First Time Buyers

Buying a house is one of the most important purchases you will make, and buying a home for the first time will be an even more daunting prospect. Our mortgage advisors in Nuneaton will liaise with the right people to make sure you get the most suitable mortgage. We have access to a comprehensive range of mortgages from across the market, and some exclusive rates not available direct from lenders on the high street.

Ten Tips for First Time Buyers

1. Budget sensibly - when calculating what you can afford. Make sure that you factor expenses in addition to the purchase price, and other fees such as conveyancing and stamp duty.

2. Get a second opinion - Always take an experienced home buyer, e.g. a parent or home-owning friend, when viewing properties. There may be details in the houses you view, which you may not pick up.

3. Expenses - budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.


4. Council Tax - ask the selling agent what tax band the house you are interested in buying is in.

5. Good Local Schools - makes it easier to sell on in the future.

6. Car insurance - If you have a car, your insurance premium may increase dramatically if you move from a low to higher crime rate area, or if your vehicle storage changes from locked garage to on-road parking.

7. Public Transport - Consider the availability of public transport services, making sure you find out local bus routes, train services and even airports.

8. Local Amenities - what’s important to you? Shops, restaurants, pubs, sports centres, parks, pubs or cinemas? Find nearby local facilities you would like.

9. Internet - If you are a heavy internet user, check to see that broadband or other high speed internet is available.

10. Commuting - where possible, find somewhere to live that is close to your main place of work, as this can be one of the biggest household expenses.

Moving Home

We take the stress away from moving home. It is often said that moving home is one of the most stressful events that we will go through in life. Especially if you are selling and purchasing at the same time. With an expert mortgage broker in Nuneaton by your side, we can help take the stress away.

We will be here to support you throughout the whole process, answering any questions you may have. We’ll talk you through the process and will always be at the other end of the phone when you need us.

Diamond Mortgages can search hundreds of mortgage products, to find you the best deal for your individual circumstances.

Go back to mortgage options >

Remortgaging is simply replacing your existing mortgage with a new one without moving home, possibly to benefit from a better rate.

Whatever your reason for remortgaging, we can give you the best advice on whether a remortgage is the right solution for you, or if there is a better way to manage your mortgage borrowing.

You might be looking to remortgage because:

• You’re coming to the end of your mortgage term

• You’re concerned that your current mortgage isn’t the best one for you

• You’re looking to do some home improvements

• You want to invest in a new property

• You’re consolidating your debts

We have access to a comprehensive range of mortgages from across the market, so we can find the most suitable solution for you with access to some exclusive rates not available direct from lenders on the high street.

Feel free to call or pop in and see us for some straight-talking, no-obligation advice. We can even come and visit you at home or at work and, using the latest technology, show you how much further your hard-earned money can go.

We don’t just arrange your remortgage and leave it at that. We can review it on a regular basis, and keep you informed about what’s happening in the mortgage market and how it might affect you.

*Debt consolidation is not always the most suitable option, consolidating debts must be carefully considered. It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage, you should think carefully before securing other debts against your home. There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the Money Advice Service https://www.moneyadviceservice.org.uk/en/tools/debt-advice-locator these services may be more suitable for you.

Go back to mortgage options >

The UK is currently experiencing a housing shortage. Many people can no longer afford to buy, and are forced to rent instead. This has led to an increase in investing in property to let.

Whether you’re considering Buy-to-Let as an investment possibility, already have a Buy-to-Let property or are in the process of building a property portfolio, Diamond Mortgage & Protection Solutions can help you with the essential information, advice and strategies to make sure you get a suitable mortgage deal.

Buy-to-let top tips:

1. Research the market – make sure a Buy-to-Let is profitable for you to invest in.

2. Look for an area to invest – this is somewhere where people will want to live, not necessarily the most expensive, cheapest or close to where you live.

3. Do the sums – look at the costs involved, there is more than the mortgage to consider.

4. Speak to us – find the best Buy-to-Let mortgage deals, available.

5. How hands on do you want to be – either run it yourself or look to pay a management fee to an agency who will have a network of traders.

6. If you are purchasing, haggle – there is no chain so you can offer a more secure and potentially quicker way for the vendor to sell.

We will source from a suite of lenders and compare products to ensure you have the best mortgage that suits your individual circumstances. We understand investors need to maximise on income, and ensure the right product to help you grow your investment portfolio. Our mortgage advisors based in Nuneaton will understand your needs whether you are looking for that 1-time investment, or to build a portfolio of properties. Let our experts guide you.

*The Financial Conduct Authority does not regulate some forms of Buy to Let mortgages.

Go back to mortgage options >

• Adverse Credit - When it comes to buying a home, some lenders can take on a rather sanctimonious attitude. They want to deal only with those who have faultless credit histories, perfect work records and adequate deposits. But money problems can affect everyone. Adverse credit problems can be linked to a loan default, county court judgements or being a discharged bankrupt.

 

  We’re always willing to work with people even in the most exceptional circumstances, so don’t worry if you have an adverse credit history; we are here to understand the situation you’re in and provide the very best solution that we can. Deals are unlikely to match standard mortgages but good news in that some lenders are willing to provide adverse credit mortgages.

• Help to Buy - The government’s Help to Buy scheme has made it easier to take the first steps towards home ownership with as little as a 5% deposit. The scheme allows you to take out an equity loan of 15% of the property value, meaning you need just a 5% deposit to buy your dream home. As the loan is interest-free for the first five years, you’ll also have lower mortgage repayments than you would with a standard mortgage arrangement.

  Whether you’re in Nuneaton, Bedworth, Coventry or Hinckley… our mortgage advisors can help with the various ‘Help to Buy’ schemes if you’re a first time buyer or home mover looking to buy a new build home up to the value £600,000, as long as it’s not intended to be used as a buy-to-let property. The Help to Buy: Equity Loan scheme will close to new applications at 6pm on 31 October 2022.

• New Build/Off-Plan Mortgages - There are lots of good reasons to buy an off-plan new build home, but arranging a mortgage can be more complicated. Buying off-plan means that you agree to purchase a property before it has been built. This can be daunting as you will need to rely on the developer’s floor plans, price lists and other related property documents to make your decision.

  Our Diamond mortgage advisors have the contacts and know-how to find the perfect new build mortgage solution for clients buying off-plan. A new build mortgage product is designed specifically to help new homeowners overcome the hurdles of buying off-plan. 

• Specialist Residential Mortgages - Growing complexity surrounding employment and income structures means that an increasing number of residential mortgage applicants require Specialist Residential Mortgage plans e.g.

  • Barrister Mortgage

  • Contractor Mortgage

  • Interest Only Mortgage

  • Investment Banker Mortgage

  • Large Mortgage Loan

Go back to mortgage options >