Helping First Time Buyers since 1995
Buying your first home can be overwhelming, with so many different factors to consider. As specialists in first time buyer mortgages, we can help guide you through the process from start to finish. Get an Agreement in PrincipleMeet the team
How much can I borrow as a First Time Buyer?
The first stepping stone to buying your first home is having a solid grasp of your budget.
We’ll help you identify your borrowing potential, whether it be a joint mortgage, buying on your own or with a family member as a guarantor and subsequently leave you with a comprehensive understanding of what kind of properties you can afford to buy.
Once you’re confident of your borrowing eligibility, you’ll need to know how much it’ll actually cost you per month to repay the mortgage, after all, isn’t that the most important part?
It’s paramount your monthly repayments are affordable for you, we’ll recommend the right product for you and ensure your mortgage payments fit comfortably within your budget.
Out of 1,000s of mortgage products, which is right for me?
With so much variety in the market, choosing the right mortgage product can be a minefield, that’s where we come in.
There are numerous mortgage products designed specifically for first time buyers, the aim of the game is to narrow down the list, leaving you with the most cost effective product, offered by a lender suited to your personal and financial position.
We do this by considering your income, outgoings, credit history, visa situation and several other factors before comparing the lenders that match your specific criteria.
We then approach said lenders to discuss your case, before applying for an Agreement in Principle which will provisionally confirm your borrowing after a soft credit search.
Your first home purchase, simplified
Our team have been in your position too. It may feel like a daunting, uphill battle – especially the first time around.
But don’t fret, we’ve helped thousands of first time buyers just like yourself through the house buying process, providing expert guidance every step of the way.
After your first call with us, we’ll make sure you walk away with a crystal clear understanding of all of the moving parts associated with your first mortgage and property purchase.
Tell us about your mortgage requirements
Your First Time Buyer questions, answered
What is an Agreement in Principle?
An agreement in principle which is the same as a decision in principle or mortgage in principle is essentially a provisionally approved mortgage from a lender after they’ve taken your finances and credit profile into account.
In most cases the lender will issue a certificate which provisionally confirms your eligibility and borrowing potential, which is essential before starting your property search.
How can I improve my credit score?
Your credit profile is an important factor when looking to apply for a mortgage, especially for first time buyers looking for a high loan to value mortgage.
- Make sure you don’t miss any payments on any loans, credit cards, bills and the like.
- Keep your overall credit utilisation below 50% on your credit, or simply put, don’t frequently max out your credit cards and try to maintain a reasonable amount of credit usage.
- Check that you’re on the electoral roll at your current address.
- If you’re worried about your credit profile, contact us and we’ll talk you through your options.
Why should a first time buyer use a mortgage broker?
There are numerous reasons why you as a first time buyer should use a mortgage broker:
- We can help you find the most cost effective mortgage deal for your first purchase and any mortgage needs you may have in the future.
- We take care of the whole application process on your behalf, from start to finish, so you don’t have to lift a finger.
- We will provide ongoing support throughout the overall process, answering any questions you may have along the way.
Reach out to us via email or phone to hear about the many ways in which we can help you.