First Time Buyer
The Keys to Your First Home - Start with Kingsbrook
First Time Buyer
Buying your first home is an exciting time in your life - We’ve never forgotten what it feels like to walk through the door of your own home for the very first time.
We appreciate that getting onto the property ladder can be a daunting prospect and we take pride in helping first-time buyers to get on the property ladder. Our aim is that if you are looking to get a mortgage and to buy your first home, you will want to have a mortgage adviser who not only understands your situation and budget but who will support you through the whole house buying process.
A mortgage adviser can offer expert guidance on the different types of mortgages available to you, help assess your financial situation, and recommend the best options based on your budget and long-term goals.
As this is your first ever property purchase, it is important to us that you understand key terms, such as interest rates, deposit requirements, and repayment plans, ensuring you’re fully informed.
A mortgage adviser has access to a range of lenders, which may include exclusive deals or offers that aren't available directly to the public. By working with a mortgage adviser, first-time buyers can save time, avoid costly mistakes, and feel more confident throughout the process, from application to approval.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
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Kingsbrook Finance
First Time Buyer Tips
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Buying your first property is an exciting prospect, yet it can be overwhelming knowing where to start.
We appreciate that getting onto the property ladder can be a daunting prospect and we take pride in helping first-time buyers to get on the property ladder.
Purchasing a property is one of the biggest steps you can make in your life and for most of us buying a property will be the most expensive purchase of our lives. As this is your first-ever property purchase it is important to us that you understand every aspect of the property buying process before you make your decision to proceed.
There is a lot to consider when buying a property including; the mortgage terminology, how much you can borrow, what it will cost to repay, the setup fees including stamp duty, survey fees, the types of survey and getting the right mortgage protection insurance. A mortgage adviser will clearly explain these considerations and many others right from the outset, giving you confidence and clarity from day one.
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Often the best lenders for first-time buyers are one of the high street banks or building societies.
There are several first time buyer only schemes available that help with enhanced affordability. There are also innovative mortgages like Delayed Start which allow you to postpone your first payment for 3 months, allowing first time buyers to manage overlapping tenancies and unexpected moving costs.
It is important to look at the rate, fees and the lender’s criteria when choosing the best mortgage lender.
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Your mortgage broker should be able to offer guidance throughout.
They should be able to answer your questions about how much you can borrow and how much it will cost you each month.
They should also be able to explain the difference between a tracker mortgage and a fixed term mortgage.
How much support will they offer throughout the process?
What sort of fees they charge and when are they payable?
Will they revisit the rate if it decreases?
How will they help if the property falls through and you need to move the mortgage to a new lender?
What happens when it comes time to remortgage?
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Absolutely - we believe so!
Working with a mortgage adviser is often much easier:
No more long calls to the bank – Skip the wait times and sales scripts. A mortgage adviser will handle the process for you.
Access to more options – A mortgage adviser works with a wide range of lenders, giving you access to hundreds of mortgage products, not just what one bank offers.
They’ll do the heavy lifting – while you focus on your daily life, your mortgage adviser will manage your application from start to finish.
Save you time and money – by finding the right deal for your circumstances.
On your side – if a lender drops their rate during the process, they’ll go back and renegotiate on your behalf.
BOOK YOUR FREE FIRST-TIME BUYER CONSULTATION
Kingsbrook Finance
Let’s take the stress out of your first step onto the property ladder.
Kingsbrook Finance Ltd are not authorised to provide advice on Mortgages, this will be referred to our trusted third party.