First Time Buyer
Mortgage advice that’s as unique as you are
To help you to make the right decision we have put together our Top Tips for first time buyers:
How much can I borrow?
It is important to be realistic when working out how much you can spend on your new home. A budget planner will help to ensure your mortgage is affordable.
How much deposit will I need to put down?
When choosing a mortgage, you can see which deals you might qualify for based on the size of the deposit you have by looking at what is known as the mortgage ‘loan to value’ (LTV). For example if you are looking to buy a property valued at £100,000 and have a £5,000 deposit you will be looking to borrow 95% of the property value. Typically the more deposit you have to put down the better the mortgage rates will be.
Have you considered any extra costs?
Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. These should be considered alongside the purchase price, and fees such as conveyancing and stamp duty.
Know what to look for when viewing properties.
Always take an experienced home buyer with you when viewing properties as there may be important details you could be missing out on.
If you have been used to living at home with your parents, remember to budget for expenses such as council tax, gas and electricity bills, boiler servicing, and other home repairs.
Council Tax Charges.
Make sure you know what the likely council tax charge will be in your new property. The selling agent should be able to tell you what tax band the house you are interested in buying is in, and how the charges are levied by your local authority.
Remember a mortgage is a long term commitment and there are lots of different products available, so it is important you get the right solution for you.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
With you every step of the way
Why choose us
We’re a local firm, with national clients and complex requirements, that’s why we provide convenient appointments including phone, Zoom and of course face to face.
No Obligation Advice
Our initial meeting is completely free and there is no obligation to proceed with us if you are not entirely satisfied with the mortgages we recommend.
Mortgages To Suit You
With You All The Way
At Your Side
Protecting What Matters
Working with us
We’re with you every step of the way
With over 25 years of financial services experience, from mortgages to protection, our varied industry knowledge will cater for any financial circumstance you find yourself in.
Always listening to our customer, our post-completion surveys ensure we are constantly improving.
Our experienced team have completed hundreds of applications to-date and it continues to grow day on day.
Service is key
Our mortgage process
With access to hundreds of products, we’ll help you secure the right product tailored to your circumstances.