Category: First Time Buyer Mortgages

  • Case Study: Supporting First-Time Buyers with a Long-Term Mortgage Solution

    Case Study: Supporting First-Time Buyers with a Long-Term Mortgage Solution

    The Scenario In Blackwater, Camberley, Surrey, a young professional couple embarked on the exciting journey of purchasing their first home. Both employed and earning a combined annual income of £90,000, they were looking to secure a flat with a purchase price of £230,000. Their deposit, accumulated through savings, amounted to £23,000, leaving a loan requirement… Read more

  • Bridging Loans for First Time Buyers

    Bridging Loans for First Time Buyers

    Bridging Loans for First Time Buyers When and Why They Are Used When you are buying your first property, most people assume a mortgage is the only option. In many cases, which is true. However, there are situations where a standard mortgage does not work, at least not straight away. This is usually when bridging… Read more

  • Case Study: Supporting First-Time Buyers in Petersfield

    Case Study: Supporting First-Time Buyers in Petersfield

    Introduction Purchasing a first home is a significant milestone, especially when the property is privately sold through personal connections. This case highlights how we helped first-time buyers in Petersfield secure an affordable and secure mortgage tailored to their needs. The Scenario The customers, first-time buyers, were purchasing a property privately from owners they knew. The… Read more

  • Costs And Fees When Buying Your Home

    Costs And Fees When Buying Your Home

    Understanding the costs and fees when buying property When you buy a property, the purchase price is only part of the overall cost. There are several fees and expenses involved before, during, and after completion. Some are paid upfront, some are linked to your mortgage, and others are ongoing once you own the property. Understanding… Read more

  • Case Study: First-Time Buyer Mortgage for Championship Footballer Using Contract Income

    Case Study: First-Time Buyer Mortgage for Championship Footballer Using Contract Income

    The Scenario A professional footballer in the EFL Championship had just signed a new contract after moving clubs and wanted to buy his first home in London. He was only a few days into his new contract and didn’t yet have payslips from the new club. The property was worth £880,000, and he needed a… Read more

  • What is a Joint Borrower Sole Proprietor (JBSP) Mortgage

    What is a Joint Borrower Sole Proprietor (JBSP) Mortgage

    Get a Mortgage with Family Help: How JBSP Mortgages Work Getting onto the property ladder can feel like an uphill climb, especially if your income alone doesn’t stretch far enough. Whether you’re a first-time buyer or simply struggling to borrow enough on your own, a Joint Borrower Sole Proprietor (JBSP) mortgage could be the solution… Read more

  • Green Mortgage Deals for EPC A–C Homes

    Green Mortgage Deals for EPC A–C Homes

    Green Mortgage Deals Explained If you’re planning to buy a home or remortgage, you might be surprised to learn that your property’s energy efficiency could impact the type of mortgage you get. Green mortgages are a growing trend in the lending world, offering incentives such as lower rates or cashback when you choose or improve… Read more

  • First-Time Buyer Mortgage with a Gifted Deposit

    First-Time Buyer Mortgage with a Gifted Deposit

    Get a Mortgage with a Gifted Deposit as a First-Time Buyer Getting your foot on the property ladder can feel like an uphill battle, especially when house prices continue to rise faster than wages. For many first-time buyers, the biggest hurdle is saving enough for a deposit. But if a family member is willing to… Read more

  • What to Bring to Your Mortgage Appointment

    What to Bring to Your Mortgage Appointment

    Essential Checklist: Documents You Need for a Hassle-Free Mortgage Appointment Preparing for your mortgage appointment is crucial for a smoother and more efficient application process.  Bringing or sending over the correct documents can significantly speed up the approval of your mortgage or remortgage.  At Kerr & Watson, we aim to make this process as seamless… Read more

  • Case Study: Helping a Young Couple Buy Their First Home in the UK

    Case Study: Helping a Young Couple Buy Their First Home in the UK

    The Scenario A young married couple recently moved to the UK in October 2023. Adjusting to life in a new country comes with numerous challenges, and one of their key milestones was purchasing their first home. They found their ideal property in Ramsbottom, Lancashire, and were eager to secure a mortgage that aligned with their… Read more

  • Can You Buy a House Off Your Landlord

    Can You Buy a House Off Your Landlord

    Buying Your Rental Home from Your Landlord: Steps & Mortgage Options Have you ever found yourself loving the home you rent so much that you wish you could buy it? Well, purchasing your rented property directly from your landlord is not just a dream, but it can be a practical and beneficial option for both… Read more

  • Shared Ownership Mortgages

    Shared Ownership Mortgages

    Shared Ownership Mortgage Advice, Buy a Home with a Low Deposit If you’ve been dreaming of owning your own home but feel held back by high prices and hefty deposits, you’re not alone. For many first-time buyers, the traditional route to homeownership seems out of reach. But there’s good news. A shared ownership mortgage could… Read more