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First-Time Buyer

We can help you to jump on the property ladder. Find mortgage offers with as little as a 1% deposit. Your dream home is just one step away. 

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    First-Time Buyer Mortgages: Your New Home Awaits

    Welcome to Gordon Blair Mortgage Brokers! Understanding the mortgage market can be challenging for first-time buyers. Our friendly, experienced team is here to personally guide you through every step. We listen to your unique needs and research the whole UK mortgage market to secure the best offers for you. Let us ensure a smooth and professional journey to owning your first home.

    These 4 simple steps can lead you to buy your first home.

    Check Your affordability

    A rough illustration of how much you can borrow based on your annual income.

    Get DIP (Decision in Principle)

    A proof of your eligibility to get a mortgage and an estimation for your budget to buy a house

    Look for a Property

    With the DIP you can speak to a estate agent to help you find a property in your budget.

    Process Your Application

    Here you are ready to process your first mortgage application. A mortgage Broker can help you apply with different lenders to find the tailored solution for you.

    First Time Buyer Mortgages, We are mortgage brokers Croydon

    Check Your affordability:

    Enter your annual income and get an estimation of how much you can borrow. 
    Note: There can be terms and conditions on your eligibility. To know the details contact us and speak to a Mortgage Advisor.

    Who qualifies for first time buyer mortgages?

    Buying your first home is a significant achievement, and first-time buyer mortgages are designed to make this dream a reality. Understanding who qualifies for these mortgages involves considering several factors, including your financial standing, location, and specific lender criteria. Here’s an in-depth look at who typically qualifies:

    1. Defining a First-Time Buyer

    If you’re dreaming of owning your first home, you’re likely eligible for a first-time buyer mortgage. This category generally includes individuals who have never owned a property before. However, in the UK, even if you’ve owned a home in the past but haven’t done so within the last three years, some lenders still classify you as a first-time buyer.

     

     

    2. Financial Eligibility

    • Income and Affordability: Lenders assess your income to determine how much you can afford to borrow. They look at your regular income and any financial commitments you have, ensuring that your mortgage payments fit comfortably within your budget.
    • Credit History: A healthy credit history is crucial. Lenders will review your credit score and history to assess your ability to manage repayments. Aim for a good credit score, which demonstrates your reliability in handling financial obligations.

    First-Time Buyer Mortgage Schemes

    Here are some mortgage schemes you can take benefit of as a First-Time buyer. We understand it's complicated. We recommend you speak to one of our mortgage advisor to understand which offer is suitable for you. Offer and scheme conditions also vary according to lenders. Gordon Blair mortgage advisors have access to the whole of the market to explore the best options for you. 

    Joint Mortgages

    Many First-Time Buyers look for joint mortgages with their partners or family members. It helps them with affordability.

    First Home Schemes

    First-time buyer mortgages in the UK enable purchasing new build homes at discounted rates, supported by local councils. This initiative aims to enhance affordability and simplify mortgage approvals for eligible buyers.

    Mortgage Gauranteee Scheme

    The UK Mortgage Guarantee Scheme helps buyers secure mortgages with low deposits by offering lenders government-backed guarantees, making homeownership more accessible.

    Family Springboard

    The Family Springboard mortgage in the UK allows family members to help buyers secure a home by providing savings as security. This support makes it easier to get a mortgage without needing a large deposit.

    Low Deposit Mortgages

    Low deposit mortgages in the UK allow buyers to purchase homes with a smaller upfront payment, typically as low as 1% to 5% of the property value, making homeownership more accessible.

    Right To Buy

    The Right to Buy mortgage scheme in the UK enables eligible social housing tenants to purchase their homes at a discounted price. This mortgage helps cover the remaining cost, making homeownership more attainable.

    Let us make it easier for you!

    Need Help?

    Give us a call : 02087157267

    Or request a call back.

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    Why Choose Gordon Blair Mortgage Brokers?

    Personalised Guidance

    Receive expert advice tailored to your unique financial situation.

    Access to Top Offers

    Gain access to a wide range of mortgage options and competitive rates from across the market.

    Step-by-Step Support

    We're with you at every stage, from application to completion and beyond.

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