Hestia Mortgages

First Time Buyers

Creating champagne moments for
generation rent

Buying your first home is a huge life landmark. It’s taken hard work, time and sacrifice to get here and we want to make it as easy as possible to get you over the line.

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

At the start of your journey, we’ll let you know how much you’re able to borrow, so that you can house-hunt within clear budget parameters. You’ll know how much you need to hold back for renovations if you’re after a do-er upper. And you’ll know the very maximum you can stretch to for your ideal first home.

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

We can help you:

  • 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:

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!

We’d love to help you! Get in touch to book a free no-obligation chat to discuss what you’re looking for. We’ll get to know you a little better and see how we can help you out with mortgage advice, insurance or financial planning.

Fill out the form, send us an email or give us a call. We look forward to meeting you soon!

    Hestia mortgages ltd will be what is known as the ‘controller’ of the personal data you provide to us. We only collect basic personal data about you which does not include any special types of information or location-based information.

    We need to know your basic personal data so we can make contact with you and respond to your message, request or query. All the personal data we process is processed by our staff in the UK.

    Your data will only be shared with third parties if this is necessary to respond to your request. If this is the case, we will seek your permission before passing on your details.

    We may store your data for up to six years past the end of any business relationship, after which time it will be securely destroyed. If you would no longer like us to process your data at any time, you have the right to object to processing of your data. To do this, please contact info@hestiamortgages.co.uk

    You have the right to object to the processing of your data. You also have the right to request access to your data at any time. You have the right to rectification and/or erasure of personal data or restriction of processing. If you wish to raise a concern related to how we have handled your personal data, you can contact us to have the matter investigated at compliance@sdlgroup.co.uk. If you are not satisfied with our response or believe we are processing your personal data not in accordance with the law, you can complain to the information commissioner’s office: https://ico.org.uk