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First Time Buyer

A person is generally classified as a First-Time-Buyer if they're purchasing their only or main residence for the first time, and have never owned or had an interest in a property previously.

Buying for the first time can feel daunting.  From actually finding the right property, organising a Mortgage, finding a solicitor, to moving in, we are here to advise and explain each stage and help you get to where you want to be.

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The first step is to Contact Us - we will advise you on the Mortgage options available to you after meeting you and understanding your circumstances.  It doesn't matter if you haven't found a property just yet, we can provide you with the information you need to get started on your search for a Home.

In the meantime, we've outlined below some background information on Mortgages for First Time Buyers that we hope you'll find useful.

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How much can you borrow?

In the current market, you'll usually need a deposit of at least 5% of a property's value to get a mortgage. A mortgage lender would then lend you the remaining 95% of the property's value. So, if you wanted to buy a £150,000 property, you would need to save up at least £7,500 and borrow £142,500.


The amount of Mortgage you can get depends on your Income and Financial commitments. As a start point, lenders will generally lend a multiple of four times your income. This figure could be higher or lower depending upon your individual Circumstances and different lenders' criteria. Lenders who look at what you can afford will base this on the number of people applying, any loans, hire purchase or debts that you have outstanding.  Many lenders offer very good deals for First Time Buyers, so it is always worth asking us to research the market on your behalf.

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