First Time Buyers

If you’re thinking about buying your first home you’re probably finding the whole process of choosing the right mortgage and buying your ideal home rather daunting.

So what do you need to know to get on to the first rung of the property ladder?

The first step is to contact us and we will advise you on the mortgage options available to you. In the meantime, we’ve outlined below some background information on mortgages for first time buyers that we hope you’ll find useful.

So how much can you borrow?

The amount of mortgage you can get depends on your income. This figure could be higher or lower depending upon your individual circumstances and different lenders’ criteria.

Once you add to this the amount that you can afford to pay as a deposit, you have the amount you can pay for your first property. Some lenders offer very good deals for first time buyers, so it always worth asking us to research the market on your behalf.

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