Mortgages for First Time Buyers Return to all services

From experience we know that many first time buyers find the prospect of buying their first home daunting and confusing. We aim to simplify the process, explaining the different options available and their costs in a clear and straightforward manner as well as securing you a great mortgage offer.

It is well reported that many first time buyers are finding it difficult to get on the property ladder due to increasing property prices and the requirement to have a deposit. A minimum of 5% of the property purchase price is needed. However, it is not all bad news being a first time buyer in the current market. You may be able to take advantage of one of the Help to Buy Schemes or shared ownership, interest rates remain low and as a first time buyer you have the advantage of being attractive to sellers as you are not in a chain.  You may even find a seller accepts your offer even though there is a higher one on the table because they believe there is a greater chance the sale will go through and in a much quicker time frame.

“A mortgage certificate can come in handy to help to demonstrate to the seller of the property you want to buy that you’re not a time waster.”

As a first time buyer you maybe unsure about how much you can borrow. Many lenders have mortgage calculators on their website that can give you a broad idea. However, their mortgage rates may not be the most competitive. Also when it comes to securing a mortgage offer it often comes down to the nitty gritty of your finances and circumstances that is generally not captured in these calculators. We offer a no obligation mortgage assessment service where we will let you know how much you can borrow, how much your monthly payments will be as well as issue you with a mortgage certificate. A mortgage certificate can come in handy to help to demonstrate to the seller of the property you want to buy that you’re not a time waster.

Once you have found your new home we can use our expertise and access to the whole mortgage market to find you a competitive deal, based upon your specific circumstances.

If you would like to use our service or would like more information about it please get in touch using our contact form below or by calling us on 01453 852 900.

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
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