First Time Buyers

Are you a First Time Buyer? As expert mortgage advisors based in London we can help you on the way to getting those first set of keys! Buying a home can be a nervy and challenging process. As a First Time Buyer, this can be even more so. At Your Mortgage Brokers we aim to make the process as simple as possible, guiding you through and explaining your steps along the way. It is really important that you have your paperwork and finance in order before you make that offer on a property. Contact us at Your Mortgage Brokers and we will help you on your journey to becoming a homeowner.

Hassle Free Mortgage Advice

As a first-time buyer you have an advantage as you do not have to wait to sell a property, which may be part of your deposit or you moving home. This enables you to move quickly (no chain), which for many sellers is a big advantage. To be able to move quickly however you will have to have your mortgage offer and proof of deposit ready to show you can complete on the sale.

As a mortgage broker based in London with many years within the financial sector, we have the experience to be able to give you great advice on the range of mortgage products available to you and ensure you understand your finances, so you can make that offer with confidence you will be able to secure the funds to purchase and afford your first property.

As part of the process, we will discuss with you your current finances, budget and amount of deposit. We will also discuss your plans for the future to enable us to determine the right mortgage products for you. We will look at repayment options and mortgage rates as we all have different priorities and each mortgage applicant’s situation is different. Understanding your needs and circumstances will enable us to give you the best range of options and find the right solutions for your personal circumstances. We will also help you understand the borrowing agreement that is in place with your chosen lender and discuss the insurance different insurance products that may be right for you.

First Time BuyerMortgage Options

Mortgage Schemes for First Time Buyers

As mentioned, being a first-time buyer you do not have to wait to sell a property and so can move quickly. There are also a number of incentive schemes that are designed to support you in buying your own home.

The government supports with schemes such ‘Right To Buy’, ‘Help-To-Buy Equity Loan’, ‘The Mortgage Guarantee Scheme’, ‘Forces Help-To-Buy’, ‘Right To Acquire’ etc. There may also be some ‘Stamp Duty and Land Tax’ reliefs you may benefit from as a First Time Buyer.

These schemes are ever changing so it is useful to review the government website: All schemes – Own Your Home – Own Your Home

Getting your first mortgage can be a little daunting but the expert team at Your Mortgage Brokers are here to work with you and guide you on your journey to buying your first property.

Understanding how much a lender will be prepared to lend you is the first step in any property search, This along with your deposit will enable you to set your budget on your purchase price is. We can help you understand your maximum purchase price and what that will look like in terms of your monthly payments. Try using our ‘repayment calculator’ to give you an idea of what the payments could look like.

If you have any queries, do not hesitate to ‘contact us’ and we will aim to support you in your journey and get the best financial fit for your lifestyle, finances and family.

First Time Buyers

First Time Buyers

Hassle Free Mortgage Advice

First Time BuyerMortgage Options

Mortgage Schemes for First Time Buyers

Mortgage Options for First Time Buyers