First Time Buyer Mortgages
We make Dreams come True
- No Up-Front Broker Fees
- Impartial Advice
- Access To A Panel Of over 90 Lenders
- We make sure you qualify for any deal before you apply
- Straight talking, no jargon service
- Covering all of the UK
YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP THE REPAYMENTS ON YOUR MORTGAGE.
There may be a fee for mortgage advice. The precise amount will depend on your circumstances and will be agreed with you before proceeding but estimate this to be £1000 (£250 on application and a further £750 at offer).
Completing our form does not affect your credit rating
Complete our quick online form for a FREE quote or call us on 01256 327019
Completing our form does not affect your credit rating
For a FREE MORTGAGE QUOTE please complete our quick online form or call 01256 327019.
Who We Work With
We have the privilege to access an exhaustive panel of lenders including high street and expert lenders. Our strong business relationships equip us to cater for all types of client requirements. Whilst servicing Fist Time Buyers, Home Mover’s and Remortgage clients we also cater for Government schemes like shared ownership, and expert mortgages like adverse credit and Limited Company Buy to let’s.
Buying your first home
It is an exciting time – but we understand it can be a little daunting when it comes to getting everything ready for your mortgage when you’re a first time buyer. There’s no obligation to proceed and our broker fee will only become payable if we proceed to a full application. We provide guidance to first-time buyers and are happy to walk you through the process of buying your first home.
Our mortgage advisors are passionate about offering the right advice and guidance to our first time buyers, making sure you get the most suitable available mortgage to take your first step onto the property ladder.
Based in Basingstoke, we offer advice and support to clients across Fleet, Reading, Hook and the surrounding areas. Our flexible service gives you the power to choose how and when you want to deal with us, whether that’s online, telephone or face to face over a hot cup of tea.
4 Steps To Arrange Your Mortgage
- Get in touch with us. We will ask you a few questions to see if we can secure a mortgage for you.
- We search the mortgage market and get you the most appropriate rates and deal.
- We make your mortgage application and sort out the paperwork (we will provide the Decision in Principle to you).
- Complete your mortgage.We will be with you every step of the way and see things through to completion.
Our Customer Reviews Speak For Themselves
Completing our form does not affect your credit rating
How much can I borrow?
This is usually one of the first questions we get asked, especially by first time buyers. With years of experience in the property market, our initial advice to first time buyers is, that knowing what you can borrow is certainly the first step to buying the right house.
Every lender has a different approach to what you can borrow. There is no set calculation. The amount you’re eligible to borrow will be determined by the purchase price of the property , the size of deposit you have, your income and affordability (taking into account your monthly financial commitments and any future commitments).
Your mortgage advisor will calculate how much you can borrow based on your personal circumstances and offer the right guidance explaining the costs and purchasing process in simple terms- no jargon!
Contact us today for more information about how we can help and get a free quote. Based in Basingstoke, we support clients across Fleet, Reading, Hook and the surrounding areas. We also offer online support across the UK.
What Type Of First Time Buyer Mortgage?
Being a first-time buyer, you will no doubt have lots of questions regarding how to get a mortgage and what type of mortgage will be best for you. Quite often our first-time buyer clients require a high loan to value mortgage because they have a low deposit. High loan to value mortgage products typically require 5% to 10% deposit and are specifically designed for first time buyers.
Your mortgage advisor will explain the difference between various types of interest rate and mortgages whilst guiding you through the process of securing a mortgage that meets your circumstances. We have listed here some of the main mortgage types that you may wish to consider:
- Fixed rate mortgage-Interest rate is guaranteed to remain the same for a set period of time.
- Tracker rate mortgage– The interest is variable and tracks the Bank of England base rate which can rise or fall.
- Discounted mortgage rate – Interest rate is discounted by a small amount based on the lender’s standard variable interest rate.
- Capped – Your interest rate won’t rise above an agreed level for a set period of time.
- Current Account mortgage-This combines a bank account with a mortgage, allowing you to make overpayments and receive daily interest changes.
- Offset mortgage– You can hold all of your other borrowings with the same lender.
Why Choose Us
- Get the best available mortgage from 1000’s of deals.
- Extensive Market Knowledge.
- We make sure you qualify for any deal before you apply.
- Quick turnaround times from application to mortgage offer.
- Experts will advise and support you throughout the whole mortgage process.
- Comprehensive panel of lenders - we do the paperwork.
- Outside-the-box mortgage advice and guidance.
Our Tips For First Time Buyers
- Do your Research– Get clued up on the home buying process before you begin.
- Save, save save– Saving as much as possible is important to cover the costs as well as the maximizing the size of the deposit. You will be able to access more and cheaper deals with a bigger deposit.
- Budget – Be realistic about what you can afford to spend on a house, and ensure the intended mortgage is affordable. Make sure you budget for unlikely expenses in addition to the purchase price, along with other fees such as conveyancing and stamp duty.
- Avoid Arrears-It is important to build a good credit history with no missed payments. Lenders carry out checks to establish your history of managing debts and payments.
- Ask for a Second Opinion – When buying for the first time, there may be several details to look out for that you may not be aware of. It is always worth taking an experienced home buyer with you when viewing a property.
- Remember the Bills – If you have been living with your parents, you must remember to factor in expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.
- Look at the Local Area – Even if you do not have children, property in the catchment area of good local schools will always be much easier to sell on. Also, write down a list of local amenities which are important to you (shops, gym, cinema etc). Before making any final decision about where to move to, take a stroll or bike ride around the local area.
- Go for a Broker – A mortgage broker/advisor could save you money by finding you the most suitable deal on the market. This will also save you time because mortgage advisors are experienced in working with lenders to push deals through to completion.