Stepping onto the ladder
First time buyer mortgages, made simple
Buying your first home is one of the biggest financial decisions you’ll ever make. We understand that the mortgage market can feel overwhelming, with hundreds of deals from dozens of lenders. Our advisors cut through the noise, find you the best rate, and guide you every step of the way, from Agreement in Principle to completion.
As a whole of market broker, we’re not tied to any one lender. That means we search the entire market on your behalf, including deals not available on the high street.
- Whole-of-market mortgage search
- Agreement in Principle within hours
- Up to 6x income borrowing available
- Help to Buy & shared ownership advice
- No obligation free consultation
- Managed from start to completion
Borrowing capacity
How much can you borrow?
Most lenders assess affordability based on a multiple of your income. Historically this was around 4-4.5x, but specialist lenders and certain schemes now offer up to 6x income for first time buyers in the right circumstances, a significant difference when property prices are high.
Standard Lenders
Typically lend 4-4.5x your annual income. Straightforward to qualify for, widely available across high street and specialist lenders.
Enhanced Lenders
Specialist lenders offer up to 5x income for higher earners or those with strong credit profiles. Fewer lenders, but worth exploring.
Up to 6x Income
Some lenders now offer up to 6x income for first time buyers who meet certain criteria. We’ll assess whether you qualify and which lenders to approach.
Getting ready to buy
Deposits, schemes & government help
A larger deposit typically unlocks better interest rates, the key thresholds are 5%, 10%, 15%, and 25%. But there are schemes designed to help first time buyers get on the ladder with a smaller deposit.
Shared Ownership
Buy a share (25%-75%) of a property and pay rent on the rest. You can increase your share over time through “staircasing.” Available on new build and resale properties.
Lifetime ISA
Save up to £4,000 per year and receive a 25% government bonus (up to £1,000/year) towards your deposit. Must be used for your first home purchase or retirement.
The journey ahead
The buying process, step by step
Understanding the process helps remove the anxiety from buying your first home. Here’s what to expect:
- Free initial consultation with your advisor
- Agreement in Principle (AIP) from lender
- Property search with AIP in hand
- Offer accepted, full mortgage application
- Survey and valuation arranged
- Exchange contracts, legally binding
- Completion day, get your keys!
- Ongoing support for remortgage reviews
