First Time Buyers

Woohoo! Don't let mortgage woes get you down! We're here to help!

Let's chat.  

We will;

  • Assess your affordability
  • Obtain an 'Agreement in Principle'
  • Improve your chances of mortgage success
  • Access the best rates available
  • Keep your nerves at bay!
  • Get you those keys!

First Time Buyers

Woohoo! Don't let mortgage woes get you down! We're here to help!

We will;

  • Assess your affordability
  • Obtain an 'Agreement in Principle'
  • Improve your chances of mortgage success
  • Access the best rates available
  • Keep your nerves at bay!
  • Get you those keys!

Buying your first home can be a particularly overwhelming experience - we're here to alleviate the stressful side so you can focus on the excitement.

Working out what you can afford

Before you start the search for your first home, it's a good idea to know your budget and what you can realistically afford to borrow. There may also be schemes available to help you.

A quick chat with a mortgage adviser is all it takes - they can run through a simple calculator with you to give you an idea of how much lender's are likely to offer you and what property prices you should focus your search on.

The amount you can borrow will depend on your income, outgoings, credit history, and whether you are buying the property on your own or with others.

Monthly Budget

It's also a good idea to get to grips with your budget and really understand how a mortgage commitment will impact it. The simple exercise of writing down your income vs outgoings will give you a rough idea of how much you can afford to repay on a mortgage which will be invaluable when you come to choose a home and mortgage.

Your Deposit

95% mortgages are available meaning that a deposit of 5% of the property price is a good place to start when setting your deposit goal. However, if you can save more then you'll likely benefit from;

  • Cheaper monthly repayments
  • Better mortgage rates
  • Improved chance of being accepted

Struggling to save?

There are a few schemes and options that could help;

  • Help to Buy Equity Loan
  • Shared Ownership
  • Lifetime ISA
  • Help from family

Chat to one of our specialist advisers today and discover your options.

01843 228800

info@needfp.co.uk

Mortgage Guide

Ready to speak with a broker?

Give us a call today or drop us a quick message here and we'll be more than happy to help.

01843 228800