Purchase Mortgages

How We Help You with Your Mortgage Purchase

Buying a home is one of the biggest financial decisions you’ll make, and at Moneybox Financial Management Limited, we’re here to guide you every step of the way. With over 30 years of experience, we help first-time buyers, home movers, and property investors secure the right mortgage deal.

Our team will:

• Find the best mortgage deal based on your financial situation and future plans
• Compare lenders to secure competitive rates and terms
• Explain different mortgage types, including fixed-rate, tracker, and variable mortgages
• Handle the mortgage application process to make it as smooth as possible
• Advise on affordability and what you can borrow based on your income and credit score

We work with lenders across the market to help you secure the right mortgage with confidence.

How Does a Mortgage Purchase Work?

A purchase mortgage is a loan taken out to buy a property. Here’s how it works:

1. Deposit required – You’ll need a deposit of at least 5% of the property’s value.
2. Mortgage application – Lenders assess your income, credit score, and expenses to determine how much you can borrow.
3. Mortgage offer – Once approved, you’ll receive a mortgage offer outlining the terms of your loan.
4. Property valuation – The lender checks the property's value to ensure it aligns with the loan amount.
5. Legal process – A solicitor or conveyancer handles contracts and legal requirements.
6. Mortgage completion – Once contracts are exchanged, the mortgage is finalised, and you officially own the property.