First time buyer's guide
We know that getting that first foot onto the property ladder isn’t always straightforward. We are here for you at every step of the way.
We have put together a short home buying guide for First Time buyers covering a few key points that you need to take into account.
If you would like some advice or to have a chat with one of our specialists then call or pop into your local branch.
Most people cannot afford to buy their home outright from savings and will need a mortgage to fund the purchase. A mortgage is a loan secured on a property. You will be required to put down a deposit and you will need to apply for a mortgage to cover the rest of the purchase price.
You then need to repay the mortgage to the lender. Usually this is done in monthly instalments over the term of the mortgage.
Banks and building societies offer a range of mortgages with different loan amounts and interest rates. A mortgage specialist like Embrace Financial Services can search the market to find the most suitable deal for you.
There are a number of affordable options available when you’re looking for your first mortgage:
Some lenders will offer specific mortgages tailored to first time buyers. Often, they will only require a small deposit.
Help to Buy
Help to Buy is a government scheme aimed at helping purchasers with limited deposits. You secure as little as a 5% deposit on a property. Find out more about help to buy