• Mortgage Advice
• House Buying Guide
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• First Time Buyer
• Remortgage
• Buy-to-let Mortgages

First Time Buyer Mortgage

If you are looking to buy your first home, you will most likely need to apply for a mortgage. This is a loan which is secured against the value of the property.

Securing a mortgage for your first home can be a lengthy and confusing process with lots of decisions to make.

Check your finances

The size of your mortgage will be affected by your deposit – this is the amount you will be contributing to the house purchase. Usually, the larger the deposit, the better the mortgage deal you will be able to get which, in turn, will help to reduce your monthly repayments.

Checking how much you can borrow early in the process is important. Lenders use different affordability calculations and the maximum amount that they are prepared to lend can vary significantly from one to another. We can assess this accurately for you, which means that your property search will be focussed on the right price range. This improves your chances of securing the home that you want and reduces the risk of disappointment.

Agreement (or Decision) in Principle

An Agreement in Principle (AIP) helps you confirm how much you could borrow before you apply for a mortgage. It’s also known as a Mortgage Promise or Decision in Principle and is often seen as the first step to buying or remortgaging a home. An Agreement in Principle is obligation-free and often only involves a soft credit check, which means there is no impact on your credit score.

Having an Agreement in Principle can help you get ahead of the competition when making an offer on a property as it demonstrates your mortgage application will be considered by a lender up to the stated amount. However, this does not guarantee a mortgage offer.

Check out a mortgage deal

When you're buying your first home, you will have specific needs when it comes to finding a mortgage that suits you.

We work from a comprehensive panel which is representative of the whole of the market; we can talk you through from fixed rates to variable rates and from capped rates to offset mortgages.

We source products from over 70 lenders, with unrestricted access to the mortgage market; we can talk you through from fixed rates to variable rates and from capped rates to offset mortgages.

If you are considering buying a shared ownership property, that's something we can assist you with.

Complete your application

Once you are ready to proceed, you will need to complete a full mortgage application, which we will assist you with, to make this as stress free as possible. We will include the details of your property and the type of mortgage you want to proceed with.