First Time Buyer

 

What do you need to know about getting your first mortgage?

It may be easier than you think! There are many more lenders in the market than just those you see on the high street, and many of these have specialist mortgages available to first time buyers. Mortgages are arranged on an affordability basis, which is an assessment of your income in relation to your outgoings.

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What are the costs of getting a mortgage?

Use our budget planner and cost calculator to find out how much the cost of buying your first home will be.

Why should you use a morgage broker?

You may be tempted to go to the bank that you have your savings with, the downside of doing so is that you will potentially need to wait many weeks for an appointment, only to find out that they can not obtain you a mortgage. If they can offer you a mortgage, they can only choose from their own range of products which may be much more expensive than other options on the market.

By using a mortgage broker, you can check the whole market and ensure that you are finding the best mortgage for you. Not only will you end up with the best mortgage for you, you can rest assured that your mortgage will also be managed moving forwards, meaning that you never end up paying more than you need to on your mortgage.

We are here for you and can answer any questions you have about the house buying process.

How can our advisers help you?

  • Appointments to suit you, no waiting for an appointment with a bank
  • Our Advisers can source exclusive broker deals not available on the open market
  • We can source from a wide range of lenders, not just those on the high street, ensuring that we find the right mortgage product for you
  • We ensure that nothing is overlooked, including your life insurance, instructing a solicitor and arranging your home insurance
  • We are experts on the administration of mortgage applications, let us do the hard work so you don't have to
  • We can liaise with your lender, Estate Agent and Solicitor to ensure that your mortgage goes through as smoothly as possible

To take your first step onto the property ladder, speak to one of our advisers who will be able to discuss with you exactly how we can help you obtain your first mortgage.

Your Questions Answered

How do I get a Mortgage?

There are two ways that you can go about getting a mortgage. You can visit your local bank or contact a mortgage broker to do this for you. The difference is that a mortgage broker can search the majority of the market for you very quickly whereas a bank will only offer you their products which may not be right for you. As a First Time Buyer a mortgage broker can look after you throughout the process of getting your first property and ensure that you get the best option for you.

What is Conveyancing?

The legal process of house buying is called conveyancing. Your conveyancer, often a Solicitor or specialist conveyancing firm, will look after the collecting and transferring of funds, stamp duty charges and payments, providing legal advice, drawing up contracts and conducting local searchers.

We have a panel of Solicitors that we deal with on a daily basis, if you would like a recommendation on a Solicitor to use please ask one of our advisers.

How much can I borrow?

Mortgages are lent based on your affordability.  Lenders will judge your affordability based on your income (including commissions, bonuses and overtime), against your outgoings. Our advisers will assist and will be able to advise on which lenders affordability criteria you are most likely to meet.

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Welcome back! Please let us know who your adviser is and we will ensure that your query reaches them, alternatively you can now log into your case using the client portal. Please ask your adviser for further information.
Your details here:
Full Name *
Phone Number *
Email Address *
How can we help?
Privacy Policy.

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How can we help?
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