First-Time Buyer Mortgage Advice in Surrey and Nationwide
Buying your first home can be a daunting prospect. With each high street lender claiming they can look after you, how do you know you are getting the right deal? With so many mortgage options available for first-time buyers, how do you know which deal is best for you?
Getting started
As a first-time buyer, it can be difficult knowing where to start. By seeking first-time buyer mortgage advice from a trusted adviser like The Surrey Mortgage Broker, you can rest assured that everything is being done to make sure you are getting a great mortgage deal and that some of the stress of buying your first home is taken away.
We’ll offer jargon-free, straight-talking advice to help you understand your options clearly and the best mortgage deal for your circumstances. No two mortgage applications are the same; we’ll work with you and your specific requirements to find the best solution.
What are your options?
There are many mortgage options open for first-time buyers, which can become confusing and sometimes overwhelming. As an overview, the options open to you include:
First-time buyer mortgages – the most traditional way of purchasing your first home. You’ll own 100% of the property and are usually required to put down a minimum of a 5% deposit.
Shared-ownership – the shared-ownership scheme is run by your local housing association and allows you to purchase anywhere between 25%-75% of a property. Find out more, here.
As a first-time buyer, how much can you realistically borrow?
How much you can borrow depends on a number of things and will vary from one first-time buyer to another. So for the best first-time buyer mortgage advice, please call 01252 759233 or contact us for a personal illustration and to discuss your specific circumstances further.
your home may be repossessed if you do not keep up repayments on your mortgage
FAQs
What happens if we have already been declined a mortgage?
It is possible to get a mortgage if you have been refused elsewhere. It depends on your circumstances but if you feel your high street bank has not considered your situation, then get in touch. Although most high street lenders will not consider those with previous credit issues, there are some lenders out there who take a more sympathetic view.
How much can I borrow?
How much you can borrow depends on a number of things and will vary from one first time buyer to another. To gain an idea of your first-time buyer mortgage options, call us on 01252 759233.
**How much does your service cost?
We are typically paid from a combination of commission from the mortgage provider and fees by the client. Our typical fee is £495.
Will I have to pay stamp duty?
First-time buyers no longer have to pay stamp duty on properties worth up to £425,000.
Download our Buyers Guide to Mortgages