FIRST-TIME BUYER MORTGAGES
FEE FREE
Advice for First-Time Buyers
Step onto the property ladder, with your friendly first time mortgage brokers
There’s nothing like the buzz of buying your first home – but the process can feel a little daunting from deciding what your purchase price offer to put in with the estate agent should be, to getting your offer accepted.
Right now, your head is probably spinning from all the first time buyer mortgage deals out there, not to mention calculations on monthly payments will be, and concerns over whether you can afford the repayments as well as all the other associated costs like home insurance, surveyors, stamp duty, solicitors etc. The lists are endless.
Here at The Mortgage Branch, we have all the answers and can help you get your mortgage offer. As expert first time mortgage brokers you can let our team do the hard work, diving deep into the market and presenting the most cost-effective quotes on your new home that will save you thousands of pounds at this exciting life stage for your residential property journey.
And remember, we’ll support you with round-the-clock service, right through to completion so you can sweat the small stuff like your buildings insurance.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is £495.
First time buyer checklist
1. Save as hard as you can to build as big a deposit as you can, and discuss if your family will be helping you with the deposit
2. Get your finances in order – if you have any debt like credit cards, loans or overdrafts aim to pay these down as much as possible, consider what you are purchasing and how this can be viewed by an underwriter reviewing your bank statements e.g. online gambling. This will help with your credit score and your credit rating.
3. Review your credit file – make sure that there is nothing there that shouldn’t be, ensure that your addresses are all correct etc. It would also be beneficial to be shown on the voters roll at your current address.
4. Speak to a good local mortgage broker before looking at properties as they will help you understand what you can afford, help manage your expectations, and obtain a Decision In Principle for you to start actively pursuing properties.
5. Consider all the other fees and costs – Make sure that you have additional funds set aside for legal costs, moving costs, getting locks changed (if necessary), emergency fund for anything that you may need help with when you move in (plumbing/electrics)
We’ll support you with round-the-clock service, right through to completion.
MORTGAGE CALCULATOR
How much can I borrow?
Your total monthly payment
To discuss your options, call us today on 01242 696235
Please note that this is only an illustrative calculation and our brokers will be able to provide a more accurate affordability figure once they have discussed your current financial position.
When you put down roots, so do we.
Working with our long-standing charity partner, Gloucestershire Wildlife Trust, we pledge to plant a tree in your name when your mortgage completes.
Free Mortgage Monitoring
The Mortgage Branch has launched a platform to allow anyone with a mortgage, (or multiple mortgages!) to automatically track and review 1000s or mortgages daily, ensuring you're on the best possible deal!
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Latest Mortage Deals.
We’ve picked out some of today’s holiday let mortgage rates to give you an idea of what interest rates could be available to you.