First time buyers mortgage case study

This case study is for illustrative purposes only and does not constitute advice.

Last year a young couple named Sam and Hannah came to see me for some advice around getting a mortgage to purchase their first home.

The way we buy property can be confusing, and if you’ve never been through the process before it’s pretty daunting.

Whilst this wasn’t an overly complex case, there were a few challenges. Hannah was employed PAYE and was able to provide the usual three payslips that we would need to start looking at an application. So far, so good.

A few complications came with Sam. Sam is self-employed and had a little bit of debt (I checked that he was ok for me to say this before I posted), and it wasn’t looking as straight forward as I thought it would be.

But at this point, there are three important factors to consider.

1 – Sam and Hannah were fed up with spending their hard earned money on rent.

2 – They had found a property they had fallen in love with.

3 – I love a challenge.

It turned into a bit of a back and forth slog over a few weeks… and we needed to provide an absolute wedge of paperwork, but we got it over the line. At the start of May, Sam and Hannah will have been in their own home for a year, and that is an amazing reward for me 

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Important: Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.

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Step 1

Life continually moves on and with that comes increased responsibility. Whether you are buying a home or starting a family, it is an exciting time but you must plan ahead now to ensure that if something goes wrong, you and your loved ones are fully protected.    

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Speak to our friendly team to discuss your needs. Simply book an appointment and we will advise you on the right level of cover. With whole of market access we will ensure you find the right products for your individual needs.

Step 3

Our expert team have a wealth of experience helping individuals and couples plan for their futures. Whether you are considering mortgages, life insurance or income protection we will find the right option for your circumstances protecting you for the future.

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Important: Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.

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Chambers Financial Services Limited is an Appointed Representative of Quilter Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No:08201095, Registered Address:Arlington House West Station Business Park, Spital Road, Maldon, England, CM9 6FF We normally charge a fee for mortgage advice, however this will be dependent on your circumstances. Our Typical fee is £499. Click here for more information. Internet Privacy Policy

Important:
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it. A fee of up to 1% of the mortgage amount may be charged depending on individual circumstances. A typical fee is £495.

The Financial Conduct Authority do not regulate buy to let mortgages.

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