First-time buyer mortgages
Getting your first mortgage sorted, clearly and without the confusion.
Buying your first home is an exciting step, and we are delighted to be part of your journey. We find the right mortgage just for you.
Whether your situation is straightforward or a little more complex, we take the time to get it right from the outset. Many first-time buyers are surprised by what is possible once everything is set up correctly.
The product you choose, the deposit you put down and how everything is structured can all affect your monthly costs, your flexibility and your options later on. We guide you through it clearly, so you feel confident in the decisions you are making.
What to expect from the process
Before you start viewing properties seriously, it is worth having a mortgage appointment so you know exactly what you can borrow.
An agreement in principle from a lender gives your offer more credibility when you find the right property and helps avoid the disappointment of missing out because your finances were not in place.
We can usually arrange this quickly and keep things straightforward from the start.
Deposit
Most first-time buyers will need a minimum 5% deposit, although 10% opens up a wider range of products and often better rates.
We will look at your situation properly and talk you through what is realistic, including whether there are ways to structure things more effectively from the start.
Borrowing and mortgage options
Different lenders assess affordability in different ways, which can have a real impact on how much you can borrow. We compare across the market to find what works best for your situation.
We will also talk you through the different types of mortgage available, such as fixed and variable rates, so you understand how each one works and what suits your plans.
Government schemes
First Homes, shared ownership and the mortgage guarantee scheme are all worth understanding before you commit to a purchase strategy.
Eligibility depends on income, property value and location. We keep across the current options and will tell you what is genuinely relevant to you, not just what exists.
Protecting your mortgage
A mortgage is a long-term commitment, so it is worth thinking about how you would manage if your circumstances changed.
We can talk you through options such as life cover, critical illness cover and income protection as part of the same conversation, so everything is considered together and nothing is left to chance.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Book a telephone appointment
We are looking forward to discussing your mortgage options. To make the most of our appointment, please have the following information to hand:
- Your income details
- Any outstanding debts (including monthly payments and outstanding balances)
This initial mortgage consultation is free of charge, and allows us to gather the information we need about your circumstances and mortgage requirements.
Once we have reviewed your details and supporting documentation, we will arrange the next stage of the process with one of our mortgage advisers, who will research the market and provide personalised mortgage recommendations. Should you decide to proceed with an application, our broker fees are typically:
- £699 – First Time Buyers, Home Movers and Remortgages
- £995 – Buy-to-Let, Semi-Commercial and Commercial Mortgages
We will call you at your scheduled appointment time from the following number:
0208 0044 274
People before property
See for yourself by checking out our reviews on Google and Trustpilot.
“We had an amazing experience with Michelle as our mortgage advisor. She was incredibly helpful, friendly and professional throughout the whole process. She always replied very quickly, even outside normal working hours, and was always happy to answer any questions we had. Thanks to Michelle, the whole mortgage process was quick, easy and completely stress-free. We really appreciate all her help and support and would highly recommend her to anyone looking for a mortgage advisor. Thank you so much, Michelle! ❤️”
“Very helpful, supportive and efficient team – our experience with them has been great so far, highly recommend!”
“Very simple process to renew a mortgage – Michell did identify some new providers; however, in the end, staying with the current provider proved most appropriate and even updated arrangement with cheaper interest rates in the immediate days preceding the expiry date – all very simple and straightforward – would recommend”
“My partner and I were first time buyers and the thorough and timely support of Michelle and her team made the process of securing our mortgage quick and stress-free.”
“Really good communication and speed of response. This was our first time buying so Michelle really helped us through the process.”
Credit Checker
Knowing where you stand financially before you start your property search makes the whole process simpler. Our free credit checker gives you an instant picture of your credit score and history, so there are no surprises when it comes to your mortgage application. It takes minutes, it will not affect your credit rating, and it puts you in a much stronger position before we speak to lenders on your behalf.
Get your free credit score
When applying for a mortgage, it’s so important to have a good credit score. Once you’ve obtained this, you have a much higher chance of being approved for credit.
- Try it FREE for 7 days, then £14.99 a month – cancel online anytime