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.
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.
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.
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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