First Time Buyer Mortgages

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Buying your first home is incredibly exciting and one of the biggest financial decisions you will have to make. Here at Breeze Mortgages, we always provide clear, accurate advice and help to support you through the entire process, from start to finish. Our mission is to take the stress out of buying your first home, allowing you to enjoy the best bits. Let us guide you through the process, one step at a time.

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

Start your online mortgage journey with us today by filling in your details and we can then discuss the best options for you. When it comes to mortgage advice for first time buyers, our experienced advisers at Breeze can help find the perfect mortgage for your individual situation. 

Please see our page on home schemes that may be available to you to read more about the Help to Buy Equity Loan schemes and shared ownership for first time buyers on new build properties.

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

First Time Buyer - Best Buy's

How much can I borrow?

How much will my mortgage cost?

Loan to value calculator

First Time Buyer Mortgage Guide

1. Getting started

The first step is speaking to one of our friendly mortgage experts either by calling 01225 258900 or completing our online enquiry form. We will ask about your income and outgoings to then help detail your maximum borrowing potential with different lenders.

Breeze Top Tip:

Make sure your current address is up to date and correct on your payslip, bank statements and driving license. This will help the lender correctly identify you and reduce additional document requests.

2. Let’s look at your deposit

Now we have a good idea about how much you can borrow, let’s add in your deposit. This can come from a number of sources, but typically will be your own savings or a gift. Remember you can buy a home with as little as a 5% deposit! The amount of deposit you have will impact the mortgage interest rate. A good rule to follow is: the bigger the deposit the better the rate.
mortgage application

3. Consider the cost

Based on your income and outgoings, we can help you calculate what you can spare each month towards your mortgage repayments. We will also discuss the different types of fees you can expect to pay when buying your dream home such as arrangement fees, valuation fees and legal costs.

mortgage application

4. Agreement in principle

After we’ve discussed what you can borrow and potential options, we can then provide you with a Breeze Mortgages Decision in principle certificate. At this stage you can go house-shopping, knowing what you can spend on your home. You will know what you can afford, plus you have the backing of a certificate which has qualified you and will reassure estate agents that you are a serious buyer. Remember this is not a lenders credit score at this stage, but an initial consultation.

5. Finding your home

The search is now on! With your budget set and mortgage certificate, you are now ready to find your ideal first home.

Breeze Top Tip:

Making sure you can get all 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

Your offer has been accepted on your ideal property, now it’s time to choose your mortgage product. There are a variety of mortgage options to choose from, but here at Breeze we will work with you to understand your unique circumstances, so we can advise you on the best product that will suit you and your family’s needs.

If you approach your current bank for advice on good mortgage deals, they’re likely to only suggest their own rates. At Breeze, we will compare offers from across the market – helping find the best possible deal for you.

Breeze Top 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 will then submit your application to the lender. We will send any necessary supporting documentation to allow the underwriter to assess your case. Your new lender will be assessing both you and the property (by way of a valuation) before issuing a formal mortgage offer. We will liaise with the lender during this time to make the process as smooth as we can 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 move towards completion. If you’re unsure of anything, please 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!

Let's get you started on your mortgage journey today.

See the deals you qualify for & how much you could borrow by either calling us or completing our online enquiry form.
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