Where do I start with a first-time buyer mortgage?

Buying a home can be a stressful experience, especially when you’re doing it for the first time. The best place to start is to talk to a good mortgage broker.

  • We’ll look after you and your mortgage, so you can focus on the exciting bit – finding a home!
  • We’ll help you understand your options, make you feel confident about the whole buying process, and take much of the stress away.
  • We take the time to understand your situation and what you want to achieve. This way we can recommend the right mortgage for you and on the most competitive terms.
  • We’re with you every step of the way to make the whole process go as smooth as possible.

How much can I borrow on my first-time buyer mortgage?

As a rule of thumb, you can assume to be able to borrow 5 times your salary and pay it back monthly over 25-35 years.

However, every situation is different and lots of factors determine the true amount you can borrow.

What are the monthly repayments for a first-time buyer?

It all depends on how much you borrow and what mortgage product you decide to go for.

It’s best to give us a call so we can find out a little bit more about what you’re looking to do. We can then give you a rough idea very quickly.

Mortgage advice focused on you

We know that you’ll have lots of questions throughout the process, and we’re happy to spend as long as it takes to answer them.

As well as mainstream mortgages, we look at other ways of buying, such as Guarantor Mortgages, Shared Ownership and Help to Buy to make sure you’ve got the full picture.

Then once you’ve found a property we’ll help you from start to finish, liaising with estate agents, solicitors and surveyors as necessary.

What happens after our meeting?

  • We’ll work out how much you can borrow on your first-time buyer mortgage, and help set your budget so you know what you can afford.
  • We search the whole market for the most suitable lender on the most competitive terms.
  • We ask the lender for an ‘agreement in principle’, so you can start shopping with confidence.
  • Once you’ve had an offer accepted, we’ll check for the best rates available and help you find a solicitor.
  • We’ll complete and submit your mortgage application on your behalf.
  • The lender will assess your application and instruct a valuation of the property.
  • Once the lender finishes their checks, the mortgage is formally offered to you.
  • Your solicitor finishes the legal work, you exchange contracts with the seller and set a date for completion.
  • Completion – the home is yours and you can pick up the keys!

Start your home buying journey here

Get in touch with our independent mortgage adviser. We’d be happy to help you get your first home.

You can also find out a lot more about first-time buyer mortgages in our blog or understanding the costs of moving home blog.

Looking for different mortgage information?

Your home may be repossessed if you do not keep up repayments on your mortgage.