Read our 17 Reviews
Taking out a mortgage is a huge financial commitment. Any First Time Buyers in Scunthorpe may find the mortgage process to be daunting. As an open & honest Mortgage Broker in Scunthorpe, it’s our job to make the process as stress-free as possible and find you the most suitable mortgage deal.
Here at Scunthorpemoneyman, our service goes beyond the mortgage, it’s all about the customer journey, how you got there and what happens next. We aim to keep the process simple and keep you in the loop at all times. Your Mortgage Advisor in Scunthorpe will be by your side at all times.
Depending on your credit score, can determine the amount of deposit required for a mortgage. We tend to find that First Time Buyers in Scunthorpe who have a good credit score, will have access to better mortgage rates and can put down a 5% deposit of the purchase price.
If you are a First Time Buyers in Scunthorpe with a much lower credit score, you may only have access to much higher rates and be required to put down a 10-15% + higher deposit.
Your deposit amount will also be different depending on the type of property you are looking to buy. The more expensive the property, the larger deposit needed.
If you are struggling to save for the minimum deposit that is required, you may be eligible for one of the many governments help to buy schemes. These schemes were introduced as a means of helping First Time Buyers in Scunthorpe get onto the property ladder.
The schemes available currently include the Help to Buy Equity Loan, Shared Ownership, Mortgage Guarantee Scheme, the First Home Scheme, as well as a handful of others. Every one of these schemes is designed to help home buyers get onto the property ladder. To see find out if you qualify for any schemes, speak to a Mortgage Advisor in Scunthorpe today.
If you are a First Time Buyer in Scunthorpe, looking for quality Mortgage Advice in Scunthorpe. Book your free mortgage appointment with one of our Mortgage Advisors in Scunthorpe. They’ll be able to help you check eligibility and apply for your mortgage.
Having over 20 years of experience working in the mortgage industry, our Mortgage Advisor in Sunderland has helped many First Time Buyers in Sunderland, get onto the property ladder.
There is rarely a situation that our Mortgage Advisors in Scunthorpe haven’t encountered before that they’ve resolved in the past. Below we felt it was best to compile a list of common First Time Buyer Scunthorpe questions, we often hear from customers who have spoken with a member of our team.
Many First Time Buyers in Scunthorpe wonder about the maximum amount they can borrow and their monthly costs. Your Mortgage Advisor in Scunthorpe will provide the exact amount on this.
We recommend is to obtain an Agreement in Principle, which you may also see being referred to as a Decision in Principle, Mortgage in Principle, DIP, or AIP. Having this piece of documentation means that you have passed the lender’s initial credit check.
This shows the seller that you’re in a position to progress if they accept your offer, putting you ahead of other buyers. The good news is, one of our Mortgage Advice in Scunthorpe Team can turn around an Agreement in Principle within 24 hours of your initial appointment.
Get back in touch with your Mortgage Broker in Scunthorpe. They will then proceed with your mortgage application. If hurdles get in the way, your expert Mortgage Advisor in Scunthorpe will have come across something similar in the past and know what to do to end up with a good outcome.
We often hear from First Time Buyers in Scunthorpe who have been turned away from their bank for a variety of different reasons. Our team of Specialist Mortgage Advisors in Scunthorpe will work hard to find a solution for any issues you may face during your process. Book yourself in for a free mortgage appointment today.
As a Mortgage Broker in Scunthorpe, we love helping First Time Buyers in Scunthorpe get onto the property ladder. Throughout the entire process, your Mortgage Advisor in Scunthorpe will be by your side, ready to answer any questions you may have about your mortgage journey.
One of the many benefits of a Mortgage Broker in Scunthorpe is we can search 1000’s of mortgage deals to find the most suitable one that suits your circumstances.
Another, is we are available seven days a week and aim to take the stress away and solve any hurdles we encounter along the way. The best part of our job is finding a property that you like and receiving the keys!
Please read our genuine customer reviews, as they are a true reflection of the level of dedication and support, we provide to all customers, on top of providing a quality service. To speak to one of our Mortgage Advisors in Scunthorpe, book your free mortgage appointment today.
4.82 Rating17 Reviews
Donna
FANTASTIC AND OUTSTANDING SERVICE!! Unfortunately the purchase of our new home was rather difficult, we had devaluations and chains falling through, so to say the least it was testing!! we had a very stressful, hard 7 months to get to the...
Stuart
Dealt with my mortgage arrangement and application in super quick time. Very efficient and would recommend to everyone.
Rebecca
Leo and Lyndsey were fantastic! No issues at all, and all very quick and efficient. Thankyou so much
Anonymous
She was so helpful. I felt hopeless after just having my mortgage declined by a high Street bank and she's given me some hope again.
Akvile
Amazing and really friendly service. Really glad I choosed this company for my remortgage. I would definitely recommend this company to everyone
Jonathan
I would highly recommend Scunthorpemoneyman to anybody needing the service. They have been very quick to respond to any questions and I have had to do next to nothing through the hole process they have handled everything brilliantly.
Samanatha
Fantastic advice and guidance throughout the full process. Malcolm and his team were extremely knowledgeable, efficient and responsive during our mortgage application. When we came across obstacles, these were dealt with quickly and advice given on...
Amelia
Absolutely fantastic service from all at Scunthorpe money man. The staff are so friendly and helpful, nothing is too much trouble, any questions answered. Kept up to date all the way through, I would recommend to anyone. Many thanks for all...
Samantha
Outstanding service from start to finish with every member of the team helpful and friendly. I could rely on them for advice and updates at all stages.
Thomas
Wow..... what a fantastic team they are Matt,Mel and Wendy did a fantastic job for me been messed around by other brokers in the past but from the very first phone conversation I knew they had my best interests. Fantastic communication always kept...
Anonymous
Thanks so much to the team. You made everything so easy and clear. I would highly recommend your services.
Richard
Great communication from start to finish and even after finding a mortgage deal for us Jason kept looking and found a even better one at .5% less
Jayne
A fabulous company to deal with who put my mind at ease and everything that they required in the manner of documentation was never a problem, Matt, Leanne and Wendy kept in constant contact with me and gave me a 5 star service, in actual fact it was...
Kenneth
I can’t thank Matt and Mizna enough for all there help and hard work! Nearly time to sign for our house and it wouldn’t have been possible without the help of Scunthorpe Money Man! Thank you all!!
Sophie
Absolutely fantastic staff! I stumbled across Scunthorpe Money Man on google, with just one call the ball was rolling...fast, efficient, friendly and supportive. People say mortgage applications are stressful and boy they are not wrong but with the...
Chris
Very happy with the service provided, Excellent service from start to finish. I would definitely recommend Scunthorpe Moneyman and would use them again in the future. 5* Experience.
Your free mortgage consultation in Scunthorpe with a dedicated advisor will last for approximately 30 mins. From that point, we will then recommend a mortgage for you, with no obligation to accept and proceed if you change your mind at any point.
We will carry out a Fact Find to establish your individual circumstances and needs prior to recommending the most suitable mortgage. A credit check is something that will be required for an Agreement in Principle. Once you have given all the relevant documentation and a valuation of the property has been undertaken, a formal mortgage offer can then be issued to you.
To avoid facing disappointment at a later stage, we recommend you obtain an Agreement in Principle before you begin any property viewings in Scunthorpe. At the very latest you should obtain one before you start making offers, as that will assist your bargaining position.
An Agreement in Principle will generally last for anywhere between 30 and 90 days depending on the mortgage lender. If your Agreement in Principle expires, your mortgage advisor in Scunthorpe can refresh this for you.
It may be possible to get a second mortgage on your home if you’re looking to work towards debt consolidation or any home improvements, as well as if you’re wanting to use it for yourself, a family member, a holiday home or a potential Buy to Let.
The minimum deposit when for a property purchase in Scunthorpe with High Street Lenders is 5%, though it can be higher if you have had prior credit problems.
If you have a recent history of credit problems, it’s not impossible for you to get a mortgage, though you may possibly be required to put down a slightly higher deposit than typically expected, perhaps 15% of the property purchase price.
The documents you will need if you are an employee are three payslips to prove income and for self employed, you will need the latest 2 years’. As well as this, you will also need proof of ID, address and 3 months’ bank statements.
A free consultation usually lasts up to 30 mins or so. An agreement in principle can be ready for you within 24 hours. It takes on average three weeks for a formal mortgage offer.
You will be eligible for a mortgage but only once you have submitted at least one year’s accounts. Many Lenders calculate the maximum mortgage by taking your salary plus dividend, however, others are known to go off your net profit.
A telephone test 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.
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.
