First Time Buyer Mortgages
” Buying a house is one of the most important purchases you will make, and buying a home for the first time will be an even more daunting prospect “
Add to this the vast array of mortgage products available from a wide range of sources and you could be left with a high-stress, confusing decision.
We will guide you through the entire process, providing you with not only mortgage advice in an easy to understand way but also taking you through the house buying process and finding you the most suitable deal
There are many different mortgages available to first time home buyers depending on the amount of deposit available to purchase your first property.
The current minimum deposit required is 5% of the property value. The bigger the deposit the better the chances of obtaining a competitive mortgage deal.
Some of the things to consider before purchasing your first property are:
- How much deposit do I have to put down?
- What can I afford to repay each month?
- How much can I borrow?
- I need to ensure I find the right mortgage
- I need to consider budgeting for all the other costs involved in buying a house such as
stamp duty, legal fees, survey fees, land registry fee and insurance cost
Before making an offer on a property, it may be useful to talk to us.
We will be happy to advise how much you can borrow and then obtain
a ‘decision in principle’ or ‘mortgage certificate’ from a lender if required.
“If we can help make what may well be the largest financial commitment
in your life as smooth and stress-free as possible, please let us know”
THINK CAREFULLY BEFORE SECURING DEBT AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Contact us today to find out how we can help
Call 07837 453401 or email info@purelymortgages.uk.com