Buying your first home is an exciting time but with this possibly being the biggest investment you could ever make it can also be a daunting proposition. With so many mortgage products in the market place it can be hard to pick which one is best for you. This can all depend on how much deposit you have for the property right through to whether you are employed or self employed? It is always advised to explore your options on affordability before finding a property to ensure you are in the very best position to buy but also understand fully how much you can borrow.
Having made a successful offer for property, your advisor will then handle all the complex paperwork, again working with the lender, solicitor and surveyor throughout the purchase to ensure that buying your new home is a thoroughly stress-free experience
AAs a first time buyer, in general, deposits tend to be lower than house movers that have built equity over a number of years. With mortgages currently offered with 95% loan to value (LTV) and also popular schemes such as Help to Buy along with interest rate at historic lows it could be argued that now has never been a better time to buy your first home.
To get a broad idea of what you could borrow please click below for our mortgage calculator or our contact us button for impartial accurate mortgage advice.