Buying your first property involves more than just finding a house. Many buyers worry about deposits, monthly payments, credit checks, and hidden costs. Our advisers guide you through the full process, explain your options clearly, and help you move forward with confidence.
We provide independent mortgage advice tailored to first-time buyers across the UK. With access to a wide range of lenders, we help you secure a mortgage that works for your income, deposit, and long-term plans.
To recommend the most suitable mortgage, we review a few key details about your situation. This helps us find lenders who are most likely to approve your application.
You are usually classed as a first-time buyer if you have never owned a residential property in the UK or abroad. This can make you eligible for certain mortgage schemes and stamp duty relief.
Most lenders require at least 5% deposit of the property price. A larger deposit, such as 10% or more, can give you access to better mortgage rates and lower monthly payments.
Lenders typically offer around 4 to 4.5 times your annual income, depending on your finances, credit history, and commitments. An adviser can assess your affordability and give a clearer estimate.
First-time buyers in England and Northern Ireland usually pay no stamp duty on properties up to £425,000 (rules may change). If the price is higher, you may pay a reduced rate on part of the value.
Life insurance is not legally required, but many lenders strongly recommend it. Having cover in place helps ensure your mortgage can be repaid if something happens to you, protecting your family and home.
