2 minutes
2 minutes
2 minutes
2 minutes
to read
to read
to read
to read
Thursday 17 March 2022
Thursday 17 March 2022
Thursday 17 March 2022
Thursday 17 March 2022
Purchasing your first home can be an overwhelming task, especially with the abundance of conflicting advice available. At Barrett Mortgages, our experienced team is here to provide you with clear, tailored advice to guide you through the entire process. From understanding how much you can borrow to obtaining an agreement in principle, we’ll help you become a qualified and desirable buyer in the eyes of estate agents and sellers.
Preparing for Your First Home Purchase
Save for a Deposit
The size of your deposit significantly impacts your mortgage application. A larger deposit not only increases your chances of acceptance but also reduces your monthly repayments and demonstrates financial stability to lenders. Aim to save consistently and prioritise building your deposit as much as possible.
Manage Your Finances
Lenders scrutinise your spending habits and financial stability. To improve your chances:
Reduce unnecessary outgoings.
Clear or reduce outstanding debt.
Ensure your income is regular and reliable.
Being financially organised and showcasing responsible spending habits can help present you as a trustworthy borrower.
Government Help-to-Buy Schemes
First-time buyers may also benefit from government schemes designed to make homeownership more accessible:
Help to Buy Equity Loan: Available for new-build homes, this scheme allows buyers with at least a 5% deposit to borrow up to 20% of the property’s value from the government. This means you only need a mortgage for the remaining 75% of the purchase price.
These initiatives provide an excellent opportunity for first-time buyers to secure a home with a smaller deposit.
Why Choose Barrett Mortgages for First-Time Buyer Advice?
Our dedicated team ensures you receive the support and advice necessary to navigate the complexities of first-time buyer mortgages. From financial planning to securing an agreement in principle, we’re here to make the process as smooth as possible.
Benefits of Working with Us:
Personalised advice tailored to your financial situation.
Comprehensive guidance throughout the mortgage process.
Expert knowledge of first-time buyer schemes and offers.
Contact Us for First-Time Buyer Mortgages in Dorset
If you’re ready to embark on your journey to homeownership, get in touch with Barrett Mortgages today. Our team is here to answer your questions and help you every step of the way. Curious about our reputation? Check out our Google Reviews to see what our customers have to say.
Purchasing your first home can be an overwhelming task, especially with the abundance of conflicting advice available. At Barrett Mortgages, our experienced team is here to provide you with clear, tailored advice to guide you through the entire process. From understanding how much you can borrow to obtaining an agreement in principle, we’ll help you become a qualified and desirable buyer in the eyes of estate agents and sellers.
Preparing for Your First Home Purchase
Save for a Deposit
The size of your deposit significantly impacts your mortgage application. A larger deposit not only increases your chances of acceptance but also reduces your monthly repayments and demonstrates financial stability to lenders. Aim to save consistently and prioritise building your deposit as much as possible.
Manage Your Finances
Lenders scrutinise your spending habits and financial stability. To improve your chances:
Reduce unnecessary outgoings.
Clear or reduce outstanding debt.
Ensure your income is regular and reliable.
Being financially organised and showcasing responsible spending habits can help present you as a trustworthy borrower.
Government Help-to-Buy Schemes
First-time buyers may also benefit from government schemes designed to make homeownership more accessible:
Help to Buy Equity Loan: Available for new-build homes, this scheme allows buyers with at least a 5% deposit to borrow up to 20% of the property’s value from the government. This means you only need a mortgage for the remaining 75% of the purchase price.
These initiatives provide an excellent opportunity for first-time buyers to secure a home with a smaller deposit.
Why Choose Barrett Mortgages for First-Time Buyer Advice?
Our dedicated team ensures you receive the support and advice necessary to navigate the complexities of first-time buyer mortgages. From financial planning to securing an agreement in principle, we’re here to make the process as smooth as possible.
Benefits of Working with Us:
Personalised advice tailored to your financial situation.
Comprehensive guidance throughout the mortgage process.
Expert knowledge of first-time buyer schemes and offers.
Contact Us for First-Time Buyer Mortgages in Dorset
If you’re ready to embark on your journey to homeownership, get in touch with Barrett Mortgages today. Our team is here to answer your questions and help you every step of the way. Curious about our reputation? Check out our Google Reviews to see what our customers have to say.
