First time buyers
Buying your first home can be both exciting and nerve-racking. It’s exciting to have your own front door and space to call your own but nerve-racking finding somewhere you can afford, saving enough for the deposit and getting a mortgage that’s right for your financial circumstances.
Your deposit is the money you’ve saved up to put towards your first home. The more you’ve managed to save, the less you’ll need to borrow. And lenders will probably also be able to offer you better deals if you have a bigger deposit.
When you apply for a mortgage, your lender will check that you can afford to pay it back every month. They’ll look at things like your annual salary but also your other costs, including credit cards and other loans, before they make you an offer.
It’s sensible to get advice before you start looking for a property to buy. We can help you work out your budget and give you useful tips and hints that will help you prepare your mortgage application. We know what’s happening in the market, so we can help you make your mortgage application to the most appropriate lender when the time is right.
A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.