JMH Financial

First Time Buyers

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First Time Buyers

Buying your first home can be an emotional journey and at JMH Financial we are here to support you every step of the way, ensuring the process is as stress-free and enjoyable as possible while providing expert advice tailored to your needs.

As a first-time buyer, you will receive your personalized buying pack that includes an Agreement in Principle, Solicitors Instructions, and guidance on maximum affordability and budgets, helping you navigate the housing ladder with confidence. Our team will offer valuable insights on properties, pricing, and offers, as well as connect you with the best mortgage deals that fit your situation.

You will have an Executive Assistant alongside your advisor to keep you informed and updated throughout the application process, answering any questions you may have. We are committed to helping clients no matter their location within the UK, and we offer flexible communication options including in-person meetings in Newcastle & the North East, phone calls, and virtual meetings via Zoom or Microsoft Teams to provide our 5-star rated advice. With clients from Scotland to Wales and throughout England, you can count on us to be with you every step of the way.

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First Time Buyer Mortgage Advice North East

Our Seamless Process

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Step 1

Get In Touch

Contact us to discuss your requirements and let one of our financial experts guide you through the straight-forward process.

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Step 2

Consultation & Advice

We will then go through your personal information and get a better understanding of what you need and access the whole of market give advice on products and proceeding.

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Step 3

Proceed

We process your application, guide you through all the necessary steps to facilitate your financial requirements.

Get in Touch

Frequently Asked Questions

We have all the answers to all your questions… get in touch today for a quick informal no obligation chat.

How much can I borrow?

As a first-time buyer, determining how much you can borrow is a crucial step in your home-buying journey, and it often hinges on factors such as your income, credit score, and existing financial commitments, but rest assured, our team at JMH Financial is here to guide you through this process, providing tailored advice to help you unlock the potential of your dream home and ensuring you feel confident and informed every step of the way.

What will my payments be?

As a first-time buyer, understanding your potential payments can feel overwhelming, but it’s essential to see it as an exciting step towards homeownership; factors such as your mortgage amount, interest rate, and the loan term all play pivotal roles in shaping your monthly outgoings, and by partnering with JMH Financial, you can demystify this process and gain clarity on what fits within your budget, ensuring that your journey to owning your first home is not only achievable but also tailored to your financial comfort and aspirations.

How much does buying a house cost?

Buying a house is a significant investment that goes beyond just the purchase price; it encompasses a variety of costs such as stamp duty, insurance, legal fees, and ongoing expenses like maintenance and utilities, all of which contribute to the overall financial landscape of homeownership and should be carefully considered in your budgeting process.

What type of mortgage should I get?

Choosing the right mortgage can feel overwhelming with so many options available, but at JMH Financial, we believe it starts with your unique financial situation and future goals; whether you prefer the stability of a fixed-rate mortgage, the flexibility of a variable-rate option, or a more tailored solution like a tracker mortgage, our expert advisors are here to guide you through each step, ensuring that you make an informed decision that suits your lifestyle and budget, so you can focus on turning your dream home into a reality.

How long should my mortgage run for?

Choosing the right mortgage term is a crucial decision that can shape your financial future, as it influences your monthly payments, the total interest paid over the life of the loan, and your overall flexibility in managing your finances; typically, mortgage terms range from 15 to 30 years, with shorter terms featuring higher monthly payments but lower total interest costs, while longer terms offer lower payments but can lead to increased interest over time, ultimately the best term for you hinges on your individual circumstances, including your current budget, long-term financial goals, and how long you plan to stay in your home, so take the time to evaluate your options carefully and consult with a mortgage advisor to find the perfect fit for your needs.