First-time buyer mortgage
Buying your first home? There is a first-time buyer mortgage designed specifically for you.
We will help you find the right one.
Get on the property ladder
Purchasing your first home is a very exciting time, but working out exactly how to get on the property ladder can be overwhelming.
With years of experience in dealing and working alongside estate agents in the Brighton area, we will provide you with expert guidance on offering on a property right through to the point of completion.
Throughout our 15 years in Brighton and Sussex, we have developed a reputation for not only our far-reaching expertise but for the deep-rooted understanding of the local landscape. This knowledge of the South East means we are well equipped to help you navigate the market and find the mortgage that’s right for you.
We make sure you get the best deal
There are literally thousands of mortgage products to choose from and the marketplace can at times be very confusing.
For example, the lowest rate doesn’t necessarily mean the cheapest mortgage as set up costs vary lender to lender.
Our expert mortgage brokers are here to help you understand your options and find the best first-time buyer mortgage for you.
- Expert Brighton-based mortgage advisors
- Years of experience working with estate agents
- Find the best option
Speak to an expert
Frequently Asked Questions
Credit scores are important for first-time buyers and having a better score means lenders are more like approve your mortgage. Here are something you can do to improve your score:
- Register to vote
- Try to avoid missing payments
- Don’t make lots of loan applications in a short space of time
- Reduce the amount of debt you owe
- Check your credit file regularly
We will also be able to provide further support if you require help improving your credit score.
Mortgage lenders are all different however, for most first-time buyers it’ll be assume that you will be residing in the property.
In some cases you can request permission to let the property if circumstances change.
Buying your first home is daunting, however here are a few things you can consider to make it a bit easier:
- Where do you want to live?
- What is important to you?
- How much space do you need?
- How much work are you willing to do on the property?
A credit check is a comprehensive view of all the credit accounts you’ve had. It details important information that mortgage lenders will want to consider before approving you.
This can include your repayment history, any bankruptcies or late payments within the last 6 years.
It’s best to aim to save 5% – 20% of the house value for a deposit. For example, if the home you want to buy is £150,000 you would need at least £7,500 for your deposit.
In usual circumstances it takes on average 6 months to find and buy a house.
First-time buyer mortgage advice
Step 1
In your first meeting, your mortgage advisor will take you through the whole mortgage process, from an affordability assessment all the way through to getting the keys to your own home.
Step 2
We will carry out a fact find and a cost of moving analysis. This will enable us to research the market making sure you get the right mortgage for you.
Step 3
Once we find you the best option, we will get a mortgage agreement in principle (AIP). This lets estate agents know that you’re ready to go so that you have the best chance of getting your perfect home.
