First Time Buyer

Supporting you, throughout the entire journey.

Speak to our experts

OR

Complete your mortgage
online

·         No fee no obligation initial chat

·         Get an Agreement in Principle certificate same day

Purchasing your first home is incredibly exciting, but also taking the first step can be a scary one too.

We will take the stress out of buying your first home, allowing you to enjoy the best bits, at Breeze Mortgages, we aim to ease the complexity of the mortgage process for you, making it as straightforward as possible. Let us guide you through the process, one step at a time.

To learn more about the different schemes available to first-time buyers, please refer to our Shared Ownership/New Build pages.

Apply online now or get in touch for a friendly chat with an expert.

Your home or property may be repossessed if you do not keep up with repayments on your mortgage.

We don’t expect you to know everything, that’s what we are here for!

How much can I borrow?

How much will my mortgage cost?

How much equity do I have in my property?

First time buyer guide:

1. Getting started

To get started with your mortgage application, you can either call us at 01225 258900 or fill out our online enquiry form. Our friendly mortgage experts will ask you about your income and expenses to determine your maximum borrowing potential with various lenders.

Pro Tip:

Ensuring that your current address is accurate and up-to-date on important documents such as your payslip, bank statements, and driving license can minimise the need for additional document requests from the lender and help them properly identify you.

2. Let’s look at your deposit

Now we know how much you can borrow, let’s factor in your deposit. Your deposit can come from various sources, including your personal savings or a gifted amount. It’s worth noting that you can purchase a home with as little as a 5% deposit! However, keep in mind that the amount of your deposit can affect the interest rate of your mortgage.

mortgage application

3. Consider the cost

We will then assist you in determining how much you can afford to allocate each month for your mortgage payments, based on your income and expenses. We will also discuss the different types of fees you can expect to pay when buying your new home, such as arrangement fees, legal expenses, and valuation fees.

mortgage application

4. Agreement in principle

Once we have explored your potential options, we can look to get you an Agreement in Principle certificate with a lender.

With this certificate, you can start your house hunting journey with confidence, knowing your affordability and credit has been assessed. This certificate will also demonstrate to estate agents that you are a serious buyer and we have qualified you.

5. Finding your home

Now that you have your budget and mortgage certificate in hand, it’s time to start your search for your perfect first home.

Pro Tip:

Gathering all of your personal and financial paperwork together beforehand is really important and it will be key for any mortgage application to progress smoothly.

6. Mortgage recommendation

After your offer has been accepted on your dream property, it’s time to select the right mortgage. With numerous options available, we at Breeze will take the time to comprehend your individual situation and recommend a product that caters to your specific requirements. Unlike if you were to seek advice solely from your existing bank, we will explore deals across the entire market to secure the best possible offer for you.

Pro Tip:

You need to instruct a solicitor/conveyancer to assist you with your purchase. Not every solicitor is authorised to work for every mortgage lender so we will discuss this with you before submitting your application. If you need help with choosing a solicitor, we can recommend one for you to use.

mortgage applicaiton form

7. Submitting your full mortgage application

We can handle the submission of your application on your behalf, sparing you the burden of filling out lengthy application forms or appointments in branch. We can gather the required information from you over the phone, plus we will send any essential supporting documents to the underwriter to enable them to assess your case correctly.

Your new lender will evaluate both you and the property (via a valuation) before providing a formal mortgage offer. We will communicate with the lender during this phase to ensure that the process runs as seamlessly as possible for you.

8. A mortgage offer is made!

Once your mortgage offer has been issued, you should double check the information the lender sends you and make sure everything is as expected before you complete. If you are unsure of anything, please don’t hesitate to contact one of our friendly experts to help you.

Your appointed solicitor will now work with you to arrange to exchange contracts and discuss your completion date, the day you formally own the property and get the keys!