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We’re not a comparison engine. We have real people doing the hard work for you, taking away the stresses and worries surrounding first time buyer mortgages.
Award Winning First Time Buyer Mortgages
We’ve been recognised for our fantastic first time buyer mortgage products and deals and we strive to be even better.
Our great relationships with our lenders means we have access to a multitude of first time buyer mortgage deals, including exclusives.
Free, No Obligation Quotes
No hidden charges here. You’ve nothing to lose by letting us find a first time buyer mortgage deal that suits you.
First time buyer mortgages have already helped thousands of people to get on the property ladder. The government funded scheme allows as little as a 5% deposit which has seen a sudden surge in first time property owners in the UK.
First time buyer mortgages are an ongoing solution which is helping more and more people achieve the dream of owning their own home. Designed under the affordable housing scheme, you can now acquire a mortgage with as little as a 5% deposit. There are various options available to remedy the repayments and ownership issues.
Before you’ve even begun searching for your ideal property, and well before you find one and fall in love with it, you need to assess your own financial situation. Alongside a decent deposit, you need to do a credit search on yourself. Next, you will need to weigh-up your outgoings against your income and provide necessary documentation to prove it. Following that, you will most likely need a mortgage advisor to better understand the process and determine what sort of mortgage you can afford, based on your current circumstances.
First time buyer mortgages are fairly flexible in terms of the size of your deposit and rates you can acquire. Obviously, the larger your deposit is, the greater range of cheaper mortgages you will have access to. The main highlight is that it’s easier for first time buyers, not only get on the property ladder, but get the property they love.
Similarly, to any mortgage product, you will need to have enough of a deposit to put against the value of your chosen home, as well as undergoing financial checks to prove you are eligible and can afford the repayments. From here you will decide upon the amount of your first time buyer mortgage and the rates at which you will begin to pay it back. For instance, a lot of first time buyers are allowed a 5% deposit on an 80% mortgage value, the government subsides the rest until you’re in a position to negotiate further.
The only variations you will notice will depend upon the size of your budget (deposit), the lenders rates and repayment variables. Otherwise, first time buyer mortgages are standard across the board. The only other alternative is to consider a guarantor mortgage. This is where a parent, guardian or close relative can agree to be responsible for paying the mortgage, if you can’t.
The first time buyer route is favourable if you’re fed-up of renting or living with friends or relatives. Buying your first home is a landmark event. It can be stressful and it will no doubt have a massive impact upon your finances but, hopefully, by absorbing some of our advice from above, you are better placed to make a more sensible decision about becoming a homeowner for the very first time.
The process of securing first time buyer mortgage, and choosing the right mortgage deal, requires a lot of research, we appreciate that. That’s why, here at MortgageKey, our industry experts take the time to compare and search through thousands of first time buyer deals from leading providers to present you with the options they believe are right for you and your property.
There are a range of factors you need to consider when thinking about first time buyer mortgages. Building insurance, removal costs, stamp duty and solicitor’s fees are just a few. You should also set a budget aside for any decorating or furnishing you are planning, as well as other essentials you may need.
Firstly, there is no obligation, or fees, for our friendly advice or quotes. Secondly, you can benefit from our years of experience and lasting relationships with a comprehensive range of lenders. Finally, our expertise and knowledge with help you to familiarise with even the most complex mortgage procedures.
Relieving you of the stress and complexities of first time buyer mortgages is high on our agenda. We have the people in place to do the hard work for you. The constant changes in our industry mean we always have our finger on the pulse, keeping you are as up-to-date as possible so that you can make the right decision.
By keeping a close eye on the market, and through regular activity with our lenders, we are perfectly poised to identify which providers are best suited to your individual circumstances.
Our mortgage advisors are available Mon-Fri from 9am to 8pm, giving you plenty of opportunity to seek a quick overview of what your mortgage deal could potentially look like.
A dedicated team of mortgage experts will answer your questions, queries and provide quality advice for your personal circumstances and the specific mortgage product suited to you.
We’ll take care of your application to your chosen lender from start to finish, in record time - taking away the stress and making the process pain free!
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