cases where a First Time Buyer has a lower credit score. This can limit the amount of access you would have to lower loan-to-values which means you will need to put down a much larger deposit, usually upwards of 15%. By doing this, the lender can reduce the risk by lending less to you overall. 


Another factor that can vary the deposit is the price of the property you are looking to purchase. Your mortgage amount is a percentage of the property price.  

Is there anything that can help get me onto the property ladder?

Luckily, there are other government mortgage schemes that can be helpful for those who struggle to meet the minimum requirement for a deposit required. Therefore, as a First Time Buyer in Liverpool, this could be an option for you! 


The following are just a number of popular mortgage schemes that you may have access to; 


– Help to Buy: Equity Loan Scheme 

– Help to Buy: Shared Ownership Scheme 

– First Home Scheme 

– Lifetime ISA


These schemes will require you to meet the criteria before you can access them. Therefore, we recommend you visit the government OwnYourHome website which can provide further information regarding these schemes. Get in touch with an expert Mortgage Advisor in Liverpool who will go through each scheme with you. 


Take advantage of our free initial mortgage appointment which you can book to get more First Time Buyer Mortgage Advice in Liverpool. Here at Liverpoolmoneyman, we have a responsive and friendly team who are available from early until late, 7 days a week to look into your case and help with the application. Your journey on the property ladder should not be all scary! Take that step with the help of Mortgage Advisor in Liverpool. 

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 Liverpool for First Time Buyers 

Our extensive years of experience has given our team to help a plethora of First Time Buyers start their homebuying journey. Through using our expert knowledge, we are proud to provide excellent Mortgage Advice in Liverpool. 


Below we have compiled a list of a range of scenarios that we have encountered on a regular basis. 


How much can I borrow?

We tend to find that a First Time Buyer gets in touch with Liverpoolmoneyman at the start of their mortgage process. The general reason for this is they want to know how much they could borrow for a mortgage.  


Our mortgage calculators on our website are great for First Time Buyers looking for a rough estimate, however, this won’t factor in your financial circumstance so do keep this in mind. If you are looking for a more accurate amount, an expert Mortgage Advisor in Liverpool can help you with this. 


Ready to Make an Offer 

Another benefit of having a Mortgage Broker in Liverpool, like ourselves, by your side is our support and guidance from our expert team of Mortgage Advisors when you are at the point of wanting to make an offer on the property you like.


Here at Liverpoolmoneyman, we are able to obtain your mortgage agreement in principle for you which is usually done within 24 hours of your initial appointment. Having this with you can be great when making an offer as it is likely to increase your chances of getting accepted. 


You’ve Had an Offer Accepted 

Speaking to a Mortgage Advisor in Liverpool can be beneficial before making any offers. We can begin the mortgage process as soon as you as you get your offer accepted on your dream home. 


If you are wanting to know if you are eligible for a mortgage and are looking to get an agreement in principle to back up your offers, get in touch with a Mortgage Advisor in Liverpool who can help you with this. 


Need an Agreement in Principle (AIP) 

Generally, our team can arrange to get you a mortgage agreement in principle within 24 hours of your mortgage appointment. As mentioned, having an AIP to hand can be very helpful for making any offers because it shows the seller you are prepared to progress with your mortgage case. 


Declined By Your Bank or Building Society 

It can be common for customers to get in touch with us when they have previously been declined for a mortgage by the bank. This could be for a number of reasons; however, our team are available to help you with this.  


As part of our tailored service, our team are able to provide the support you need to get you on the best option for your personal and financial circumstances. Due to being an expert Mortgage Broker in Liverpool, we have exposure to a large range of mortgage lenders, with a number of these offering specialist products.  


Our team are available 7 days a week to provide fast & friendly mortgage advice and answer any mortgage questions, particularly for First Time Buyers in Liverpool. We look forward to supporting you on your mortgage journey! 

Why choose us to help you buy your first home in Liverpool?

Through helping many First Time Buyers on their mortgage journey, our Mortgage Advisors in Liverpool have built up valuable experience in order to help many more First Time Buyers taking that first step on the property ladder.


We understand all our customer’s day to day lives are different which is why our dedicated Mortgage Advisors work every day of the week, from early until late at night.


You can decide to either carry out your free mortgage appointment via the telephone or Microsoft Teams video call.


If you are thinking that your situation is too complex, however, our 20 plus years of experience providing Mortgage Advice in Liverpool has provided us with a range of mortgage circumstances. Therefore, you may find that your situation is one our team has encountered before.


The journey of obtaining a mortgage can have its obstacles, which is why we are available to answer any questions you may have. All our customers are treated as an isolated case which is part of the personalised service we provide.


We know that as a First Time Buyer in Liverpool, you want a deal that is perfect for your situation. Our advisors can search through 1000’s of mortgage deals with an aim to find you the deal that is appropriate for your circumstance. As well as this, we will by your side to provide any support throughout the process.


Our goal is to make your mortgage experience as stress-free as possible. Your dedicated case manager will keep you updated in the process keeping any technical jargon to a minimum.


Contact us to speak to a member of our team who will get you booked in for your free mortgage appointment with an expert mortgage advisor today.

Reviews Stars4.98 Rating204 Reviews

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.

Handy quick links & Liverpoolmoneyman 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

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

© 2023 Liverpoolmoneyman

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

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