Mortgages For First Time Buyers
Our team of experts are here to help first time buyers get on the property ladder and buy that first home. We work with each client to recommend the most suitable product for their circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage
Mortgages For First Time Buyers
Buying your first home is an exciting time, however, finding the right mortgage product specific to your criteria can be a daunting process.
We clear the fog by recommending the most suitable product to you, we will guide you through the application process right up to the completion of your new mortgage. We are here to help every step of the way.
Reliable, Expert Advice
Competitive Rates
Outstanding Reputation
Range Of Products
Types Of Mortgages Available
95% LTV
Purchasing a property with a 5% deposit could open up more options and leave more cash available for decorating your new home
Self Employed
Being self employed doesn’t mean you can’t get a mortgage. Using a broker means you have access to a wide range of products and options.
Fixed Contract
If you’re on a fixed contract, we will be able to review your circumstances and be able to recommend the most appropriate product.
Fixed Rate
Fixing your rate will give certainty on monthly payments for a set amount of time. Commonly people will fix for two, five or ten years.
Other Rates
Other rates include discount, capped, floors, variable and offset. We will recommend the most appropriate option for your circumstances.
First Time Buyer Mortgage Questions Answered
Can a friend or family member gift me a deposit?
Yes, a deposit can be gifted and this will reduce the overall amount you will need to borrow. The deposit must, however, be a gift and not a loan with an agreement to pay back the money.
Gifted deposits will need to be accompanied with a written confirmation of this and the giver cannot have any stake in the home either.
Is it easy to get a mortgage if I'm self-employed?
Whilst there are a couple more hoops to jump through, the general answer here is yes. You will need to prove your income and the requirements here will differ slightly from one lender to another. If you are self-employed, using a mortgage broker is likely to mean you will benefit from a wider range of options.
My credit score is bad. How will this affect my chances of getting a mortgage?
A bad credit score doesn’t mean you can’t get a mortgage. It tends to reduce the pool of lenders available to you and generally increases the interest rate you will pay (and cost of your repayments).
Working to improve your credit score if generally a good idea if you are planning on getting a mortgage in the next 12-24 months as this will generally make it easier and cheaper.
How much deposit will I need?
Should I fix my mortgage?
This depends on your circumstances and general preferences. Fixing your mortgage will mean that payments and interest rate are a set amount for a given length of time (such as two or five years), however you could face an early repayment charge if you pay off too much of the loan in a 12 month period.
Choosing a variable rate mortgage could be preferable if you are unsure on the length of time you will need it for, however generally people choose to fix their mortgage because it gives more predicability and protects from rate rises than variable rate mortgages are at risk of.
What documentation will I need when applying for a mortgage?
- Copy of your credit report
- Proof of ID
- Proof of address
- Evidence of where your deposit is coming from
- Proof of income
- Proof of expenses
Remember that any ID will need to either reflect your current name or be accompanied with the relevant name change documentation (such as a marriage certificate).
If you are a non-UK National, you will need proof of a valid visa with a minimum of 6 months remaining and proof of 3 years residential history.
What are your fees?
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Our team of specialists are on hand Monday to Friday 9am - 5pm to answer any questions you may have.