Purchasing a new property
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Specialist Mortgage Advisors Nottingham
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Access to best mortgage rates for purchasing
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Assist with first time buyers, home movers and buy to let property purchases.
See what rates you have access today
Buying new property in Nottingham
Make Your Dream Home a Reality!
At Your Mortgage Manager, we have helped many people achieve their goals by purchasing a new property. Whether you’re buying your a first time buyer, moving homes, or investing in property, purchasing real estate is an exciting journey—and one of the biggest financial decisions you'll make. We're here to simplify the process, guiding you every step of the way so you can buy with confidence and peace of mind.
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We know buying a new property can sometimes be stressful, however with our expertise assisting we try and prevent the common issues when purchasing by using our network of professionals to ensure the process is smooth, fast and efficient!
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Get in touch for a Free Mortgage Consultation and let us help you reach your property investment goals.
Book an Appointment
Have a free initial conversation with one of our friendly mortgage advisors to find out more about your circumstances and will give you access to the best mortgage advice and best rates on the market.
Why work with our Nottingham mortgage brokers?
Access to Best Rates
We work with a wide network of lenders, giving you access to exclusive rates and different types of products that are not available directly.
Customised Mortgages
We understand that everyone’s financial situation is unique. We’ll find mortgage options that are tailored to your specific needs and budget.
Expert Guidance
Buying a property involves many steps, our mortgage advisors provides clear, step-by-step guidance through every part of the process. We care about you!
Steps to Purchasing Your Property
1. Assess Your Budget – We’ll help you determine your budget and borrowing capacity, taking into account deposit requirements, loan terms, and other factors to give you a clear picture of your buying power.
2. Get Pre-Approved – With a mortgage pre-approval, you can shop with confidence knowing how much you can afford. We make the pre-approval process fast and simple.
3 Find the Right Property – Once you know your budget, you can focus on finding your dream property. We can connect you with local real estate professionals to make your search easier.
4. Apply for Your Mortgage – When you’re ready to make an offer, we’ll help you navigate the loan application process, comparing options and ensuring you’re set up with the best mortgage for your needs.
Close with Confidence – We’ll work closely with your lender and other professionals to ensure a smooth, timely closing, handling all paperwork and keeping you informed.
Purchasing Property - Frequently Asked Questions
1. What is a mortgage pre-approval, and why is it important?
A mortgage pre-approval is a lender’s assessment of your financial situation to determine how much they’re willing to lend you. It’s important because it gives you a clear budget, shows sellers you’re a serious buyer, and can make the home-buying process faster and easier.
2. How much of a deposit do I need to buy a property?
Deposits generally range from 5% to 20% of the property price, depending on your financial profile and lender requirements. Larger deposits can sometimes secure better mortgage rates.
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3. What are the different types of mortgage?
There are two main types: fixed-rate mortgages, where your interest rate stays the same over a set period, and variable-rate mortgages, where the rate can change based on market conditions. We can help you decide which option aligns best with your financial goals.
4. What factors affect my mortgage approval?
Lenders consider several factors, including your credit score, income, employment history, debt-to-income ratio, and the size of your deposit. Each factor helps lenders determine your ability to repay the loan.
5. How much can I borrow for a mortgage?
Your borrowing power depends on your income, expenses, credit history, and other financial factors. Our mortgage specialists can provide a clear estimate based on your unique circumstances.
6. What additional costs should I expect when purchasing a property?
Beyond the purchase price, there are costs like appraisal fees, inspection fees, closing costs, property taxes, and possibly PMI if your deposit is under 20%. We’ll help you budget for these expenses upfront so there are no surprises.
7. Can I purchase a property if I’m self-employed?
Yes! Self-employed buyers may need additional documentation to prove income, but many lenders offer mortgage options tailored to the self-employed. We can guide you through the process and help you understand the requirements.
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8. Can I purchase a property if I’ve got bad credit?
Absolutely, purchasing a property with bad credit is possible, though it can be more challenging. Our team of mortgage advisors will carefully review your credit situation to understand your unique needs and connect you with lenders who are more likely to approve your application.
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9. What happens after my mortgage application is approved?
Once approved, the lender will complete a property appraisal to confirm the value, and we’ll coordinate with all parties to finalise the closing paperwork. After everything is confirmed, you’ll be ready to close on your new property.
10. How long does it take to get a mortgage and purchase a property?
The process varies but typically takes around 30-60 days from application to closing. Having a pre-approval in place can speed things up significantly, and our team is here to make the process as smooth and timely as possible.
11. Can I use a mortgage broker for refinancing after I purchase a property?
Absolutely. If you’re interested in refinancing to access better rates, shorten your term, or consolidate debt, we’re here to help you find the best refinancing options down the line.
12. How do I know which mortgage is right for me?
The right mortgage depends on your financial situation, goals, and preferences. Our brokers will walk you through different mortgage types, rates, and terms, helping you select the option that best suits your needs.
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Have More Questions? We’re here to make your property purchase journey simple and stress-free. Contact us for personalised guidance and answers to any other questions you have!