First Time Buyers In Nottingham

Let’s Get Started

Before you start searching for your new home, it’s important to understand your options. Our Nottingham mortgage brokers will assess your financial situation to help you set a realistic budget. Be prepared with documents such as payslips, bank statements, proof of deposit, and if you’re self-employed, your SA302 forms.

Once we’ve reviewed your information, we’ll calculate how much you can borrow comfortably and outline your monthly costs. We’ll also make sure you understand all the additional costs involved, including your deposit, lender fees, solicitor fees, survey costs, and stamp duty.

Legal Services

Your solicitor will handle the conveyancing process, which is the legal transfer of property ownership. If you don’t yet have a solicitor, we can recommend a trusted professional who will support you throughout the process. Working with us ensures you’ll receive the best possible service from both our Nottingham mortgage advisors and your chosen legal expert.

What’s Next?

After we’ve discussed your options, we’ll apply for a decision in principle from your chosen lender. This will involve a credit check and a review of your financial situation. Once you’re approved, we’ll help you with the next steps, ensuring the process is as simple and efficient as possible.

Looking for Your New Home

Once your budget is set, it’s time to start searching for your dream home. Our team is here to support you with expert advice every step of the way. We can even recommend trusted property agents to help you find the perfect place.

Putting in an Offer

As a first-time buyer, you may have an advantage, as sellers often prefer buyers who are not part of a chain. Our advice ensures you’re in a strong position to make an offer. Once an offer is accepted, we’ll assist you with the formalities and instruct your solicitor to begin the legal work.

Property Surveys

Your lender will require a property survey to ensure the home’s condition and value are suitable for your mortgage. We’ll help guide you through the different survey options, from basic valuations to more comprehensive structural surveys, depending on your needs.

Time to Apply for Your Mortgage

Once you’ve found the right home, we’ll check that your first-time buyer mortgage rates are still the best available and submit a full application to your lender. We’ll ensure all supporting documents are in place, making the process as easy as possible for you.

Almost There

Your solicitor will complete the necessary searches and draft contracts for both you and the seller to sign. Once this is done, you’ll be ready to exchange contracts. You’ll need to have your deposit ready, and we’ll also ensure you have the required buildings insurance in place.

Moving Day

Completion day is when you’ll receive the keys to your new home. Your solicitor will transfer the funds to the seller, and you can begin the exciting process of moving in. Your first mortgage payment will typically be due a month after your move-in date, and we’ll help you with the timing.

Throughout the journey, our Nottingham mortgage advisors will liaise with estate agents and solicitors to ensure everything runs smoothly. Even after you’ve moved in, we’ll stay in touch, offering ongoing support and advice for your mortgage needs. Whether you need remortgage advice in Nottingham or help with mortgage protection, we’ll be here to assist.

For more information or to discuss your first-time buyer mortgage, please fill out the callback form, and one of our experts will get in touch with you.