Buying your first home should be exciting, not daunting, and it's our goal to make sure it stays this way! We know there is a lot to think about, with numerous people involved and lots of financial jargon. That’s why we take the time to clearly explain everything in clear terms.
We know choice is important, so we have access to over 50 of some of the UK’s best known lenders, thousands of products, and some exclusive deals that you won’t find anywhere else. Most importantly, we’ll support you throughout the process. That way, you can be sure someone is there to guide you every step of the way.
How Do I Get My First Home?
Find out how much you can borrow
Use our handy mortgage calculator to get a quick estimate, or talk to one of our advisers who can provide a more accurate figure once they have assessed your income and outgoings. You can also read our First Time Buyer Guide for further information.
Sort Out A Deposit
You’ll need to start saving, already have a deposit sorted or talk to us about shared ownership schemes. There are different types of mortgages available, each with different deposit requirements, our Mortgage Advisers can guide you through the options.
Gather Your Paperwork
We will help you gather all the paperwork needed and guide you through the forms to secure a 'Decision in Principal'. A decision in principal is simply a promise from the lender to give you a mortgage, providing that the information supplied is accurate.
Find a home
This is the fun bit!! If you do not have a property already in mind, it's time to go find one! Once you find your perfect new home, put in an offer. Having a decision in principal from a mortgage lender will put you in a great position as the seller knows you can afford the property.
Get back in touch
Let us know your offer has been accepted and we can go ahead and apply for your mortgage. As before, we will guide you through all stages of the process and liaise with all parties involved to ensure a quick, stress-free result.
Find a Solicitor
Our Mortgage Advisers often know solicitors they trust to do a great job for you, or you can find one yourself. Your Solicitor will go through the legal part of the process including drawing up contracts and organising the legal purchase of the property.
Protect your Home
Before you draw down your mortgage, this is the time to consider what Protection and Insurance cover you have in place. At a minimum you'll want home insurance in place, but income protection and illness cover will give you the peace of mind that you and your home are covered.
The contract & sale
The two key dates to plan around are the "Exchange" and "Completion" dates. Once you have exchanged contracts, your deposit is transferred and you are legally bound to purchase the property. When you complete the purchase, the money is transferred and you get the keys to your new home!
Move in to your new home
Now there is only one thing left to organise - your house warming party! And don’t be lifting too many heavy boxes, we want your first few days in your new home to be happy ones.
How Mortgage Solutions Can Help First Time Buyers
Mortgage Solutions can make your first mortgage easier than you ever imagined. We know our customers are busy, so offer you the choice of meeting face-to-face, over the phone or through Skype.
We will help you with the paperwork, explain the process and timescales and liaise with the other parties involved. Most importantly, we will regularly keep you updated on the progress being made.
You can use our Mortgage Calculator to figure out how much you can borrow and also view our First Time Buyer Guide. But the best thing to do is give your local branch a call and arrange a time to come in and talk to one of our experienced and qualified Mortgage Advisers.