Helping First Time Buyers get a foot on the property Ladder

At first, getting to grips with the vast selection of mortgage options can be quite overwhelming however its very important to have a mortgage agreed before making an offer on a property. A decision in principle is generally required to satisfy the seller before they will accept an offer.

What can I do to improve my options? How much deposit will I need?

To get the best mortgage offer, its important to have your finances in order. The better your credit rating and the bigger your deposit are both major factors in maximizing your options. Carrying out a simple credit check on yourself is worthwhile, then you can see what lenders will be looking at. Affordability checks are carried out looking at income against expenditure, therefore reducing any non-essential regular spending and settling outstanding loans can be beneficial.

In recent years a number of Government schemes have been introduced to help first time buyers with lenders being encouraged to offer products to support this. This has created an abundance of 95% loan to value mortgages, in addition to products which allow a parent or close family member to act as a guarantor.

Being able to offer whole of market advice, we can source the best mortgages available for first time buyers, helping you every step of the way from application through to completion.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.