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First-time buyer

When you’re a first-time buyer, mortgages can seem overwhelming. But don’t worry, our Melton Mortgage Solutions advisers can help you understand how much you can borrow, the deposit you need and the right type of mortgage for you.

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or call our mortgages experts on 01664 494100
First Time Buyer Mortgages from Melton Mortgage Solutions

Our advisers can cut through the jargon, find out your mortgage needs, and search across 1000s of mortgages from over 90 lenders to help you find a mortgage that suits your needs and circumstances.

This isn’t based solely on price, because cheapest doesn’t always mean best. Instead, we look at every detail, including individual features, costs, and the all-important small print.

They’ll explain the different deals on offer (in plain English) and help you make a choice that’s right for you.

If you’re thinking about buying your first house, seek advice from Melton Mortgage Solutions mortgage advisers. Call 01664 494100 or click get started.

First-time buyers Q & As

How much deposit do I need?

You only need a 5% deposit for some first-time buyer mortgages.

Do I have enough money to buy a house?

We’ll help you work out what you can afford, but it’s important to remember that other costs come with buying your first home – things like solicitors’ fees, stamp duty, and maintenance bills. It all starts with getting a mortgage that suits your needs, and this is where getting advice is so valuable.

Can I apply for a first-time buyer mortgage?

If you’ve never owned a property before, you qualify as a first-time buyer, though there are some extra rules you need to follow:

  • You must be a UK resident.
  • Your property must be in the UK.
  • You must be at least 18 years of age.

What’s the best mortgage for a first-time buyer?

There’s no one-size-fits-all solution, as it depends on your financial situation. The good news is that you have options, including various variable and fixed-rate mortgages, shared-ownership schemes, self-build projects, and options if you have only a small deposit.

Useful tips for first-time buyers

Show lenders you’re in a great position for a mortgage by proving what you can afford. Having a good savings record will help.

The amount you can borrow depends on your personal circumstances. One important factor is your income. Outgoings are equally important in assessing how much you can afford to borrow, so keep your spending in check when you’re preparing to buy your first home.

The Shared Ownership Scheme is a popular option for many first-time buyers. Check out the benefits here.

Interested in learning more? Melton Mortgage Solutions mortgage advisers can help. Call 01664 494100 or click get started.

Get Started

Search for your next mortgage with Melton Mortgage Solutions

To book an appointment please call 01664 494100 or click get started.

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

There may be a fee for mortgage advice. The actual amount will depend upon your circumstances.
The fee is up to 1% but a typical fee is 0.3% of the amount borrowed