Getting mortgage ready
What is the most suitable mortgage for a First Time Buyer?
We all want to find the Ideal Mortgage, but if you’re a First Time Buyer how do you do that? Maybe you’re confused by all the mortgage choices or intimidated by the jargon? What is the most suitable mortgage for a First Time Buyer?
Buying a home is one of the biggest financial commitments we are likely to face in our lifetime. With such a wide choice of products available, it is important to seek expert mortgage advice to find the Ideal Mortgage for you.
Although buying your first home is exciting, and a huge decision, that doesn’t mean it has to be difficult. Just speak to us and we’ll help you through every step. By working together, we can help your big move run smoothly.
Our step-by-step guide should help you get mortgage ready, or you can download our comprehensive mortgage advice guide. At any stage you can just contact us for a chat, or to arrange an appointment with our friendly mortgage advisers. After all we make finding mortgages easy!
Our step-by-step guide:
Use our affordability and mortgage cost calculators to give you an idea of what you can realistically afford. Talk to one of our advisers today for a definitive answer
You’ll need to start saving or already have a deposit. There are various different types of products available, each with different deposit options. Talk to us to find out more.
You’ll need to gather evidence for the lenders such as bank statements, ID, payslips etc. But we can help you have all that ready from the start of the process.
This is the fun bit!! Once you find one, put in an offer, cross your fingers and hope its accepted.
Let us know your offer has been accepted and we can go ahead and apply for your mortgage.
Your solicitor will carry out the necessary checks and searches on the property prior to putting the contract in place.
The contract for sale is the agreement between you and the seller. It sets out all the agreed details such as price and planned completion date. A few days before completion, your solicitor will request the loan funds from our agreed lender.
Before you draw down your mortgage, it is advisable to have adequate life & critical illness cover, income protection and home insurance in place. Nobody wants to think about the bad things in life but we want to make sure all are clients are properly protected. We’ll also help advise and arrange cover specific to your needs.
Don’t be lifting too many heavy boxes as we want your first few days in your new home to be happy ones…. There may even be a little something from us to welcome you home.
