Navigating first time buyer mortgages can be challenging. We provide advice and are here to help you secure the best mortgage rates for first-time buyers and make your initial home-buying experience as stress-free as possible.
As a first-time buyer, you likely have many questions about first-time mortgage rates. By partnering with a trusted and professional mortgage company, you’ll have access to a team of experts ready to assist you with these questions and provide comprehensive answers and guidance.
At HelptoBuy, we believe that independent mortgage advice is essential to finding the most suitable mortgage for you. Additionally, we offer support and answers to common first-time buyer questions, such as:
- How can I get a mortgage?
- How much can I borrow?
- How much deposit do I need?
- How long does it take to get a mortgage?
- How do I know the best deal for me and my situation?
- How do I get a mortgage agreement in principle?
- What do APR and Loan-to-Value mean?
- What does a conveyancer/solicitor do?
- Do I need life assurance and protection advice?
- What type of survey should I have?
Our team of professionals will help you find the answers to these questions. We are dedicated to guiding you in finding the right first mortgage products for your needs.
First Time Buyer Mortgage Buyer Advice
If you are seeking impartial advice as a first-time buyer, you’ve come to the right place. We are committed to conducting personalised and comprehensive research to recommend the products and mortgages that best suit your needs and circumstances.
Obtaining professional advice could potentially save you thousands of pounds over the term of your mortgage. Start today with our three simple steps, and let our team provide you with everything you need to purchase your first home without the stress or excessive fees.
Who Qualifies as a First Time Buyer?
You are considered a first-time buyer if:
- You have never owned a residential property, either in the UK or abroad, or
- You own (or have previously owned) a commercial property with no living space attached to it
You are not considered a first-time buyer if:
- You are purchasing a property with someone who owns, or has previously owned, a home
- You have inherited a home, even if it was sold and you did not live in it
- Someone involved in the purchase already owns their own home, such as a parent or guardian
What Type of Mortgage is Best for First-Time Buyers?
Choosing the best mortgage for a first-time buyer depends on your individual circumstances and preferences.
Fixed-Rate Mortgages:
- Offer the certainty of knowing your monthly repayments for a set period.
- Protect you from interest rate fluctuations.
Tracker Mortgages and Discounted Variable Rate Mortgages:
- Can offer potential savings if interest rates drop.
- Become more expensive if interest rates rise.
Before making a decision, it’s crucial to consider your financial situation, long-term plans, and seek professional advice. Evaluate factors such as affordability, repayment options, and potential interest rate changes to determine the most suitable mortgage type for your needs.