Tag: first time buyer

  • Case Study: Long-Term Mortgage Solution for First-Time Buyers

    Case Study: Long-Term Mortgage Solution for First-Time Buyers

    Summary We recently helped a young professional couple purchase their first home in Blackwater, near Camberley, Surrey. They were buying a flat for £230,000 with a £23,000 deposit and required a mortgage of £207,000. Both applicants were employed with a combined income of £90,000, but they were also both living in the UK on Tier… 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

    Summary We recently helped first-time buyers purchase a property in Petersfield through a private sale agreed directly with owners they already knew. The customers were using a combination of personal savings and family inheritances for their deposit and wanted a 25-year mortgage term to keep repayments manageable without extending the borrowing unnecessarily. They also preferred… 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

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

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

    Summary We recently helped a young married couple who had moved to the UK in October 2023 purchase their first home in Ramsbottom, Lancashire. The main challenge was that they had only been living in the UK for around ten months, meaning they had a relatively limited UK credit history. They wanted a mortgage that… Read more

  • Can My Parents Help Me with My First Mortgage?

    Can My Parents Help Me with My First Mortgage?

    Can My Parents Help Me with My First Mortgage? Options & Expert Advice Getting onto the property ladder can be challenging, especially with rising house prices and strict mortgage affordability checks. If you’re finding it difficult to save for a deposit or qualify for a mortgage on your own, you might be wondering if your… Read more

  • Interest Only Mortgage First Time Buyers

    Interest Only Mortgage First Time Buyers

    Buying Your First Home with an Interest Only Mortgage Buying your first home is a big step, and understanding your mortgage options can be just as overwhelming as choosing the property itself. While most first time buyers opt for traditional repayment mortgages, there’s another type you might have come across, the interest only mortgage. But… Read more

  • Case Study: First-Time Buyers Securing a Home in Farnham

    Case Study: First-Time Buyers Securing a Home in Farnham

    Summary We recently helped a couple from Farnborough purchase their first home in Farnham for £415,000. They had saved a £55,000 deposit and required a mortgage of £360,000. Both customers were employed full-time, with one working in finance and the other as a teacher. Their priorities were a five-year fixed rate for payment stability, a… Read more

  • How To Get A First Time Buyer Mortgage

    How To Get A First Time Buyer Mortgage

    How to Secure Your First-Time Buyer Mortgage Getting your first-time buyer mortgage can involve numerous steps, from understanding how much you can borrow to exploring the various product options available to newcomers in the property market. This guide is designed to simplify your journey, offering a structured path to securing your first-time buyer mortgage and… Read more

  • Can You Get a Buy to Let Mortgage as a First-Time Buyer

    Can You Get a Buy to Let Mortgage as a First-Time Buyer

    First-Time Buyer Buy to Let Guide – How to Get a Landlord Mortgage When you hear the term “first-time buyer,” your mind probably jumps to someone purchasing a home to live in. But not every first-time buyer wants to buy their forever home straight away. For some, stepping onto the property ladder means investing in… Read more

  • Case Study: First-Time Buyer Mortgage with Family Guarantor

    Case Study: First-Time Buyer Mortgage with Family Guarantor

    Summary We recently helped a first-time buyer in Camberley, Surrey, purchase a property in their sole name with financial support from a parent. The customer required a £160,000 mortgage, but their income alone was not sufficient for the level of borrowing needed. Their parent was happy to support the application as a guarantor while remaining… Read more

  • First Time Buyer 95% LTV Mortgages

    First Time Buyer 95% LTV Mortgages

    First Time Buyer 95% LTV Mortgages: Everything You Need to Know As a first-time buyer, getting on the property ladder can feel like a challenge, particularly when it comes to saving for a deposit. If you’re struggling to save up a large deposit, a 95% loan-to-value (LTV) mortgage could be an option for you. This… Read more