It's a maze out there, and with so many schemes to choose from, you need to know which one is right for you? That's where we can guide and help you to decide what's best for your future.
Are you just starting out? Do you need up to 125% of the value of the property you are buying to help you purchase those essential items for your first home? Or do you think your income is not enough to get on the property ladder? Well think again. We have access to lenders who recognise the difficulties that first time buyers face and can lend you much more than you may think. Their lending is based on your credit score and can be as much as 4.2 times your income if you are buying on your own or 3.6 times your joint income if you are buying with a partner. Alternatively, we have access to schemes where, with help from your parents using their income in the calculations, you can borrow much more than basing the figures just on your own income, but it is your own home. So if you are a First Time Buyer wondering where to begin - WE CAN HELP.
Stepping out onto the property ladder can seem like a very daunting task that becomes very costly and time consuming, here we ensure we offer as much help as possible to get you onto the property ladder. As a first time buyer we can help find you the best mortgage rate and the best type of mortgage rate for you. If you are a first time home buyer then why not see just what we can do for you, we offer independant financial advice for first time buyers looking to get a mortgage.
If you are a first-time buyer, you may have many questions to ask. Should I choose a bank, a building society or a specialist lender? What rate should I opt for, a fixed rate, a capped rate, a discount or a tracker? How much can I borrow, over what period of time, and how much will it cost me? First time buyer mortgages can be calculated using out first time buyer calculator, this will help you work out the monthly mortgage repayments which is a starting point.
And remember, there are plenty of specific first-time buyer mortgages out there these days, including shared ownership, guarantor mortgages and 100% (or no-deposit) deals. Mortgages are also available for Key Workers, and in some instances you can buy with a Housing Association.
We can also assist you if
* first time loan been refused
* first time buyer no proof of income
Read about major boosts for first time buyers
