First time buyer
You may find buying your first home a little bit daunting. With the challenge of finding your first property, choosing the right mortgage, selecting the best solicitor and making sure the whole process runs smoothly.
First Time Buyers
Your first step?
The first step is to contact us and we will advise you on the mortgage options available to you. It doesn’t matter if you haven’t found a property just yet, we can provide you with some facts and figures that will help you select the property within your price range.
In the meantime we’ve outlined below some background information on mortgages for first time buyers that we hope you’ll find useful.
How much can you borrow?
The amount of mortgage you can get depends on your income. Some lenders use a multiple of your income others look at how much you can afford based on your income and outgoings. As a rough guide, a typical multiple is four times your income. This figure could be higher or lower depending upon your individual circumstances and different lenders’ criteria.
HELP TO BUY: EQUITY LOAN
How could the scheme help to get me on the property ladder?
If you want to buy a home of your own, but don’t have a very large deposit, the government’s Help to Buy: Equity Loan scheme is there to lend a hand.
It could help you pay a lower deposit and pay less per month for the first five years. Over half a million properties have been bought since 2013 using a government Help to Buy scheme.
Find out more by reading our free guide
David Waters, Independent Mortgage Broker.
To check we can get you a mortgage we need to know a few things about you in order to find you the most suitable mortgage.
It’s nice and easy, no complicated jargon and will take no longer than a few minutes.
Today's best rates
Today’s Best Rates forFirst Time Buyers.
Ms. Thompson is looking to buy her first new home worth £120,000. She has a deposit of 10% (£12,000) and would like the mortgage to be over 25 years.
Below is an example of today’s best available rates for this scenario. If you would like to find out more please click on the Let us help button at the bottom of the table below.
How much can I borrow?
In under a few minutes, find out how much you may be able to borrow, see our favorable mortgage rates and how much your monthly mortgage payments could be.
If you would like to find out more please click on the Let us help button at the bottom of the table below.
Contact us
Advanta Mortgages gives you access to a broad range of wealth management solutions. If you’d like to know how we can help with your investment and wealth planning needs, get in touch. We’ll be delighted to provide more details of our services. Please contact us using one of the options listed below.
London
130 Buckingham Palace Road,
London, SW1W 9SA
Glasgow
121 West Regent Street,
Glasgow, G2 2SD
We don’t believe that one size fits all, so let us see how we can help you – get in touch.
