UK FIRST TIME BUYER MORTGAGE

FIRST TIME BUYER?

Helping you get your foot on the property ladder with our UK First Time Buyer Mortgage Products.

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UK First time buyer home mortgages

Buying Your First Home? Let us Take the strain.

Here at the Mortgage Advice Centre, we know that buying your first home is both exciting and daunting in equal measure. There’s a lot of head aches and paperwork that go into applying for your first mortgage and getting a mortgage in principal can be a worrying prospect.

But fear not! We love first time buyers and we are here to help your first mortgage journey so it’s as smooth as possible. We are specialists in the UK First Time Buyer Mortgage sector, so give us a call today and we can help you move a step closer to owning your first home.

How much can a First Time Buyer borrow?

Because we are whole of market advisers, we look at all lenders to ensure you get the one that’s suitable for you. Each lender allows you to borrow different amounts which depends on their criteria. Our experts can really add value to ensure that we apply to the most suitable lender.  They will go through your income and expenditure and will assess your type of employment and will recommend the most suitable first time buyer mortgage, ensuring you that you will get the best deal for your circumstances. We pride ourselves on giving you a friendly down to earth service, with no fancy jargon, so you know exactly what’s going on.

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First time buyer home cornwall
First time buyer home cornwall

Can I get an Agreement in Principle?

Once we have found you a suitable lender then we are able to  provide you with an agreement in principal. An Agreement In Principal is when a specific lender does a credit check against you and reviews your initial details, it will state the lender is provisionally happy to lend you the amount of money requested.

Once you have an Agreement In Principal you can be confident that you can get a mortgage and put an offer in on a property. Since Covid, a lot of estate Agents now ask for an Agreement In Principal before allowing you to view a a house so it pays to get your paperwork sorted before you go hunting for that perfect home.

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We are UK First Time Buyer Mortgage Specialists

We will talk you through the process so that you understand the sequence of events that enable you to purchase a house .We will answer any general queries to start off with and let you know how much you are able to borrow and discuss deposit requirements with you. We will do a search across the whole of the mortgage market to make sure you get the best deal for your requirements. Once we have found you a suitable mortgage we would do an Agreement In Principal with the mortgage lender and then manage the application through to mortgage offer.  You would have a dedicated contact that is easily contactable who will manage the whole process so you do not need to correspond with anyone else.

We make the process user friendly and are the polar opposite to a faceless call centre or a computer algorithm , we are real highly qualified, friendly people who are here to help you on the road to your first home.

How much deposit does a first time Buyer need?

The minimum deposit required for a first time buyer would be 5%. The more deposit that you have, the cheaper the rate would be and the less you would have to borrow.

There are other costs associated with a mortgage purchase such as stamp duty and solicitor costs. and we can provide you quotes for these. Whilst we’re based in Cornwall, we are UK First Time Buyer Mortgage specialists.

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1500

Happy Customers

250

Clients helped in 2022

10,000

Mortgage products available

2 million

Property purchases

15 Years

Advising on mortgage

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Why choose the Mortgage Advice Centre for a UK First Time buyer Mortgage?

Listen we don’t want to boast but we are good at what we do! Just see the reviews! We aim to help you through the process from beginning to end putting your needs and interests first. We are normal people who have a lot of experience in our job and we are here to help.

Whilst you are free to approach lenders, we have found that clients return to us as usually we can do everything over the telephone with our clients and within half the time using our access to the lenders! We are very confident in our commitment to our clients and have a demonstrable track record of out performing our clients’ expectation.

We are never far away and we are more than happy to assist you outside of office hours where necessary as we know that buying a house is stressful enough!

All of our FCA qualified advisor’s have at least 5 years experience in recommending mortgages. This experience enables us to  ensure that you get the best deal and apply to the right mortgage lenders. It also means that you will always speak to somebody who is in the know and will immediately be able to answer any questions or queries that you may have. 

We have a constant eye on the market so we know which lenders offer provide the most competitive packages with the best benefits. We do not just look at the monthly cost but also factors such as redemption penalties, cash back, free services, overpayment options and repayment options and many more.

We offer friendly face to face appointments in the following areas: Cornwall, Truro, Falmouth, Newquay & St Austell.

We will save you time, avoid applying to the wrong lenders, avoid unwanted credit checks and be able to tell you quickly if you are likely to be able to obtain a mortgage. We get many enquiries from people who have been declined from banks, not because they have bad credit but because they have applied to the wrong bank directly after being lured in by a great mortgage rate. All the different lenders have varying criteria such as the amount of money that they will lend,  age, affordability , type of employment, amounts of deposit required and the list goes on.  Our mortgage brokers know which mortgage lenders to apply to. Our mortgage broker Cornwall have direct access to the lenders so they are able to discuss cases with them, this along with their knowledge and experience allows them to recommend the most suitable mortgage provider.

We can help with

  • Purchases
  • Remortgages
  • Help To Buy
  • Releasing capital
  • First Time Buyers
  • Guarantor mortgages

If you are looking to raise finance on a property that is to be let out either to individuals, families or multiple occupancy then we are here to help. Over the last few years lenders have become more diversified in their individual offerings for finance on properties that are being let out. Our brokers are familiar with the criteria of the individual lenders so are able to help you find the  correct solution for your requirements. As we are based in Cornwall we also specialise in finding funding for Holiday lets along with  Buy To lets, student lets and HMO mortgages. Our experienced mortgage brokers will be able to tell you how much you can potentially borrow for your next project and at what rate.

Sometimes a re-mortgage is not the correct solution if you are looking to release equity in your property. This can be for a multitude of reasons from debt consolidation to home improvements  A secured loan is a second mortgage (a second charge) on your house, that is on separate deal to your existing mortgage.  It is essential to compare this option if you are looking at a re mortgage to raise capital as in some instances it can be more beneficial. A secured loan can be placed on a residential or buy to let property. Our mortgage brokers will compare the whole of the market to find suitable secured loan solutions to see if you can raise the capital that you require at the best rates.

Our equity release specialists will be able to present all of your equity release options from across the whole of the market you. They will talk you through the options making you aware of all the benefits and the things to consider when thinking about equity release. Our brokers will be able to help you evaluate if equity release is right for you after discussing with your self and if you wish family members. Importantly we are whole of market and our experienced advisors will know which providers and products will suit your requirements at the most competitive cost.

We have a lot of experience advising on Commercial Mortgages and will help you find the most suitable lender from both across the high street and niche lenders, remember we are whole of market so if there is a commercial mortgage available then we will be able to find it.

We are receiving a lot of enquiries from existing customers of high street banks who have found that they are now being offered terms that are not benefiting them or are fitting their objectives. We help to find more flexible lenders who will help you achieve your goals and aspirations.

We offer whole of market insurance  advice. Our advisor’s will go through your current situation and recommend the policies that you should have in a perfect world. We appreciate that at the end of the day affordability is paramount  and  our advisor’s will advise based on your budgets . However it is essential that you know what your options are and what sort of cover is available for you. There are so  many different insurance products available such as life insurance, mortgage protection insurance, critical illness insurance , whole of life insurance, accident, sickness and unemployment cover, income protection, private medical insurance and home and contents insurance. Our advisers we be able to identify which policies would be suitable for your  individual circumstances and will be able to demonstrate the costs and the benefits. As well as offering mortgage advice all our advisor’s are qualified to give life insurance advice along with the associated insurances. We do not just look at which policies are the cheapest which obviously we do consider but also look at the benefits and the overall package that the policy delivers. It is essential when taking out insurances that you know what you are covered for so that your expectations are met on a claim. Every insurance company tries to provide something different to the next one to differentiate its self, our insurance advisor ‘s will be able to compare and recommend  one company over another . Because all advice is FCA regulated then you will receive a letter detailing the recommendations along with the why they are suitable for your circumstances.

Our Mortgage Broker Truro offer face to face or telephone mortgage advice . We also offer our services  over the via email and on Skype./zoom Find out more on our about page.  Our mortgage brokers will find u the best mortgages whether  you require mortgage advice Truro, mortgage advice Cornwall or mortgage advice nationally. Our Mortgage Brokers in Truro, Cornwall and nationally have years of experience in applying for both commercial and residential mortgages and insurance. From experience we know what each individual lender is looking for so that we do not waste time applying to lenders who may not accept you. We will look at your affordability, incomes and credit scores to make sure that we have a clear picture of your situation before applying to lender.