Purchase

Buying your first home and dealing with Estate Agents for the first time and every other time can be an overwhelming experience. We will act for you as your mortgage broker ensuring you receive advice you can trust and rely on. Your dedicated advisor will liaise with estate agents, lender, solicitor and insurance company, keeping you informed every step of the way.

Rising house prices have made this process a daunting prospect for many First Time Buyers, but there are a range of mortgage products available in today’s market:

What type of Mortgage Should I look for, Fixed or Variable?
As a First time buyer choosing a high loan to value mortgage you should really be seeking to stabalise your monthly payments with a fixed rate mortgage. Tracker rates open you up to much greater repayments if interest rates rise.

What could Go Wrong
If rates increase and the property market falls away , you could find yourself in a negative equity situation. Which means you owe more than the value of the property. This is a big risk factor to seriously think about and discuss with other parties to the mortgage before signing on the dotted line.

Joint Applicants
Many First Time Buyers purchase their property with a partner, friend or family member. The second applicant does not always have to appear on the title deeds of the property.

Guarantors
Some First Time Buyers receive financial help from family members, mainly parents. Lenders may consider a guarantor for a loan in order to make up a shortfall.