First Time Buyer Mortgages

Buying your first home should be a great experience, one that’s exciting and stress free.

Exclusive Deals

Access to exclusive first time buyer deals not available via price comparison websites or even other brokers.

Independent Advice

As independent mortgage advisers we are unbiased and work for YOU not the lenders or banks.

Get Mortgage Ready

We can arrange a FREE “Mortgage in Principle” required by many estate agents to qualify your property offer.

Buying your first home should be a great experience, one that’s exciting and stress free.  But this hinges on the quality of advice you get from the start.

house keys

As independent mortgage advisers, our goal is to provide you with a first class professional service which takes away the stress of arranging your first mortgage.

We will go through the whole process with you step by step, making sure you completely understand what’s required from the start to finish.

There are certain steps you’ll need to take to ensure a smooth and speedy process. However, your dedicated adviser will be your guide and your point of contact to answer any queries you might have.

It can be a steep learning curve buying your first home, but with our expert help you can relax knowing that its all under control.

First Time Buyer FAQs

Most frequent questions and answers about mortgages for first time buyers.

A first time buyer is someone who has never owned property in the UK or abroad and has never had a mortgage. Most lenders will not class you as a first time buyer if you have owned a property or had a mortgage at any point in the past. Having said that, if you’ve owned a property more than three years ago then you may be able to get a first time buyer mortgage with one or two lenders in the market.

Most lenders will require a minimum deposit of 5% of the purchase price in order to get a mortgage, but this doesn’t have to be your own savings. It can also come in the form or a gift from a close relative, ideally parents or siblings. The gift will need to be a non-repayable gift and lenders will require this in writing.

There are specific mortgages that are aimed at first time buyers, but not all lenders offer these. Typically, these mortgages will offer a higher amount of cash back at completion or lower arrangement fees.

An agreement in principle, also known as a decision in principle or mortgage in principle is a good indication that a lender is likely to agree a mortgage application. The mortgage lender will provide a certificate confirming how much they can lend to you based on affordability and credit checks. This is a useful tool to prove to an estate agent that you are a serious buyer and that your offer on a property is valid.

Why Should I choose you as my mortgage adviser?

  • You will save time because we complete all paperwork and admin for you.
  • You will save money because we search the whole UK mortgage market to find the best possible first time buyer mortgage deal matched to your borrowing needs and budget.
  • You will enjoy less stress because we manage the entire process from application to completion plus we will liaise with any third parties such as your solicitor to ensure a smooth transaction.
  • You will have access to ongoing advice to ensure your mortgage package continues to be competitive and suitable for your needs after any initial deal ends.
  • You benefit from truly independent advice that provides the widest choice supported by unbiased expert recommendations.

Emma Radcliffe

5/5

12/05/2019

Esther has been our mortgage adviser since we bought our first home a number of years ago. We have remortgaged our house and rental property a couple of times since then and cannot fault the advice Esther has provided. She has thoroughly taken in to account our personal circumstances each time and allowed us to make the most informed choice. Following the advice, Esther has taken the hassle out of the mortgage processes and kept on top of everything so we didn’t have to. Esther has also provided us excellent advice around insurance and again oversees the product so there is little work to do on our part. She has always fit in appointments around our commitments and we wouldn’t hesitate to contact her in the future.

Book A Free Appointment With Our First Time Buyer Mortgage Expert.

We can offer you a free consultation at our Woodseats office in Sheffield or, an adviser can visit you at home. To arrange your appointment, please complete the booking form below, and we'll reply to confirm or offer alternative dates.

Independent Mortgage Adviser in Sheffield Office Consultation

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