First Time Buyer Mortgage Advice

How I Help First Time Buyers

💰 Understanding Your Budget

🤝 Support All the Way Through the Process

🔎 Finding the Right Mortgage

We'll review your income, deposit and monthly commitments to understand what you can comfortably afford.

🔎 Finding the Right Mortgage

🤝 Support All the Way Through the Process

🔎 Finding the Right Mortgage

I search across a wide range of lenders to find a mortgage that suits your situation. I’ll explain the options clearly so you can choose with confidence.

🤝 Support All the Way Through the Process

From your first viewing to getting the keys, I’ll guide you through the process. I’m always available for questions and can even set up a WhatsApp group with you and the estate agent to keep things moving.

Mortgage Advice for First Time Buyers

Buying your first home is an exciting step, but understanding how mortgages work can feel overwhelming at the start. As a mortgage broker, I specialise in helping first time buyers understand their options and secure a mortgage that suits their circumstances.

Whether you're wondering how much you may be able to borrow, how much deposit you might need, or what lenders look for when assessing an application, I can guide you through the process step by step.

I work with a wide range of lenders to help find competitive mortgage options for first time buyers, making the process as clear and straightforward as possible.

Costs to Consider When Buying Your First Home

When buying your first home, there are a few costs to plan for in addition to your deposit

Stamp Duty Land Tax (SDLT)
First-time buyers in England may benefit from stamp duty relief. You usually won’t pay stamp duty on the first £425,000 of a property purchase, as long as the property price is £625,000 or less. If the purchase price is above this, standard stamp duty rates may apply.

Solicitor / Conveyancing Fees
A solicitor or conveyancer handles the legal work involved in buying a property, including contracts and transferring ownership.

Property Survey
A survey checks the condition of the property and can highlight any potential issues before you complete the purchase.

Mortgage Fees
Some mortgages include arrangement fees or valuation fees depending on the lender and product you choose.

Moving Costs
You may also want to budget for removal services, furniture, and other moving-related expenses.

I can help you understand all of these costs early in the process so there are no surprises later on.

First Time Buyer Mortgage Questions (FAQ)

How much deposit do I need to buy my first home?
Most lenders require at least a 5% deposit, although having a larger deposit can improve the mortgage rates available.

How much can I borrow as a first time buyer?
As a rough guide, many lenders will offer around 4 to 4.5 times your income, although this can vary depending on your circumstances. Lenders will also look at things like your monthly commitments, credit history, deposit, and overall affordability.

What is a mortgage agreement in principle?
An agreement in principle is an initial indication from a lender showing how much you may be able to borrow before you start making offers on properties.

Do I need a mortgage broker as a first time buyer?
Many first time buyers choose to use a mortgage broker because the process can feel complicated. A broker can explain your options, compare lenders and guide you through the application.

What credit score do I need to get a mortgage?

Mortgage lenders look at your overall credit history rather than a single score. Even if your credit history isn't perfect, there may still be mortgage options available depending on your circumstances.

Simon Thornton Mortgages

Bournemouth, Dorset

07706617798

Simon Thornton T/A Simon Thornton Mortgages is an Appointed Representative

of Connect IFA Limited 441505 which is Authorised and Regulated by the Financial Conduct Authority and is

entered on the Financial Services Register (Simon Thornton) under reference 1052764

The FCA do not regulate some forms of Business Buy to Let Mortgages and Commercial Mortgages to Limited

Companies.

Principle- Simon Thornton.

The information contained within this website is subject to the UK regulatory regime and is therefore targeted at

consumers based in the UK.

Your property may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee for mortgage advice, the

precise amount will depend upon your circumstances. Your

Consultant will confirm the amount before you choose to

proceed but we estimate it to be £295.

We are a credit broker and not a lender. We have access to an extensive range of lenders. Once we have

assessed your needs, we will recommend a lender(s) that provides suitable products to meet your personal circumstances and

requirements, though you are not obliged to take our advice or recommendation. Whichever lender we introduce you to, we will

typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a

fixed percentage of the amount you borrow from the lender. Commission paid to us may vary in amount depending on the lender

and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from

a lender does not have an effect on the amount that you pay to that lender under your credit agreement.

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First Time Buyer Mortgages Made Simple

Not Sure Where to Start?

How I Help First Time Buyers

💰 Understanding Your Budget

🤝 Support All the Way Through the Process

🔎 Finding the Right Mortgage

🔎 Finding the Right Mortgage

🤝 Support All the Way Through the Process

🔎 Finding the Right Mortgage

🤝 Support All the Way Through the Process

🤝 Support All the Way Through the Process

🤝 Support All the Way Through the Process

Mortgage Advice for First Time Buyers

Costs to Consider When Buying Your First Home

When buying your first home, there are a few costs to plan for in addition to your deposit

First Time Buyer Mortgage Questions (FAQ)

Ready to Start Your First Home Journey?

First Time Buyer Mortgages Made Simple

Not Sure Where to Start?

How I Help First Time Buyers

💰 Understanding Your Budget

🤝 Support All the Way Through the Process

🔎 Finding the Right Mortgage

🔎 Finding the Right Mortgage

🤝 Support All the Way Through the Process

🔎 Finding the Right Mortgage

🤝 Support All the Way Through the Process

🤝 Support All the Way Through the Process

🤝 Support All the Way Through the Process

Mortgage Advice for First Time Buyers

Costs to Consider When Buying Your First Home

When buying your first home, there are a few costs to plan for in addition to your deposit

First Time Buyer Mortgage Questions (FAQ)

Ready to Start Your First Home Journey?

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