First time buyer mortgage Frequently Asked Questions

Is there help available for a first time home buyer?

There are a number of schemes available depending on your circumstances, you can use the help to buy scheme for a new home, right to buy and shared ownership schemes are available for certain customers and you should be able to benefit from a reduction in Stamp Duty (in England and Wales)I’m a self employed first time buyer, do I need 2 years accounts?

Most lenders expect you to have accounts or tax returns for two years, if that’s not possible there are some lenders who will accept alternate proof of income.  Contact us and explain your situation and our human advisors will work with you to find your best option. You can read more about mortgages for the self employed here.Can I borrow 100% of the value of my property?

Most lenders will cap the lending at around 95% of the property value but for the right application this can be extended to 100%. again contact our advisors and explain your situation and we’ll help you get the best mortgage to meet your needs.Can my first property be a buy to let?

With house prices getting further out of reach for many young buyers, especially in the property hotspots of the major cities it’s becoming increasingly attractive to buy in a less expensive area to get “on the ladder”. Whilst some lenders need you to have your own property before you start investing, there are lenders on our panel who will provide a mortgage to a first time buyer.
Find out more about buy to let mortgages here.