First Time Buyer
Start Your Journey with Page Mortgages
Buying your first home is an exciting milestone, but it can also feel overwhelming. At Page Mortgages, we're dedicated to making your first home purchase as seamless and enjoyable as possible. Understanding the basics of what a first-time buyer needs to know about mortgages is the first step towards owning your dream home.
Navigating Your First Mortgage
A mortgage for a first-time home buyer is a loan that enables you to cover the cost of your new home over time. You'll agree to pay back the loan amount plus interest through monthly payments. Since this is likely one of the largest financial commitments you'll make, choosing the right mortgage partner is crucial.
Why First-Time Buyers Choose Page Mortgages?
Simplified Process: We know the mortgage process can be daunting, especially for first-time buyers. That's why we simplify it, breaking down complex terms and procedures into easy-to-understand language.
First-Time Buyer Programs: We specialise in programs designed for first-time buyers, including those with low down payments, government-backed loans, and incentives that make home ownership more accessible.
Personalised Advice: Our expert team offers Personalised advice tailored to your financial situation. We help you understand how much you can afford, explain different types of mortgages, and guide you in choosing the best option for your needs.
Comprehensive Support: From finding the right mortgage to navigating the application process and closing on your home, we're with you every step of the way. Our support doesn't end at closing; we're always here to answer questions and provide assistance.
Empowering You Towards Home Ownership
Our mission at Page Mortgages is to empower first-time buyers by providing the tools and knowledge needed to make informed decisions. With our support, securing a mortgage won't just be a dream but a reality.
No Surprise Policy: We believe in transparency. With us, there are no hidden fees or surprises. We explain all costs upfront, so you know exactly what to expect.
Take the First Step with Page Mortgages.
Your dream home awaits, and with Page Mortgages, you're not alone on this journey. Our dedicated team is here to guide you through every step, ensuring your first home purchase is a rewarding experience.
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 £200,000 property, you would need to save up at least £10,000 and borrow £190,000.
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.