First Time Buyer Mortgages
Buying your first home is an exciting prospect! However, we understand that the process of buying your first home and getting onto the property ladder can seem like quite a daunting task from dealing with estate agents and solicitors, pinpointing where you want to live, knowing how much you can borrow to the gauntlet of paperwork, percentages and rates. However, it doesn’t have to be. Luckily, our experienced friendly mortgage consultants are here to keep things simple and to handle as much of the process as possible for you, so that you can get the mortgage you need to buy the home you want.
Your mortgage will most probably be the largest loan you take out during your lifetime.
We can potentially save you a lot of time and money too, so you can buy your first home with confidence and make that amazing move.
To get a First Time Buyer mortgage:
You will generally need to have saved at least 5% towards the purchase price of the home you are looking to buy. However, the more you can save for your deposit, the lower your loan will be and the better your mortgage options will be including lower interest rates
You will also need to have enough money saved to cover the additional costs of buying a home including Stamp Duty, Valuation fee or a Home Survey, Legal Fees, moving costs and any home improvements. The exact amount you will need to pay is dependent on your lender and the property you are purchasing.
We can help advise you on the best mortgage type for you and can also help understand various government schemes such as Help to Buy (HTB) and Shared Ownership are designed to make it easier to own your own home, at a time when property prices are rising faster than many people's incomes.