Please note: Our Bolton branch is closed. However, our Newcastle branch remains operational and we are always happy to offer nationwide financial advice and guidance. Our advisers remain contactable at info@b-advised.co.uk.

First Time Buyers

Buying your first home can be an exciting an overwhelming prospect for many young people.

B-Advised are here to guide you through the process and offer sensible solutions. We will make sure that you are reassured and comfortable every step of the way and we can assist you in setting realistic goals. We’re on-hand to give you expert advice on deposits and how much you can borrow.

The first thing you need to consider is whether you can actually afford a mortgage. You will need to make a 10% deposit to buy a property, so this is a big commitment. To gain an insight into how much you will be paying on a monthly basis, check out our handy mortgage calculator.

Mini house with 'first time buyer' written on keyring

Other initial considerations include:

  • The value of the property you’re interested in buying
  • How much you can afford to repay
  • The length of time that you want to pay the mortgage back

When you apply for a mortgage the lender will assess your affordability by assessing your finances and credit history. To be prepared and to manage your expectations, you can use Check My File to gain a better insight into what lenders are going to be looking at.

Once you have assessed your circumstances and feel that a mortgage is feasible for you, one of our talented mortgage advisers will be able to help you through the application process and we will provide advice on whether you should apply for a fixed rate or tracker rate mortgage.

It is important to consider the other costs that may be required in the process of looking for your new home, including property and conveyancing services, home insurance and essential household items and furniture.

young couple embracing in their new home seeking the rewards of being a first-time buyer

We can help you find your perfect home

We offer completely independent and impartial, end-to-end mortgage advice. With access to the whole market, we will compare an extensive range of products to find the best deal available to suit your needs. Offering sensible solutions and guidance and ensuring you are comfortable every step of the way, we can help you set realistic goals and give you exclusive advice on your deposit and exactly how much you can borrow based on your personal circumstances. We have helped hundreds of happy first time buyers – could you be next?

Are you a first time buyer? Start your exciting new chapter today. Contact us to find out what our specialist advisors can do for you.