FIRST-TIME BUYER MORTGAGES
Advice for First-Time Buyers
Step onto the property ladder with the help of expert mortgage brokers.
There’s nothing like the buzz of buying your first home, but as a first-time buyer. the process can feel a little daunting, from deciding what offer to make to the estate agents to getting that offer accepted.
Buying your first home is exciting, but the process can feel daunting. There’s a lot to take in. Right now, your head is probably spinning. There are countless first-time buyer deals to compare, monthly payments to work out, and worries about whether you can afford the repayments on top of everything else. There’s alot to consider: home insurance, surveyors, stamp duty, solicitors, and more. The list can feel endless.
That’s where we come in! At The Mortgage Branch, our expert brokers do the hard work for you. We would love to help you secure your first home! We have access to 90+ lenders and will search the market to find the most cost-effective mortgage for your new home, which could save you thousands of pounds.
The Mortgage Branch will be with you all the way, with round-the-clock support right through to completion.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £495.
First time buyer checklist
1. Build the biggest deposit you can. Save as much as possible, and talk to your family early if they might help towards it.
2. Get your finances in order. Pay down credit cards, loans and overdrafts where you can. Lenders review your bank statements, so be aware of how regular spending, such as online gambling, may look to an underwriter. Tidy finances will also help your credit score.
3. Check your credit file. Make sure it’s accurate, that your addresses are correct, and that nothing is listed that shouldn’t be. It also helps to be registered on the electoral roll at your current address.
4. Speak to an expert mortgage broker before you start viewing. Brokers help you understand what you can realistically afford, manage your expectations, and get you a Decision in Principle so you can pursue properties in your price bracket with confidence.
5. Plan for the extra costs. Set money aside for legal fees and moving costs. Keep a small emergency fund too, for anything that crops up after you move in, like plumbing or repairs.
We’ll support you with round-the-clock service, right through to completion.
MORTGAGE CALCULATOR
How much can I borrow?
Your total monthly payment
To discuss your options, call us today on 01242 696235
Please note that this is only an illustrative calculation and our brokers will be able to provide a more accurate affordability figure once they have discussed your current financial position.
When you put down roots, so do we.
Working with our long-standing charity partner, Gloucestershire Wildlife Trust, we pledge to plant a tree in your name when your mortgage completes.
Latest Mortage Deals.
We’ve picked out some of today’s holiday let mortgage rates to give you an idea of what interest rates could be available to you.