First Time Buyer

You may find buying your first home a little bit daunting.  With the challenge of finding your first property, choosing the right mortgage, selecting the best solicitor and making sure the whole process runs smoothly, you may find the information below useful to help you achieve the first rung of the property ladder.

The first step is to contact us and we will advise you on the mortgage options available to you.  It doesn't matter if you haven't found a property just yet, we can provide you with some facts and figures that will help you select the property within your price range.

In the meantime we've outlined below some background information on mortgages for first time buyers that we hope you'll find useful.

How much can you borrow?

The amount that a lender will lend to you, very much depends on your individual circumstances and different lenders' affordability criteria. Lenders look at what you can afford, based on the number of people applying for the mortgage and assessing affordability, by taking into consideration your income and outgoings and any other liabilities that you may have.  Some lenders offer very good deals for first time buyers, so it is always worth asking us to research the market on your behalf.

 What other costs do you need to be aware of?

It is also worth remembering the additional costs, on top of your deposit and mortgage that you will be expected to pay.

For example, you will have to pay stamp duty for the property which you are purchasing.  The amount of stamp duty varies depending on the price of the property. 

Plus you will have to pay for the survey and the valuation of the property, and solicitor's fees.

You may also have fees to pay to the lender for your mortgage.  These could be an arrangement fee and/or booking fee.  Contact us to find out how much these fees may be.

Use these quick links to get an idea about how much you could borrow and apply today.
Your home may be repossessed if you do not keep up repayments on your mortgage!

Moneywatch Finance is an Appointed Representative of HL Partnership Limited, which is authorised and regulated by the Financial Conduct Authority.

You can find us on their website www.fca.org.uk. Our registration number is 735552. Our registered address is Head Office, 86 Hay Lane, Shirley, B90 4EQ

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK

Please be aware that our website contains many links to other websites. When clicking to enter these sites, you will be leaving Money Watch Finance website and as a result of this are unable to accept any responsibility for the content or information provided on these sites.

GENERAL LINE
0121 7453347
Matthew Jones
07738 261 919
Peter Hunt
07880 900 841
Moneywatch Finance
Head Office
86 Hay Lane
Shirley
Solihull
West Midlands
B90 4EQ
Click here to get details of our Halesowen office