First Time Buyer

You’ve decided to buy your first home. Congratulations!

This is such an exciting time. Yet it’s also easy to feel daunted by the dizzying array of decisions and paperwork that lie ahead.

We understand that feeling well. That’s why we’re on hand to answer your questions and guide you expertly through the process of securing your first mortgage. Our advice is whole-of-market, which means we have access to hundreds of different products, at competitive rates that could help you save on your monthly payments. We’ll explore all the available options with you, explaining any jargon and helping you through the application process, so you can move into your new home feeling calm and confident.

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How much can I borrow?

This is the question we’re asked most often by first-time buyers.  We’ll help you answer it, and many more questions besides.

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Low income or deposit?

Don’t give up on that dream home just yet.  We’ve helped many first-time buyers on low incomes, or who felt they hadn’t saved enough for a good deposit.

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Complex advice

We’re not scared of a challenge, so we don’t mind if you’ve got any to share with us.  We’ve got plenty of experience advising on complex mortgage cases, often with success.

Let us contact you

Simply complete the details above, and a member of our friendly team will call or email to arrange an appointment.

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.

What is the next step

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.    

Step 2

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.

Ready to talk to a professional

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.

Your first mortgage doesn’t have to be stressful, we’ll be with you every step of the way.

Frequently asked questions

How much can I borrow as a first time buyer?

Everyone’s financial circumstances are slightly different, how much you’re able to borrow will depend on a combination of your current earnings, how much you have as a deposit, how much debt you have along with your overall creditworthiness. On meeting our mortgage specialists we will be able to give you a much more accurate indication based on your circumstances.

How much deposit will I need to purchase a property?

As a minimum you will need a deposit of 5%, however, if you are able to put down 10% or higher that will reduce your interest rate as well as giving you a wider choice of products and lenders.

How much stamp duty will I have to pay?

Stamp duty relief of first-time buyers means that you pay no stamp duty on properties valued under £300,000. If you are purchasing a property valued between £300,000 and £500,000 you would only pay stamp duty of 5% on the amount of the purchase price above £300,000.

What period of time can I stretch my mortgage over?

We advise to structure your mortgage over the shortest period to which the payments are comfortable for you within your budget. The longest term available is 40 years however it will need to be fully repaid before your planned retirement age. Please note that the longer the mortgage is structured the more interest will be payable.

Couldn’t find your answer? Ask a question

Service insights

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Our top tips for getting a mortgage

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Mortgages for First Time Buyers – Case Study

Mortgages for First Time Buyers – 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...

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How to get on the property ladder sooner

How to get on the property ladder sooner

Day to day, we speak with plenty of first-time buyers. One of the most satisfying parts of our jobs here at Chambers Financial Services is helping those purchasing their first property onto the housing ladder. A very common complaint is how long it can take to get on...

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Let’s get started

To arrange an appointment with our friendly team, all you have to do is click the button below.  We’re looking forward to meeting you.

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About:
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.

© Chambers 2019    |    Privacy Policy   

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