First Time Buyers

The biggest financial commitment you'll undertake is your first home. Most people jump into getting a first time buyer mortgage without ensuring that they have the most suitable mortgage product for their own personal requirements. Navigating the UK mortgage market as a first time buyer can be confusing, and we are here to help find you the best deal for your circumstances. Our qualified mortgage advisers have access to a panel of lenders and our team of mortgage administrators will make sure your case completes in the shortest possible time. We understand that getting on the property ladder is hard, especially given the previous decade of increasing house-prices. As such we are able to offer a wide range of products to suit your needs.

What deposit will I need?

Although 100% deals do exist, our lenders will require at least a 10% deposit. If you can come up with this then you are likely to be offered a better deal, as you are seen as a lower risk.

What type of Mortgage?

Most first-time buyers will choose a repayment mortgage. Endowments are largely dying out in the wake of a miss-selling scandal - thousands of homeowners are now facing a shortfall because their endowment will not cover their mortgage.

What about interest-only deals?

These can be good for those who want to keep their repayments low. Some lenders will offer an interest-only deal for three years - but you will have made no inroads into the capital and so this should only be used on a short term basis if there is not an investment in place to cover the capital element.