First Time Buyer

The prospect of purchasing any home, especially your first home, can be very bewildering and intimidating. Our main objective is to support you through the whole of the process, from beginning until end, to ensure that you fully comprehend everything to do with the purchase. We will assist you in choosing the right solicitor to aid you with the process. As this investment is a great amount, it is important that everything be done efficiently.

Previous to the credit crunch, as the property market was forever moving, there were substantial increases in both residential and commercial property prices. Especially as a first time buyer, this made the affordability of buying a new home very difficult to meet. However, as a result of the 2007 credit crunch, purchase prices rapidly decreased in the UK. This meant that buying a new home was much more affordable. Since late 2013, the housing market has been rising which therefore means that the housing prices have started to rise again. The impacts of the credit crunch and the ongoing global financial uncertainty means that mortgages might still be challenging to find and we believe borrowing criteria will more than likely remain harsh. In order to meet your requirements and find a mortgage that is appropriate, we will search a comprehensive range of mortgages across the market to find the right lender for you.

Getting on the ladder

Although being a first time buyer may be daunting, there are some advantages that come with this status; the interest rates are low and first time buyers are more attractive to sellers as they are not in a chain. Having a large deposit really matters in the current market. The more you can put down, the lower the interest rate you are likely to be offered. While many lenders are prepared to lend purchasers up to 95% of the property price, with the borrower putting in the remaining 5% as a deposit, better deals and rates are available to those who can put down, say, 20% or even more.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME OR PROPERTY. YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

For our advice services, the below fees will be charged as standard, however depending on the complexity of your case, the fee may vary:

• £497 for Purchase
• £997 for Self Build
• £297 for Remortgage
• £497 for Debt Consolidation
• £50 for Product Transfer/Rate Switch

These fees are payable for establishing your needs, undertaking research and making a recommendation.

Our fee becomes payable on completion of your mortgage.

Mortgages

Call us today on 01542 280330 and we'll be pleased to help you.

Mortgage Enquiry Form

Title *

Full Name *

Main Telephone Number *

Mobile Number *

Email Address *

Best time to call *

Your Address

Address *

County *

Town *

Postcode *

Mortgage Requirements

Mortgage Purpose *

Existing mortgage amount *

Have you found a property? *

Yes

Mortgage amount required *

Property Value *

Mortgage term (years) *

Income and Status

Credit history *

Employment Type *

Total Income *

Total loans outstanding *

Total amount owed on credit cards *

Total other monthly commitments *

Marketing Information

How did you hear about us? *

Sensitive Personal Data

We may need to collect sensitive personal data including information about your health, ethnic origin, or criminal prosecutions from third parties such as employers and credit reference agencies, fraud prevention agencies and other similar organisations in order to provide you with the services, for example where you require advice on protection or mortgage products.

Third Party Providers If you consent to us obtaining your sensitive personal data from third parties referred to above for the purpose of providing you with the services, and sharing it with third party providers and TenetLime to obtain quotes on your behalf, for example where we are providing you with protection or mortgages advice as part of our services, please tick this box.

I Consent

Submit your Information

From time to time, we would like to contact you with details about our services, products, business updates and events. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you:

offers and services. *

Yes please, I'd like to hear about offers and services.

No thanks, I don't want to hear about offers and services.

How should we contact you?

Telephone

Post

Privacy Policy * We will use your name, email address and contact number (‘personal information’) to contact you about the services you have requested or respond to an enquiry you have submitted, which will require us to share your personal information with our advisers. For further information on how your information is used, including disclosure to third parties, how we maintain security of your information and your rights in relation to the information we hold about you, please see our Privacy Policy or you can obtain a copy by contacting 01542 280330.

Please tick this box to confirm you have read and understood our privacy policy.

Moneywise Mortgages LTD | Mortgage Adviser Buckie | Mortgage Adviser Moray | Local Mortgage Adviser