First Time Buyer Mortgages
Buying your first home can be an exciting time, but also scary and sometimes daunting. I navigate the market for you, saving you time and stress, finding those mortgage lenders who will approve you whilst helping you over every hurdle. Some questions you may be asking yourself are:
What is my first step?
How much can I borrow?
How much deposit do I need and how can I fund this?
What will it cost me?
How do I know I am making the right decision?
With every new home owner, I complete a detailed income and expenditure assessment, helping you to understand the future costs of owning a home whilst maintaining your life style choices.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The First Time Buyer Steps...
1
Step 1 -
Agreement in principle
Obtain an agreement in principle. This confirms your maximum
borrowing amount and can be used to show estate agents or sellers you have been pre-approved for
a mortgage.
2
Step 2 -
Find your home
Find your new home with support from myself, reviewing properties of
interest to ensure they are within your budget, having no hidden costs.
3
Step 3-
Offer on a property
Submit an offer on a property to the seller, this is usually through an
estate agent.
4
Step 4 -
Mortgage Application
Step 4 Apply for your new mortgage– Once your offer has been accepted, I will review the market
5
Step 5 - Mortgage Offer
Once the mortgage lender has fully assessed your application and the property, a mortgage offer will be issued and your mortgage agreement will wait for the legal work to be completed. In theory our job is then done, until completion!
6
Step 6 - Completion
All legal work has completed, and you will complete on your purchase, obtaining your keys. Your mortgage will start and any insurance you require is also put in place to ensure you your fully
protected whilst you are responsible for your mortgage.
Think of me as your personal assistant, supporting you with each and every step in buying your first
home, ranging from full support with your mortgage, support with solicitors and estate agents, to
breaking down any jargon you are likely to come across during your journey.
Buying your first home – The Journey
Please contact me to discuss the following steps in more details and allow me to explain the process
in more depth.
