Buying a house is often a complex and confusing process, whether you have been through the process before or not. And if you’re buying a property for the first time, it can feel even more daunting. Securing the right first time buyer mortgage and getting your finances in order is crucial. But it's not always the easiest thing to do.
At TFA, we understand how stressful it can be. Our independent advisers will take you through the entire process step by step. They explain your options in jargon-free language and help you chart the best way forward.
They can help you set your budget for your first home and identify the level of deposit you will need. If you’ve already set your budget and found your prospective home they will help you identify what level of deposit you will need and whether you have saved enough.
Our advisers will take you through a straightforward process to understand how much you can comfortably borrow. Plus, they will explain how your credit score will affect this.
They will demystify how mortgages work and show which ones are available to you as a first time buyer. Plus, they will ensure that you get the most appropriate mortgage for your requirements and circumstances. By using our advisers you will have access to mortgages that are not available to first time buyers via the high street or internet.
Our advisers will also explain how best to protect you and your property against unforeseen circumstances that might otherwise result in you being unable to maintain your mortgage repayments. Being independent, our advisers will research and source the most appropriate protection products for you.
As with all our advice we will notify you of our charges up front, and should these charges change, we will notify you in writing. Our mortgage advisers will manage your application from start to finish saving you time and simplifying the process. Please contact us to discuss your mortgage requirements and let us help you buy your first home.
Why not watch these videos from the Money Advice Service which will explain the basics. Our advisers will discuss your mortgage requirements in detail.
Choosing the right mortgage
Timeline to buying a new home
Buildings Insurance Explained
Here are some useful mortgage calculators to help you get an idea on the amount you may be able to borrow, how much you'll pay and how much stamp duty you'll need to pay.