First Time Buyer Mortgages
“As a first time buyer, I was scared by horror stories over how stressful buying a house is. Buying the house itself was not stressful – thanks to Kate and her team” – Kiri, TMAG Client. April 2021
First time buyer mortgages.
Friendly, helpful advice from our team.
At The Mortgage Advice Group, we’re here to support you every step of the way, offering mortgage advice for first time buyers. We know that buying your first home can feel overwhelming, so our goal is to make the process as smooth and simple as possible, ensuring you find the best first time buyer mortgages for your needs.
As your mortgage advisors, we’ll walk you through the facts, figures, and decisions from beginning to end. From your agreement in principle, to solicitor fees to surveys and mortgage arrangement costs, we’ll explain all the expenses involved and when they need to be paid, so there are no surprises. We can also assist you with affordable housing schemes and walk you through applying for a first time buyer mortgage scheme. Get in touch today.
Here’s how we can assist you with mortgage advice for first time buyers:
Agreement In Principle
One of the first steps in buying a home is getting an agreement in principle, which verifies your financial status to the estate agent. This can give you an advantage over other buyers. We’ll ensure you have this agreement ready after our first meeting, free of charge.
Mortgage Comparisons
With access to a broad selection of mortgage lenders, we will search the market to find the most suitable first time buyer mortgages for you.
Budget Planning
Lenders calculate how much you can borrow by looking at your income, expenses, the property’s value, and your deposit. They’ll also review your credit history. We’ll work with you to complete a detailed budget plan, ensuring the mortgage and all related costs are manageable.
Understanding Buying Costs
Buying a home involves more than just securing a mortgage. As part of our mortgage advice for first time buyers, we’ll guide you through all the additional costs that may arise during the process, helping you budget effectively for everything.
Affordable Housing Schemes
The government has several schemes to help you get on the property ladder. We can talk you through all options including other affordable housing schemes such as shared ownership. We have vast experience in dealing with applications for affordable housing schemes.
Protecting Your Finances
While helping you secure your first home is our priority, we also focus on ensuring you and your family are protected financially. We’ll help set up the right protections so that you can keep your home, no matter what life brings your way.
IMPORTANT REMINDER: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH MORTGAGE REPAYMENTS.
Speak with one of our team
Our Locations
Prospect House, Church Green West, Redditch, B97 4DJ
301 Pershore Road South, Kings Norton, Birmingham, B30 3EX
The Mortgage Advice Group is a trading name of McTernan Financial Limited an Appointed Representative of Primis Mortgage Network, a trading name of Advance Mortgage Funding Limited (FRN 305008) which is authorised and regulated by the Financial Conduct Authority.
Registered Office: Prospect House, Church Green West, Redditch B97 4DJ. Registered in England and Wales. Company number: 09168296.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The Financial Conduct Authority does not regulate all Buy to Let mortgages
We charge an arrangement fee of £395 which is payable when a full application is made to a lender. This is a Lifetime fee which is payable by new customers when their first application is made. Your adviser will agree your arrangement fee with you before commencing any chargeable work.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK.