Find the key to unlock your First Time Buyer Mortgage

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Find the key to unlock your First Time Buyer Mortgage

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First Time Buyer Mortgages

As a first-time buyer, you will no doubt be excited about the prospect of buying your first home. We’re excited for you too and promise to help you find the best first time buyer mortgage to suit your personal circumstances.

"Up-to-date, relevant and reliable information gave me the confidence to proceed "
"Honestly, one of the best customer experiences I've had"
"Fantastic and friendly staff"
"Up-to-date, relevant and reliable information gave me the confidence to proceed "
"Honestly, one of the best customer experiences I've had"
"Fantastic and friendly staff"

Why choose MortgageKey for First Time Buyer Mortgages?

Personal & Friendly

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.

Comprehensive Range

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.

Common Questions about First Time Buyer Mortgages:

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.

  • What are First Time Buyer Mortgages?

    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.

  • When is the right time to buy your first home?

    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.

  • Why choose a First Time Buyer Mortgage?

    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.

  • How do First Time Buyer Mortgages work?

    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.

  • Which First Time Buyer Mortgage deal should you choose?

    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.

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Four steps before choosing a First Time Buyer Mortgage

Is a First Time Buyer Mortgage right for you?

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.

Making the right decision for the best First Time Buyer Mortgage deal

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.

Things to consider before choosing a First Time Buyer Mortgage

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.

Why MortgageKey for First Time Buyer Mortgage deals?

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.

Your free, no obligation quote is just minutes away...

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  • Get a quick idea

    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.

  • Speak to the experts

    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.

  • Let us do the hard work

    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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