First-Time Homebuyer

Service Description

Buying your first home is an exciting experience, but it can also be overwhelming. At Mortgages Approved, we specialise in guiding first-time buyers through the process with clarity and ease. We know you have many questions, and we're here to answer them in clear, simple terms, making your home-buying journey as straightforward and stress-free as possible. Comprehensive Support Under One Roof * Mortgage, Legal, & Protection Services: Everything you need is available in one place. * Personalised Guidance: Bespoke advice tailored to your needs. * Full Support Throughout: We’re with you from start to finish. Key Considerations for First-Time Buyers Deposit & Income: Assess your deposit and income to understand your borrowing capacity and potential mortgage terms. Financial Health: Your credit score can impact your mortgage options and interest rates. While we work with lenders who cater to those with poor credit, a strong financial profile can secure better terms. Location & Market: Consider local property prices and market trends carefully. Being informed will help you make confident decisions. Why Use a Mortgage Broker? A broker like Mortgages Approved has access to exclusive information, including lenders’ credit and affordability criteria, helping you find the best mortgage deal. We’re here to navigate the complexities, ensuring you make well-informed decisions. Your Step-by-Step Guide to Buying Your First Home 1. Save for a Deposit: Start with at least 5% to unlock better rates. 2. Determine Borrowing Power: Consult us to find out how much you can borrow. 3. Get an AIP: Secure an Agreement in Principle to show sellers you’re serious. 4. Start House-Hunting: Register and set alerts to find your dream home. 5. Visit Properties: See them in person to confirm they fit your needs. 6. Make an Offer: Base it on market trends and be ready to negotiate. 7. Apply for a Mortgage: Let us find the best lender and manage your application. 8. Choose a Solicitor: Use our trusted partners for a smooth legal process. 9. Get a Survey: Ensure the property’s soundness with a survey. 10. Receive Mortgage Offer: Finalise with a formal offer from your lender. 11. Arrange Insurance: Secure buildings insurance before contract exchange. 12. Exchange Contracts: Lock in your purchase and pay your deposit. 13. Complete & Celebrate: Transfer funds, get your keys, and celebrate!