Mortgages

First Time Buyers

HouseIf you are borrowing for the first time then you will want to find you the most suitable mortgage product for your circumstances. There are many lenders specialising in offering first time buyers a mortgage to suit their needs. If you are looking to borrow for a first time mortgage we will be able to introduce you to specialists who offer friendly, impartial help and advice in finding you the right product.

Am I a First Time Buyer?

A First Time Buyer, is someone who is new to the mortgage market and does not currently have a mortgage. Although there are some variations and these include;

A couple buying together where one has been a property owner previously.

Where someone has been out of the property market for 3 years or more before re entering.

House

You can take advantage of this expertise, for FREE!, through our relationship with leading mortgage specialists, who have access to many semi-exclusive deals and backed by their expert knowledge to find you the right product at the right price. So, sit back and relax - let the Mortgage experts search through the hundreds of products available and get the best one for you.

If you are new to the property market then we have put together a useful collection of information for you below. However you may know exactly what you have in mind and would like to have one of our First time buyer mortgage experts offer you a Free, No Obligation, Quotation. Then all you need do is click one of the houses below for the appropriate short form depending on your mortgage requirements. We will then email or telephone you to provide you with your FREE quote.

Do I need a deposit - I am buying for the first time?

House Yes you will need a deposit of at least 5% but ideally 10%. But the more you borrow the more you will have to pay back and the longer the mortgage term will have to be. Often the rates availble can be more competitive if you do have a larger deposit to put down.

 

Get Your Free Mortgage Quote Here

Can I borrow more than the value of the property?

Since the credit crunch of 2008 a deposit is always required and mortgages where you could borrow 125% of the value of the property are no longer available.

What if I have existing debts?

All existing debts will need to be declared when applying for a mortgage and the loan amount may be reduced if you have a lot of current debt.