First Time Buyer Mortgages
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Frequently Asked Questions
-
The amount you can borrow depends on factors like your income, expenses, and credit history. We will work with you to assess your affordability and find the right lender for your needs.
-
Most lenders require a deposit of at least 5% of the property value for first-time buyers. The specific amount will depend on several factors, such as your financial profile and the type of mortgage you select.
-
Yes, there are several schemes, such as Help to Buy, Shared Ownership, and the First Homes scheme, designed to assist first-time buyers in the UK. These schemes can help reduce the deposit required or make buying more affordable. We can help you determine which, if any, might suit your situation.
-
While a low credit score can make it more challenging, it doesn’t mean you can’t get a mortgage. Some lenders specialise in helping buyers with less-than-perfect credit histories. As your adviser, we can explore these options with you and guide you through improving your chances of approval.
-
The time it takes to process a mortgage application can vary based on factors like the complexity of your financial situation and how quickly documents are submitted. On average, the process takes about 4-6 weeks. We are committed to making the experience as smooth and efficient as possible, keeping you informed every step of the way, as open communication is one of our core values.
Get In Touch
Contact us for friendly, reliable advice. Initial consultations are free.