First time buyer mortgages

Get impartial expert advice to see who offers the best mortgage deals for you

Buying your first home is exciting, but with so much to think about, not least arranging your first mortgage - it can be quite daunting too.

As a professional mortgage broker we work hard to help first time buyers through the mortgage maze. We have access to the whole of the market including mortgage products which are dedicated for those buying for the first time. 

We will help you get to grips with the key decisions you need to make when you choose a mortgage and explain how lenders work out what you can borrow.

All lenders

We work for you, not the banks which means we can give you advice on all products from every lender – across the whole of the market.

Free expert advice

Our initial advice service is free and without obligation. We'll only charge a fee should you proceed with our mortgage recommendation.

Hassle free

We deal with lenders on your behalf throughout the application process until completion.

Getting your first mortgage

Buying your first property is extremely exciting and one of life's milestones for many people.  Arranging the mortgage to finance your first home may not be quite as thrilling but it is incredibly important you get it right.

Your mortgage is likely to be the biggest financial commitment you ever make, and also the longest, so you want to get it right first time. The good news is that there are many types of mortgage to choose from, but the choice alone can be bewildering and the jargon does not always help. So contact us today for no obligation, impartial advice. We can provide advice over the phone or face to face, whichever suits you best. 

Determining what you can borrow

It's important to ascertain what you can afford to borrow. Lenders have moved away from the old 'income multiple' approach to lending so rather than offering you four times your annual income for example, they take a more detailed look at your overall finances to see what you can afford each month on your mortgage payment. Lenders look at what you spend as well as what you earn, giving you what is effectively a personalised offer based on your circumstances.

We can determine a realistic figure of how much you can borrow and what you can afford to repay, but we'll also look at different scenarios for instance if interest rates were to go up in the future as it's important to be sure you could afford higher monthly mortgage repayments too.

Finding you the most suitable deal

The mortgage market has responded to the plight of first time buyers by developing dedicated deals for those seeking to get a foothold onto the ladder and government initiatives such as Help to Buy are aimed at boosting affordability. Mortgages are available which only require a 5% deposit. As a whole of market mortgage broker we have access to all the deals available and will advise you on the most suitable mortgage for you. 

Get free impartial advice

There are a plethora of different types of mortgages in the marketplace, from fixed rate to variable rates, discount to tracker all with their own advantages and disadvantages.

We don’t believe there’s a “one size fits all” approach to first time buyer mortgages so we take the time to get to know you and your circumstances, ensuring you get the very best deal.

Our initial advice service is free and without obligation. We'll only charge a fee should you proceed with our mortgage recommendation and we offer a discounted fee structure for first time buyers.

We assist first time buyers in Torbay, South & East Devon, Exeter, West Dorset and Somerset.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.