We help First-Time Buyers achieve the dream of buying their first home

First Time Buyer Mortgage Advice

Being a first-time buyer can be both an exciting yet daunting time. Having finally made the decision to take those first steps onto the property ladder, where do you start? There are so many options when buying your first home and you want to make sure you make the right decisions.

With so much information to take in when buying your first home, particularly in this current climate, lenders are far stricter with their lending criteria for first time buyers, you can rely on Asset Harbour to provide a professional service and honest & transparent advice.

As a First Time Buyer what do I need to know?

The first thing you need to know before going out and choosing your dream home, is ‘how much can you borrow?’ This allows you to then know what properties you can and can’t afford. Generally, you can borrow around four to five times your annual salary on a mortgage, but you will be required to pay a deposit.

The deposit you need can vary but generally you’ll be looking at around 10%. There are 5% deposits available but you will need a very good credit rating to get one, bearing in mind that the higher the deposit, the less you have to borrow and the lower your monthly payments.

Once you receive an Agreement in Principle which is a statement from a mortgage lender stating how much they would be prepared to loan you, you can start to look for your new home, although once you have found a suitable property you will still need to complete a full mortgage application.

We’re here to help you find the most suitable mortgage for you

Asset Harbour have been helping first time buyers find the most suitable mortgage deals in Camberley and the Surrey area for over 30 years.

You are not alone, we find you the best mortgage deal for your situation, we go through and explain the different mortgage options available to you as a first-time buyer and help you through every step of your home buying journey.

We will help you with how much you can afford and how much you can borrow and advise on the different deals available via lenders, and guide you through the process so when you see that dream home, you already have a mortgage on principle ready to go.