First Time Home Buyer

First Time Home Buyer - First time home buyer refers to an individual seeking to buy their first property in the UK. A first time home buyer will be able to obtain a variety of mortgage packages such as a fixed rate, tracker or graduate mortgage from a wide range of sources. Certain lenders may offer some exclusive first time home buyer packages with various incentives such as a higher loan to value or cash-back that could benefit the applicant.

It is important that any first time home buyer is aware of their options and costs before buying a property. A first time home buyer may experience various one off costs such as surveyor’s fees, lenders fees, building insurance or removal charges. All lenders will require a deposit from a first time home buyer, which will be a payment of a percentage of the property’s value. Many lenders may also insist on first time home buyer’s purchasing insurance such as life insurance, home insurance and mortgage payment protection insurance. This can provide assurance and safety.

As a specialist mortgage broker we can offer a first time home buyer the advice and assistance required. We understand that some first time home buyers may find the process daunting. Clients will be provided with an expert adviser who can explain terminology, discuss options and guide you through the entire process. Our personalised and holistic service can enable us to find a rate suitable for your individual needs and requirements.

If you need any assistance why not speak to one of our Mortgage Advisers by calling 0845 3 630 430 or Enquire Online.

If you are a first time home buyer call a member of our advisory team to secure the best deal for you.