Securing mortgages for first-time buyers
Searching for your first home can be a long and daunting process. From saving a deposit through to contacting estate agents, it can take some time until you’re ready to make a purchase.
But even then, it can be tricky to understand what you should be doing and how to secure the best deal.
Our mortgage advisers and team will help you, as first-time buyers, throughout the whole process.
The first challenge of securing a mortgage is finding the right lender to approach. There are hundreds of different options in the market, including those that don’t have a high street presence. Each lender will have its own criteria which will affect the success of your application. So, how do you know which lender to choose?
A mortgage broker will give you an insight into the market and be able to offer advice on which lender is best able to offer you a competitive rate. This will involve assessing a range of factors from the size of your deposit though to your credit history. A helping hand can improve your chance of mortgage success.
Guiding first-time buyers through the process
It’s not just selecting a lender that can be challenging for first-time buyers.
If you’re not familiar with the mortgage process, you may be unsure of what you need to provide and when. Again, this is an area our mortgage advisers can provide you with guidance. They’ll be able to answer your queries and go through the necessary paperwork with you, highlighting where gaps are. This can boost your chances of success and speed up the process. Your adviser and their team will be there to help you, to provide a dedicated point of contact and answer any questions you may have throughout the whole process.
Our goal is to find the right mortgage deal and terms for you, with minimal hassle. If you’d like to discuss how our mortgage advice service could help you find a mortgage to purchase your first home, please get in touch.
Your home or property may be repossessed if you do not keep up repayments on your mortgage. There will be a fee for mortgage advice which will depend on the amount you are looking to borrow, your requirements and circumstances. The Financial Conduct Authority does not regulate some aspects of buy-to-let mortgages.