we are first time buyers
First Time buyer Mortgages
When you’re looking to buy a house for the first time, it may look like quite a complicated procedure. There are some fundamental things you need to consider, but we can offer help from the start of the first time buyer process through to completion. Remember, it can be an extremely long-winded process and months can pass between when you first start to look for that ideal house and when you finally move into your new home, but it’s all a bit easier if you have the right advice and help from an expert mortgage broker.
Let's start the house buying process right now with 6 simple steps...
Step 1
Investigate your mortgage options
It’s really important to speak to a Mortgage Mentor to find out:
- What the costs of moving house or buying a house actually are
- How much you can borrow on a mortgage
- How much will you be able to spend
- How much will your monthly mortgage repayments be
Step 2
Find your dream home
This is the fun part of buying a house. Get yourself out there and view as many properties as you can…
- Arrange property viewings with Estate Agents
- Negotiate on the property (don’t forget to start low. You can always go up but you can’t come down)
- Agree a deal with the seller for the house you want to buy
- Get an agreement in principle from your ‘Mortgage Mentor’ at we are mortgages
Step 3
Apply for your mortgage
This is when you need to decide on a mortgage product. We will give you advice and submit the mortgage applications on your behalf.
- Apply for your mortgage and mortgage protection
- Instruct your solicitors
- Your Mortgage Mentor will send off all your documents to the mortgage lender for them to review
Step 4
Mortgage offer
Make sure there isn’t a stone left unturned on your mortgage offer.
- Once your survey has come back and documents accepted from the mortgage lender, a full mortgage offer will be produced
- We will review your mortgage and mortgage protection arrangements with you to make sure you’re happy with everything
Step 5
Exchange contracts
This is a vital part of the house buying process and it’s all legally binding. We will help you get to this point of home buying as quickly as possible.
- Before you exchange contracts on your house, you’ll need to sign a mortgage deed, a contract and a transfer of equity form
- This is when your deposit is lodged with the solicitors and it becomes legally binding… Time to relax!
Step 6
Completion!
This is the most exciting part of the process… Time to take the first walk around your lovely new home!
- Completion on your property purchase will usually happen a week or so after exchange, however, it might be longer depending on others in the property chain or if it’s a new build
- Time to pick up the keys, put the kettle on and have a cuppa in your new home!
What should you do now?
We can’t stress enough how important step 1 is and that it’s completed before you do anything else.
Step 1 is the foundation for understanding what you can do and it’s important you get expert advice in this field.
That’s where we come in. We want to help and give you advice from the very beginning because we understand how important it is to get that right.
Please call us now for FREE to speak to an expert