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Wednesday 8 July 2020
Wednesday 8 July 2020
Wednesday 8 July 2020
Wednesday 8 July 2020
Buying your first home can feel daunting, especially when faced with conflicting advice from friends and family. That’s where we come in. Our experienced advisors are here to provide clear, professional guidance, ensuring you have all the information and support you need to take this important step confidently.
How We Can Help
Our team offers personalised assistance throughout the process, including:
Calculating How Much You Can Borrow: Understand your borrowing capacity based on your income, expenses, and financial situation.
Breaking Down Costs: Get a clear view of all costs involved in obtaining your first mortgage.
Obtaining an Agreement in Principle: This makes you a qualified purchaser and a desirable buyer to estate agents.
With our guidance, you’ll have the confidence and tools to navigate the home-buying process effectively.
Importance of a Bigger Deposit
When applying for a mortgage, the size of your deposit plays a significant role in your approval chances and the terms of your mortgage. A larger deposit offers several benefits:
Improved Loan Approval: Lenders view a bigger deposit as added security, reducing their risk.
Lower Monthly Repayments: The more you pay upfront, the less you need to borrow—and repay.
Better Interest Rates: A larger deposit often qualifies you for more competitive interest rates.
Tips to Save for a Deposit
To increase your deposit, consider:
Saving consistently each month.
Reducing your monthly outgoings.
Paying off existing debt.
Maintaining a clean credit rating.
Government Help-to-Buy Schemes
The government offers Help-to-Buy Schemes designed to support first-time buyers, particularly those purchasing newly built homes. Here’s how it works:
Buyers need a minimum deposit of 5%.
The government lends up to 20% of the property’s purchase price.
This allows you to secure a mortgage for just 75% of the property’s cost.
These schemes can make it more affordable to purchase your first home while reducing the amount you need to borrow.
Contact Us for Personalised Advice
If you’re ready to take your first steps onto the property ladder, get in touch with us. We’ll walk you through the entire process, answer any questions, and help you secure the best mortgage for your needs.
Buying your first home can feel daunting, especially when faced with conflicting advice from friends and family. That’s where we come in. Our experienced advisors are here to provide clear, professional guidance, ensuring you have all the information and support you need to take this important step confidently.
How We Can Help
Our team offers personalised assistance throughout the process, including:
Calculating How Much You Can Borrow: Understand your borrowing capacity based on your income, expenses, and financial situation.
Breaking Down Costs: Get a clear view of all costs involved in obtaining your first mortgage.
Obtaining an Agreement in Principle: This makes you a qualified purchaser and a desirable buyer to estate agents.
With our guidance, you’ll have the confidence and tools to navigate the home-buying process effectively.
Importance of a Bigger Deposit
When applying for a mortgage, the size of your deposit plays a significant role in your approval chances and the terms of your mortgage. A larger deposit offers several benefits:
Improved Loan Approval: Lenders view a bigger deposit as added security, reducing their risk.
Lower Monthly Repayments: The more you pay upfront, the less you need to borrow—and repay.
Better Interest Rates: A larger deposit often qualifies you for more competitive interest rates.
Tips to Save for a Deposit
To increase your deposit, consider:
Saving consistently each month.
Reducing your monthly outgoings.
Paying off existing debt.
Maintaining a clean credit rating.
Government Help-to-Buy Schemes
The government offers Help-to-Buy Schemes designed to support first-time buyers, particularly those purchasing newly built homes. Here’s how it works:
Buyers need a minimum deposit of 5%.
The government lends up to 20% of the property’s purchase price.
This allows you to secure a mortgage for just 75% of the property’s cost.
These schemes can make it more affordable to purchase your first home while reducing the amount you need to borrow.
Contact Us for Personalised Advice
If you’re ready to take your first steps onto the property ladder, get in touch with us. We’ll walk you through the entire process, answer any questions, and help you secure the best mortgage for your needs.
