First-time buyer mortgage
The short answer
Deposits, schemes and first-home lending
- Price from
- On quote
- Time on site
- 1 to 2 hours
What you get
You get a consultation with a specialist mortgage adviser who will guide you through the process of buying your first home.
See your price and free times
Enter your postcode to see the cheapest price for First-time buyer mortgage near you and the next available times.
When do you need a First-time buyer mortgage?
You need a first-time buyer mortgage when you are ready to purchase your first residential property in the UK. This includes having a deposit saved and understanding your borrowing capacity.
What happens on the day
A mortgage adviser will discuss your financial situation, income, outgoings, and deposit amount. They will explain different mortgage products, government schemes available (like Lifetime ISAs or Help to Buy), and help you get an 'agreement in principle'.
How to prepare
- Proof of identity and address
- Your last three months' payslips or self-assessment tax returns
- Your last three months' bank statements
- Details of any existing debts or loans
- Proof of your deposit funds
How to improve your result
- Save as large a deposit as possible.
- Check and improve your credit score.
- Reduce non-essential spending before applying.
- Research government schemes like Lifetime ISAs.
Why it is useful day to day
Securing a first-time buyer mortgage turns the dream of homeownership into a reality. It provides a stable living situation, allows you to build equity, and often provides a sense of security and independence.
Why we ask these questions
We ask about your property and financial situation to determine your affordability and suitability for various mortgage products. This includes your income, deposit, credit history, and the type of property you wish to buy, to ensure we find the best first-time buyer options.
Frequently asked questions
Often needed alongside
Let-to-buy mortgage
Let your home and buy another
Residential mortgage advice
Whole-of-market mortgage advice
Shared ownership mortgage
Part-buy, part-rent lending and staircasing
Buying agent / property finder
Find and negotiate on your behalf