We are your Hinckley Mortgage Advice specialist! Based in the Atkins Building in Hinckley, we provide whole of market mortgage advice, Finding and purchasing your first home can be one of life’s most stressful experiences.
With years of experience working with first time buyers we’re here from start to finish to ensure buying your first home is a memorable journey, for all the right reasons!
Your mortgage advisor will ensure you know exactly how much you can borrow along the associated monthly payments, interest rates & other costs.
We’ll get you ahead of the competition! Ensuring you’re financially prepared with an agreement in principle so you’re ready to secure your first home!
If you know what you’re looking for, let estate agents know! It’s a competitive market and local agents will be happy to help you find the right house for you if you’re a financially prepared buyer.
Viewings will help you understand what your key requirements for your house are and will allow you to compare one house to another. Sometimes you’ll buy the first house you view, or you’ll maybe view twenty!
We’ll help you put forward your best offer to the estate agent as a financially prepared buyer, this is where your agreement in principle is so important!
We’ll apply for your mortgage on the same day your offer is accepted, your solicitors will also be instructed at the same time – the process towards getting your keys begins!
If you’re looking to buy your first home be sure to get in touch.
You will find the exact amount you can borrow will vary from each bank and building society. Our specialist mortgage brokers will ensure we find the right mortgage for your circumstances and show you exactly how much you can borrow with various different lenders. We will also give you reliable information regarding interest rates & monthly payments so you can structure your property search for your first home.
To get an agreement in principle we will request proof of your income and expenditure. This will then allow our experienced mortgage broker to calculate how much you can borrow and produce an Agreement in Principle for you. This is often referred to as an AIP, DIP (Decision in principle) or MIP (Mortgage in Principle)
To prove your income we will request your last 4 months of payslips and your latest P60 if you are employed, or your last 3 years of Tax Calculations & Tax Overviews if you are self-employed.
The Help To Buy Scheme is a government led scheme which offers First Time Buyers the ability to purchase a new build home with a 5% deposit. The Help To Buy Scheme then provides up to 20% of the purchase price as an interest free-loan for the first five years.
The Shared Ownership Scheme gives first time buyers and those who don’t currently own a home the opportunity to purchase a share in a property. The purchaser pays a monthly mortgage payment on the share they own, and then pays rent to a housing association on the remaining proportion. The purchases has the option to increase their share during their time in the property via a process known as staircasing.
We have access to mortgages starting from just 5% deposit! Typically, the higher the deposit, the lower the interest rate. Some properties require a higher deposit, a specialist mortgage broker will be able to guide you through your options.
Typically buying your first home takes 10-12 weeks. This is very much dependant on if you are purchasing a property in a chain, as this may take longer for all parties to progress to completion.
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £375. As with all insurance policies, conditions and exclusions will apply.
Tom Garvie Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.
As with all insurance policies, Conditions and Exclusions will apply.
You may have to pay and early repayment charge to your existing lender if you remortgage.
Not all Buy to Let mortgages are regulated by the Financial Conduct Authority.
Tom Garvie Mortgage Services is registered in England and Wales, No. 09475025 Registered address; Gethin House, 36 Bond Street, Nuneaton, CV11 4DA.
