First Time Buyer Mortgage Advice
Are you a first-time buyer currently looking for a mortgage? Buying your first home is one of the biggest financial decisions you’ll make in your life, so it’s imperative that you take out a mortgage that is ideal for your individual needs. We have a team of mortgage advisers that are happy to help with any questions that you have regarding mortgages. Give us a call today on 01793488044 to speak to a friendly adviser about your mortgage options as a first-time buyer in Swindon.
Mortgages for First Time Buyers
The prospect of buying your first home could be both daunting and confusing. Our aim is to guide you through the process from start to finish so that you understand exactly what the purchase entails and how much it will cost.
The mortgage market changes all the time, not just in terms of mortgage deals and regulation but also in the way lenders assess loan applications.
Some of the changes have been in the way mortgage lenders assess the suitability of all clients for the different types of loan on offer. They base this decision on a variety of factors, primarily:
- The property – type, condition, access and location
- Employment status – amount and frequency of income (and time in your current role)
- Financial commitments – current and future (and your history of managing credit).
There is now more focus on affordability and expenditure. This is very different to the traditional approach of simply multiplying your annual personal (or rental) income by a pre-set multiple to obtain a maximum lending amount.
We pride ourselves on being up to date with regulation, legislation and the economic market.
We understand your needs, match that to the requirements of lenders, and protect you and your dependants once you have bought your property.
This way, we help you save time and money in the new world of mortgage advice.
Getting on the ladder
There are actually some advantages to being a first time buyer, for example first time buyers are more appealing to sellers because they are not in a chain.
As we have access to many lenders we are well placed to assist you, however these days it is a necessity to provide a substantial deposit in order to get a mortgage (although there are a number of 95 per cent mortgage deals around), and you may be eligible for further assistance from the government.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
If you’re looking to purchase your first home in Swindon and are in need of advice on the different first time buyer mortgages available to you, then please give us a call on 01793488044 today. As mortgage specialists, we can give you advice on the best options for your individual circumstances.
Are you a first-time buyer currently looking for a mortgage? Buying your first home is one of the biggest financial decisions you’ll make in your life, so it’s imperative that you take out a mortgage that is ideal for your individual needs. We have a team of mortgage advisers that are happy to help with any questions that you have regarding mortgages. Give us a call today on 01793488044 to speak to a friendly adviser about your mortgage options as a first-time buyer in Swindon.
Mortgages for First Time Buyers
The prospect of buying your first home could be both daunting and confusing. Our aim is to guide you through the process from start to finish so that you understand exactly what the purchase entails and how much it will cost.
The mortgage market changes all the time, not just in terms of mortgage deals and regulation but also in the way lenders assess loan applications.
Some of the changes have been in the way mortgage lenders assess the suitability of all clients for the different types of loan on offer. They base this decision on a variety of factors, primarily:
- The property – type, condition, access and location
- Employment status – amount and frequency of income (and time in your current role)
- Financial commitments – current and future (and your history of managing credit).
There is now more focus on affordability and expenditure. This is very different to the traditional approach of simply multiplying your annual personal (or rental) income by a pre-set multiple to obtain a maximum lending amount.
We pride ourselves on being up to date with regulation, legislation and the economic market.
We understand your needs, match that to the requirements of lenders, and protect you and your dependants once you have bought your property.
This way, we help you save time and money in the new world of mortgage advice.
Getting on the ladder
There are actually some advantages to being a first time buyer, for example first time buyers are more appealing to sellers because they are not in a chain.
As we have access to many lenders we are well placed to assist you, however these days it is a necessity to provide a substantial deposit in order to get a mortgage (although there are a number of 95 per cent mortgage deals around), and you may be eligible for further assistance from the government.
As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.
If you’re looking to purchase your first home in Swindon and are in need of advice on the different first time buyer mortgages available to you, then please give us a call on 01793488044 today. As mortgage specialists, we can give you advice on the best options for your individual circumstances.
