40+ Years Of Experience
Gordon Blair Financial Services
Mortgage & Protection Brokers - Serving clients UK-wide.
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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Buying Your First Home in Wimbledon
Buying your first property should feel exciting, not overwhelming. Gordon Blair Mortgage & Insurance Brokers helps first time buyers in Wimbledon understand their mortgage options and navigate the journey from initial affordability through to mortgage application.
Whether you are only beginning your property search or have already found a home you would like to buy, we can help you understand your borrowing position and the next steps.
Understand Your Budget
Get a clearer understanding of how much you may be able to borrow based on your income, deposit and financial commitments.
Explore Your Options
We can explain the mortgage options relevant to your circumstances and help you understand different lender requirements.
Agreement in Principle
Understand what an Agreement in Principle means and how it can help when you begin viewing properties and making offers.
Mortgage Application
Once you find your first home, we can support you through the mortgage application and keep you informed as it progresses.
How Much Can a First Time Buyer Borrow?
There is no single borrowing figure that applies to every first time buyer. Mortgage lenders assess applications using their own affordability calculations and lending criteria.
Your income, regular financial commitments, deposit, credit history and the property you intend to purchase can all influence how much you may be able to borrow.
Getting mortgage advice before you start making offers can give you a clearer understanding of your potential property budget.
View our mortgage services →How Much Deposit Do You Need?
The deposit required for your first property will depend on the mortgage products and lenders available to you.
Your deposit determines your loan-to-value, commonly known as LTV. A larger deposit may give you access to a wider selection of mortgage options, depending on your circumstances.
It is also important not to consider your deposit in isolation. Buying a property involves several other costs that should be included when planning your budget.
Costs to Plan For
- Solicitor and conveyancing fees
- Property surveys
- Mortgage-related fees
- Moving costs
- Insurance and protection
- Any applicable Stamp Duty Land Tax
First Time Buyers in Wimbledon
Wimbledon offers a varied property market, from flats and apartments through to houses across Wimbledon and the surrounding areas of South West London.
Understanding your mortgage position before making an offer can help you search with a realistic budget and move forward more confidently when you find the right property.
How the First Time Buyer Mortgage Process Works
Every purchase is different, but your journey will generally follow a number of key stages.
Understand your finances, deposit and potential borrowing.
Consider arranging an Agreement in Principle.
Search for your first home and make an offer.
Submit your full mortgage application.
Complete the legal process and receive the keys.
Why Use a Mortgage Broker as a First Time Buyer?
Mortgage lenders have different affordability calculations, eligibility requirements and product ranges. For someone buying their first property, comparing these differences can quickly become complicated.
Gordon Blair Mortgage & Insurance Brokers can discuss your circumstances, explain suitable mortgage options and support you through the application process.
View our mortgage services →Protecting Your New Home
Arranging your mortgage is only one part of buying your first home. Depending on your circumstances, you may also want to consider life insurance, critical illness cover, income protection and home insurance.
We can discuss protection alongside your mortgage so you can consider your borrowing and wider financial protection together.
Explore insurance & protection services →First Time Buyer Mortgage FAQs
Can I get a mortgage as a first time buyer?
Potentially, yes. Your eligibility will depend on factors including income, deposit, financial commitments, credit history and the lender's individual criteria.
How much deposit will I need?
Deposit requirements vary between mortgage products and lenders. Your deposit size will also affect the loan-to-value of your mortgage.
Do I need an Agreement in Principle?
An Agreement in Principle can be useful because it provides an indication of potential borrowing before you begin making offers.
Can I get a mortgage if I am self-employed?
Being self-employed does not automatically prevent you from getting a mortgage. Different lenders assess self-employed income in different ways.
When should I speak to a mortgage adviser?
You can speak to an adviser before finding a property. Getting advice early can help you understand your potential budget and the steps ahead.
Can Gordon Blair help with protection too?
We can discuss relevant insurance and protection options alongside your mortgage requirements.
Ready to Discuss Your First Mortgage?
Speak to Gordon Blair Mortgage & Insurance Brokers about buying your first property in Wimbledon and understand the mortgage options that may be available to you.
Speak to a Mortgage Adviser