First Time Buyers

If you're a first-time buyer looking to purchase your first home, you've come to the right place.

Whether you're employed or self-employed with a limited track record, we can provide you with the right advice. Making sure you are fully aware of the costs now and in the future, and comparing a normal purchase against a new build purchase, is important when purchasing a home.

We have specialised in the new build sector for the last 12 years, and are familiar with the products and options available. This can be a great help for first-time buyers to get on the property ladder.

Mortgages are one of the biggest investments we make in life, and here's how you can budget to afford it. When you apply for a mortgage, you will be required to carry out an affordability assessment, which involves a variety of checks. We have provided some guidance to help you.

Self Employed

If you are self-employed, some lenders we work with can accept a minimum of 1-year accounts. Future contracts can also be accepted subject to an overall profile. Please contact us to discuss further.

Reduce Your debts

Lenders will look at your total disposable income to determine how much you can borrow. Try to reduce the amounts you owe on credit cards and loans.

Check your credit report

A poor credit history could affect the amount the lenders are prepared to offer. Before applying for a mortgage, check your credit report for errors and make sure you are within any existing credit limits.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Approved by The Openwork Partnership on 02.09.2024

Considerations for first-time buyers