First Time Buyer
LOOKING FOR YOUR FIRST HOME IS VERY EXCITING!
It can also be a minefield of processes, paperwork and jargon, which can very quickly become overwhelming. Who does what? What’s the right mortgage? What on earth is a loan to value? How much can you borrow? What is an Agreement in Principle? What do solicitors do?
There is so much information to take in!
WE’RE HERE TO GUIDE YOU THROUGH THE PROCESS, GIVING YOU ALL THE INFORMATION, ADVICE AND HELP YOU NEED FROM START TO FINISH
We’ll start the process by completing a detailed review of your circumstances, including income, expenditure & credit history, to understand your situation thoroughly. We’ll advise on all the different mortgage products and schemes available to First Time Buyers and explain all the mortgage options that are available to you, including how much you can borrow and the costs involved in buying a home.
We will then be able to move forward and obtain an Agreement in Principle (AIP) from a lender for you. This is also known as a Decision in Principle (DIP). An Agreement in Principle is a certificate or statement from a lender to say that ‘in principle’, based on the information provided, they would be willing to offer you the required mortgage. Many estate agents won’t allow you to view or make an offer on a property without this agreement, so it is handy to have it before you start house hunting. We will be more than happy to confirm that you have an AIP to any agent requiring it.
Once you have found a property and have had your offer accepted (this is usually negotiated via an estate agent) we can then proceed to the full mortgage application, dealing with all the paperwork for you and sending all the required supporting documents to the lender for their assessment. We will take care of all the administration and keep you, and the estate agent if required, fully updated from start to finish. Our aim is to make the whole process as stress-free as possible for you, whilst ensuring you are confident in the mortgage solution recommended and fully informed at each stage of the process.
GETTING THE RIGHT ADVICE
As a First Time Buyer it is very important to get professional advice from a whole of market mortgage adviser.
We have access to exclusive deals that are not available on the high street, and intermediary only lenders, who you can’t go directly to. These deals won’t show up on comparison sites, so you could be missing out.
Most importantly we save you time and give you the confidence that you have the best deal to suit your circumstances.