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First Time Buyer
Mortgages in Lincoln

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7 days a week, 8am - 10pm

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First Time Buyer
Mortgages in Lincoln

Are you a first time buyer in Lincoln? Discover your borrowing potential and move closer to securing your dream home. Start your mortgage journey with an expert today.

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Looking at Getting a First Time Buyer Mortgage in Lincoln?

Are you a first time buyer in Lincoln looking to get onto the property ladder? If so, we are here to guide you along and help you achieve your mortgage goals, sending you well on your way to receiving the keys to your dream home.

The home buying process can seem a little unpredictable and perhaps even at times a little daunting. It can feel like that for many mortgage applicants but rest assured, our team will work hard to put your mind at ease and take away as much stress as possible.

As a mortgage broker in Lincoln, we have helped many first time buyers achieve their mortgage goals. We have onboard a team of experienced mortgage advisors in Lincoln who will work patiently and effectively alongside you throughout the entire process, answering any questions you may come across along the way.

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First Time Buyer<br>Mortgages in Lincoln

We will be With you Throughout the Whole Process!

Are you looking to get onto the property ladder but are unsure if you are eligible for a mortgage? Then speaking to a mortgage advisor in Lincoln will be beneficial, as it will save you a lot of time and effort in the long run.

When you are ready to make a mortgage application, your dedicated advisor will match you up with the appropriate mortgage lender.

It’s an advisors job to look at your affordability and match you with the correct lender. They will assess your annual salary and any other income you bring in, make sure you are sensible with your outgoings, check your credit history, and make sure that you are managing your finances. These factors will all contribute to how much you can borrow for a mortgage.

Your deposit will also have a significant impact on the mortgages that are available to you.

As a mortgage broker in Lincoln, we have a vast panel of lenders and knowledge of their various criteria. We can look at your income, expenditure, and credit history to recommend the most suitable mortgage to match your circumstances with this knowledge.

How much deposit do I need for a mortgage in Lincoln?

The amount of deposit you’ll need for a mortgage in Lincoln can vary depending on the lender and the type of mortgage you choose. Generally, first time buyers in Lincoln typically aim for a deposit of at least 5% to 20% of the property’s purchase price. However, keep in mind that a larger deposit can lead to more favorable mortgage rates and lower monthly payments.

It’s reccomended to look into mortgage advice in Lincoln. This can be achieved by speaking with one of our mortgage advisor in Lincoln who can assess your financial situation and help you determine the right deposit amount for your specific circumstances.

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FAQ's From First Time Buyers in Lincoln

Are there ways to help me get onto the property ladder in Lincoln?

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You’ll be happy to know that various government schemes are there to help first time buyers get onto the property ladder. Including ones like Lifetime ISAs, and the Right to Buy Scheme.

Our mortgage advisors in Lincoln are familiar with all the up to date government schemes available and will help answer any questions you may have regarding these.

What type of first time buyer mortgages can I get in Lincoln?

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As a first time buyer in Lincoln, you have access to various mortgage options tailored to your needs. Some of the more popular types of mortgages include:

Fixed-Rate Mortgages: These mortgages offer a fixed interest rate for a set period, typically 2, 3, 5, or 10 years. They provide stability in your monthly repayments.

Tracker Mortgages: Tracker mortgages have an interest rate that moves in line with the Bank of England base rate. Your repayments can go up or down based on this rate.

Repayment and Interest-Only Mortgages: You can choose between repayment mortgages, where you pay back both the principal and interest, or interest-only mortgages, where you only pay the interest during the term.

It’s alwasy best to speak with one of our mortgage advisors in Lincoln who can assess your financial situation and help you select the most suitable first time buyer mortgage option. They can also assist you in finding suitable mortgage deals available in the market.

Remember that mortgage availability and terms can change, so it’s essential to stay updated and seek mortgage advice in Lincoln when making important financial decisions.

Why should I speak with a Mortgage Broker in Lincoln?

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With over 20 years of experience offering mortgage advice in Lincoln, we have helped many first time buyers get onto the property ladder.

As a reputable mortgage broker in Lincoln, we take pride in our expertise in assisting first time buyers in Lincoln and regularly face various scenarios when interacting with them.

Our Customers Love Us

Reviews Stars4.99 Rating103 Reviews

Our Simple Mortgage Process

Free 30-Minute Mortgage Appointment

Step 1

During your free mortgage appointment, you will get chance to speak with our trusted mortgage advisor in Lincoln, who will conduct a thorough assessment of your income and expenses.

We Can Search 1000s of Mortgage Deals

Step 2

Our team of experts can search 1000's of mortgage deal for first time buyers in Lincoln. This will set you on the right path towards becoming a homeowner. Following your consultation, we will promptly secure your mortgage agreement in principle (AIP), usually within 24 hours, a handy tool to have when making any offers on a property.

Submit Your Mortgage Application

Step 3

Once your offer on a property is accepted, our dedicated mortgage advisor in Lincoln will take care of submitting your mortgage application and forward any additional documentation required by the lender.

Protecting You and Your Mortgage

Step 4

In addition to finding the most suitable mortgage deal for first time buyers in Lincoln, our team is devoted to helping you obtain comprehensive insurance coverage to safeguard you and your loved ones financially.

Reasons to Choose us

Free Mortgage Appointment

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We have a knowledgeable team of mortgage advisors in Lincoln who have helped many first time buyers get on the property ladder in Lincoln. All our customers are offered a free mortgage appointment that will take place via telephone or through a Microsoft Teams call.

1000s of Deals

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It’s not just about finding you a mortgage. Utilizing our extensive panel of lenders, we can search through 1000’s of first time buyer mortgages to find you the most suitable deal for your circumstances. As a mortgage broker in Lincoln, we aim to take the stress away from the home buying process. Your dedicated case handler will keep you informed every step of the way and explain any mortgage jargon that you may not be familiar with.

Our Service

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If you are concerned that your situation is complex? Rest assured that with over 20 years of experience offering mortgage advice in Lincoln, there is rarely a mortgage scenario that we have not come across. Please don’t hesitate to contact us or book your free mortgage appointment to speak to a mortgage advisor in Lincoln today. We look forward to helping you achieve your mortgage goals.  

7 days a Week

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Our mortgage advisor works 7 days a week until late, ensuring that we have availability at a time that suits your schedule. All our new/existing customers receive a free mortgage consultation. These can be carried out over the telephone or via a video call on Microsoft Teams.

Malcolm and Amy Davidson - Mortgage Advice Lincoln

We Search 1000s of First Time Buyer Mortgages in Lincoln

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Common First Time Buyer Mortgage Scenarios

How much can I borrow?

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Often first time buyers in Lincoln who have just started the process will want an indication of the maximum amount they could borrow. We do provide approximate figures over on our calculator’s page. However, our Mortgage Advisors in Lincoln will be able to give you a more accurate maximum loan amount.

Ready to Make an Offer

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If you have found your first home in Lincoln and would like to make an offer, we recommend you look at obtaining a mortgage agreement in principle (AIP), which is something our Mortgage Advice team will be more than happy to assist you with this. Having an agreement in principle could increase your odds of having your offer accepted against other potential buyers.

You’ve Had an Offer Accepted

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If you have had an offer accepted on a property, we can help get the process started on your full mortgage application. Before making an offer, we would always recommend speaking to a mortgage broker in Lincoln. This way, we can check that you are eligible for a mortgage and generate your AIP to back up any offers you make.

Need an Agreement in Principle (AIP)

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As mentioned above, it is always a good idea to have an AIP before making any offers. Here at Lincolnmoneyman, we can usually obtain you a mortgage agreement in principle within 24 hours. This shows the vendor that you are that you are serious and, in a position, to proceed.

Declined By Your Bank or Building Society

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If you have already approached your bank for a mortgage but have been turned down, there is a possibility that we can still help you. The bank will have their reasons as to why they had declined your mortgage application. As a mortgage broker in Lincoln, we work with a large panel of lenders who offer specialist products. We can look at your circumstances and put you on the correct path as we advance.

If you are looking for first time buyer mortgage advice in Lincoln, please don’t hesitate to contact us or book your free online mortgage appointment to speak to a mortgage advisor in Lincoln today. We are available 7 days till late and will be happy to answer all of your questions. We look forward to speaking with you.

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Lincolnmoneyman.com & Lincolnmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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