First Time Buyers
Creating champagne moments for
generation rent
There are so many moving pieces to the house-buying puzzle. But we’ll make the mortgage less perplexing at least.
The actual cost of a mortgage can be confusing. We’ll help you understand the impact of product fees, how fixed rates and tracker rates work, and we’ll make sure you know exactly what you’re signing up for. There’s no surprises with our service and as impartial advisers we can be totally transparent with the costs and charges.
We’re here to support you from your decision in principle to the moment you pop the champagne when you move in.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Your journey towards your new home
How to get a mortgage for your first home
Find out about the process for applying for your mortgage – Where to look, what documents you need, how long it takes. Read our guide on how to get a mortgage.
How much could you borrow?
Pop in your deposit and your household income and work out how much you can borrow. Use our mortgage calculator to work out your budget for your new home.
Agreement in principle
See if you can borrow the amount you need. It won’t affect your credit score. House-hunt with clarity in what you can afford.
How we help first time buyers
Once you’ve found your home, you’re ready to start the house-buying process in earnest.
We’ll search our database of mortgage lenders to find you the deal that fits your level of monthly repayments and your repayment period. You might spend hours trawling lender websites to find the deals our software can locate in minutes.
We can take care of the mortgage application, so that’s one more task ticked off your list for you. Feel free to ask us any questions along the way, either about your mortgage or more generally about the house-buying process.
Services we offer
- Find out how much you can borrow
- Get a decision in principle
- Compare different mortgages
- Explain the repayment profile of different types of mortgages
- Apply for your mortgage
Help to buy scheme
Buying a new home? You could get a home with just a 5% deposit.
This is how it works.
The government lends you up to 20% (40% within Greater London) of the cost of your new home. You contribute 5% deposit, and borrow the other 75% from a lender.
You can borrow up to £600,000 under the scheme.
For example, a £200,000 home will break down as:
- A deposit from you of £10,000
- A loan from the government of £40,000
- A mortgage from a lender of £150,000
Lifetime ISA (“LISA”)
What is a Lifetime ISA?
A Lifetime ISA gives you flexibility in how you save and invest for your first home or later life.
It’s available to anyone aged between 18 and 39. You can use your LISA to
- Invested in the stock market
- Save cash
- Grow your money tax-free.
The major benefit of a LISA is that the government will contribute 25% to your savings, up to £1,000 per year.
How much can I contribute to a Lifetime ISA?
The Lifetime ISA allows you to contribute up to £4,000 each tax year.
The government will add a further 25%. That means for every £100 you save, you receive an extra £25, up to £1,000 per tax year.
You can continue paying into your LISA, and receive the government bonus, until you’re 50.
Taking money out…
You can release the money in your ISA in two ways:
- 12 months after you make your first payment, you can purchase a property up to £450,000; or
- You can wait until you’re 60 and take out your savings.
If you want to withdraw the money before you’re 60, the government usually charge a 25% penalty. This is likely to leave you with less money than you put in originally.
Let us find your
perfect mortgage!
Fill out the form, send us an email or give us a call. We look forward to meeting you soon!