Popular First Time Buyer Mortgage Scenarios
With over 20 years of working experience in the mortgage industry to our name, our team of mortgage advisors in Sunderland have helped many first-time buyers in Sunderland get onto the property ladder.
There is rarely a situation we encounter that we haven’t resolved in the past. Below we felt it was best to compile a list of common first-time buyer questions we often hear from customers who have spoken with one of our team:
What will my costs be? How much can I borrow?
Many first time buyers in Sunderland wonder how much they can borrow and their monthly costs. Your mortgage advisor in Sunderland will provide a rough estimate on this, giving you a more precise picture.
I’ve seen a property that I like – What’s the next step?
The next step 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 an Agreement in Principle means that you have passed the lenders initial credit check.
One of the bigger benefits to this document, is that it shows the seller that you’re in a more significant position to progress if they accept your offer, putting you ahead of other buyers.
Usually, a member of our mortgage advice team can turn around an Agreement in Principle within 24 hours of your initial appointment.
My offer got accepted, and I will like to proceed with my mortgage application?
Speak to your mortgage broker in Sunderland to give them the good news. We will progress your mortgage application and deal with all the paperwork on your behalf.
If we encounter any hurdles, your expert advisor will have come across something similar in the past and know what to do to end up with a favourable outcome.
My bank turned me away, can I still get a mortgage?
We often hear from first time buyers in Sunderland who have been turned away from their bank for a variety of different reasons.
Our team of specialist advisors in Sunderland will work hard to find a solution for any issues you may face during your process.
For a more tailored service, get in touch and get booked in for a free mortgage consultation.
Why choose us for first time buyer mortgage advice in Sunderland?
Our team love helping first time buyers, from your initial call, right through to getting the keys to your dream home, your mortgage advisor in Sunderland will be by your side, ready to answer any questions you may have about your mortgage.
Unlike the high street banks, we can search thousands of mortgage deals to find the best one that suits your circumstances. We work solely for you, with no ties to the banks, building societies or estate agents.
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. The service you receive and your happiness is essential to us.