First Time Buyer Mortgage Advice
A First Time Buyer mortgage, also known as an FTB mortgage, is a type of residential mortgage used by singles and families wishing to purchase their first home. FTB mortgages can be similar to residential mortgage deals used by people moving up the property, but they may have an added benefit, such as cashback to help with conveyancing or similar.
Purchasing your first home can be one of the most daunting experiences you’ll ever face. This is understandable because you probably won’t have made such a significant purchase before. To avoid making common new buyer mistakes, it’s beneficial to receive First Time Buyer mortgage advice and brokerage services.
Who is suitable for an FTB mortgage?
An FTB mortgage is suitable for anybody wishing to purchase their first property and gain an added benefit or discount. Note, some FTB mortgage deals are only available when all purchasing parties are purchasing their first home anywhere in the world. If one buyer has already purchased a property or if either party owns property abroad, an FTB mortgage might not be available.
Who is suitable for an FTB mortgage?
The main benefit of searching for specific FTB mortgages over other residential mortgages is that you could get a better deal or added benefit. However, the best financial advisers will always consider the whole of the market to get their clients the best deal, which may mean looking outside of FTB mortgage products.
Key considerations for FTB mortgages
Some key considerations when taking out an FTB mortgage are:
- How much could you borrow and how can you increase borrowing power? Will your employment status and deposit amount make a difference?
- How should you deal with existing debts before applying for mortgage pre-approval?
- How can you improve your credit score as an FTB?
- What type of mortgage should you choose? Is it better to get a fixed-rate or variable-rate mortgage right now?
Why use a financial adviser for your FTB mortgage?
Receiving professional mortgage advice and brokerage services can be highly beneficial to any property buyer. The benefits among first time buyers are usually heightened, especially when the buyer’s knowledge of the process and mortgage products may be limited. The best financial advisers will provide clarity and understanding from consult to completion, ensuring your first property purchase is an easier and more enjoyable experience.
Why use a financial adviser for your FTB mortgage?
Last but not least, FTB mortgage advisers should be aware of the leading mortgage products for first time buyers, while also recommending mortgages based on your specific circumstances and needs. It’s possible to secure a better mortgage deal when using an adviser compared to seeking a mortgage independently.
Start your property journey today!
Buying a property doesn’t have to be a daunting and stressful experience. It can be an exciting and smooth process with the help of professional and patient financial advisers.
Arrange your First Time Buyer mortgage consultation with one of our friendly mortgage advisers today!
Call us today for a no obligation chat about planning your financial future.
Call: 0203 859 3320
Email: contact@taylorjamesfs.co.uk
Please note:
- Your home may be repossessed if you do not keep up repayments on your mortgage.
FAQs
Mortgage advice is provided by qualified financial advisers to help the client find and secure the most suitable loan to buy residential or investment property. The mortgage adviser will take into account the client’s individual circumstances to discuss mortgage options. The adviser will then search the mortgage market to identify real-time suitable options and make an application. Thus, mortgage advice usually includes mortgage brokering services to provide a holistic and convenient service from start to finish.
There are several benefits of using a mortgage adviser. A mortgage adviser can provide clarity to clients which should make the process of getting a mortgage more efficient and less stressful in some cases. They can also help people with unique situations find options when the client may have believed it impossible. Moreover, the mortgage adviser could ensure the client secures the most beneficial type of mortgage for their situation and preferences, perhaps avoiding costly mistakes. Some mortgage advisers can secure better rates and deals due to their connections.
Mortgage advisers can help people seeking a mortgage with bad credit in different ways. Our advisers can provide advice to clients on how to improve their credit rating and therefore improve their chances of getting accepted for a better mortgage deal. We can also search for lenders that are more willing to provide credit to applicants with a below-average credit history. Every situation is different and there are never any guarantees but we have helped people with bad credit to get a mortgage. Speak to our team to learn more.
Taylor James welcomes all clients to use our mortgage advice services, including those that may have unique situations. Whether you have multiple income streams or other complex issues regarding pay and employment, it’s unlikely that we won’t have seen your situation before. Our advisers can assist in finding the right lender swiftly, including support regarding providing evidence and other possible application process hurdles. Don’t put off seeking a mortgage due to a non-standard situation and speak to our team today.
FAQs
Mortgage advice is provided by qualified financial advisers to help the client find and secure the most suitable loan to buy residential or investment property. The mortgage adviser will take into account the client’s individual circumstances to discuss mortgage options. The adviser will then search the mortgage market to identify real-time suitable options and make an application. Thus, mortgage advice usually includes mortgage brokering services to provide a holistic and convenient service from start to finish.
There are several benefits of using a mortgage adviser. A mortgage adviser can provide clarity to clients which should make the process of getting a mortgage more efficient and less stressful in some cases. They can also help people with unique situations find options when the client may have believed it impossible. Moreover, the mortgage adviser could ensure the client secures the most beneficial type of mortgage for their situation and preferences, perhaps avoiding costly mistakes. Some mortgage advisers can secure better rates and deals due to their connections.
Mortgage advisers can help people seeking a mortgage with bad credit in different ways. Our advisers can provide advice to clients on how to improve their credit rating and therefore improve their chances of getting accepted for a better mortgage deal. We can also search for lenders that are more willing to provide credit to applicants with a below-average credit history. Every situation is different and there are never any guarantees but we have helped people with bad credit to get a mortgage. Speak to our team to learn more.
Taylor James welcomes all clients to use our mortgage advice services, including those that may have unique situations. Whether you have multiple income streams or other complex issues regarding pay and employment, it’s unlikely that we won’t have seen your situation before. Our advisers can assist in finding the right lender swiftly, including support regarding providing evidence and other possible application process hurdles. Don’t put off seeking a mortgage due to a non-standard situation and speak to our team today.