First Time Buyer Mortgage
If you're looking to buy a home, you'll most likely need to apply for a mortgage. It's a loan which is secured against the value of the property.
Securing a mortgage for your first home can be a lengthy and confusing process with lots of decisions to make.
Check your finances
The size of your mortgage will be effected by your deposit – this is the amount you will be contributing to the house purchase. Usually, the larger the deposit, the better mortgage deal you will be able to get which, in turn, will help to reduce your monthly repayments.
Approval in Principle
A mortgage decision from a lender is also known as an Approval in Principle (or AIP). We can apply for an Approval in Principle from a suitable lender. This will confirm that the lender is willing to consider a mortgage application from you and the amount the lender is prepared to lend you.
Having an Approval in Principle can help you get ahead of the competition when making an offer on a property as it demonstrates your mortgage application will be considered by a lender up to the stated amount.
Check out a mortgage deal
When you're buying your first home, you will have specific needs when it comes to finding a mortgage that suits you best. We have access to a comprehensive range of mortgage products from across the market that we can talk you through from fixed rates to variable rates and from capped rates to offset mortgages.
You may be able to get financial help through a government home ownership scheme if you can't afford to buy a home. We can discuss this with you when you're ready.
Complete your application
Once you're ready to proceed, you will need to complete a full mortgage application. This is where you fill out the details of your property and the type of mortgage you want to proceed with.
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it.
Our initial advice and recommendations are free. A fee of up to 1% of the mortgage amount may be charged on application depending on individual circumstances. A typical fee is £295.
Your property may be repossessed if you do not keep up repayments on your mortgage.