Working With You Every Step of Your Mortgage Journey
At Harrogatemoneyman, we understand that the journey of first time buyers in Harrogate can be daunting and overwhelming.
That’s why our experienced team of mortgage advisors in Harrogate are here to provide you with guidance and support every step of the way.
As a customer-focused mortgage broker in Harrogate, we take pride in helping first time buyers in Harrogate achieve their homeownership goals.
Our team’s expertise, combined with our patience and hard work, can make the process significantly easier for you.
Whether you have concerns or questions, we are here to alleviate your stress and ensure that your journey to becoming a first time homeowner is as smooth as possible.
Can I get a first time buyer mortgage in Harrogate?
If you’re purchasing your first residential property in Harrogate or have never owned a residential property before, you are considered a first-time buyer.
However, owning commercial property does not qualify you as a homeowner for mortgage purposes.
Unfortunately, for couples, both partners must be first time buyers in Harrogate to be eligible for first time buyer benefits.
How can we help you get a first time buyer mortgage in Harrogate?
As a well-established team of mortgage advisors in Harrogate, Harrogatemoneyman has a lot to offer first time buyers in Harrogate.
We can determine your eligibility for a mortgage, saving you time and energy that could be wasted if you were to apply directly and get rejected.
We don’t stop at just verifying your eligibility; we also search through thousands of mortgage deals to find one that is suitable for you.
Our vast panel of mortgage lenders and our team’s expertise allow us to match you with the right mortgage.
Making Sure You’re On The Best Mortgage Deal
When it comes to your first mortgage in Harrogate, the financial aspect is crucial. It’s likely the largest expense you’ll ever have.
Our mortgage advisors in Harrogate will help you find the best deal with the best interest rates, while also considering your financial situation.
We will ensure that your mortgage is suitable for your needs and within your budget.
Our mortgage advisors in Harrogate will assess your affordability by looking at your annual salary, other sources of income, spending habits, credit history, and overall financial management.
They may also request to review your payslips and bank statements from the last three months.
Your deposit also plays a crucial role in your mortgage process, as it affects the available mortgage deals.
Most mortgage lenders require a minimum deposit of 5%, but some have higher minimums.
Generally, a higher deposit means borrowing less and reduces the risk of missed payments, which can lead to better rates for you.
You Can Get Help With Your Deposit
As a mortgage broker in Harrogate that has experienced all kinds of mortgage situations in our tenure, with a large portion of those being first time buyers in Harrogate, we also know that sometimes deposit can be the first and most difficult hurdle.
The good news, is that there are ways around that for first time buyers in Harrogate, such as a gifted deposit, wherein a family member or friend gives you the funds to put down an amount (they have to declare it as a gift, it cannot be a loan), to help you get onto the property ladder.
Are there any schemes to help first time buyers in Harrogate?
Gifted deposits aren’t the only way a first time buyer in Harrogate can get help onto the property ladder, however, as there are a variety of government schemes, some of which do help with deposits as well, to ensure you have the best chance of owning your own home.
Some of these include Help to Buy: Shared Ownership, Lifetime ISAs, and the Right to Buy Scheme.
Shared Ownership allows you to purchase only a portion of a property, with the percentage of that varying, paying the remaining amount percentage to a third party as a rental fee (you may be able to increase shares in the future.
Lifetime ISAs are a way for you to deposit money into a savings account, specifically intended for home buying in the future, with the government topping up your savings by a set amount each year. Right to Buy allows eligible tenants to buy their rental property, potentially at a discounted price.
All of these schemes can be incredibly useful if you would like some assistance in buying a home, providing you are eligible for them.
To learn more about the schemes, feel free to take a read of our handy mortgage guides, or give us a call and speak with a member of our team. They’ll gladly answer any answers you have!
Start Your First Time Buyer Journey Today
If you’re ready to take the first step towards owning your dream home in Harrogate, then book your free mortgage appointment today with our experienced team of mortgage advisors at Harrogatemoneyman.
Our team is dedicated to helping first time buyers in Harrogate navigate the often complex and overwhelming experience of obtaining a mortgage.
During your free mortgage appointment, you will have the opportunity to discuss your financial circumstances and home buying goals with one of our friendly and knowledgeable mortgage advisors.
They will take the time to understand your unique situation and offer expert guidance and advice on the best mortgage options available to you.
We understand that the process of a first time buyer mortgage in Harrogate can be daunting and confusing, which is why we are here to provide support and guidance every step of the way.
Our team will work with you to ensure that you have all the information you need to make informed decisions about your mortgage, and to ensure that you are comfortable and confident throughout the entire journey.
At Harrogatemoneyman, we pride ourselves on our customer-focused approach and our commitment to providing high-quality mortgage advice and support to first time buyers in Harrogate.
So, if you’re ready to start your journey towards home ownership, book your free mortgage appointment with us today and take the first step towards securing your dream home in Harrogate.
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