First Time Buyers
Your home may be repossessed if you do not keep up repayments on your mortgage
First-Time Home Buyers: Navigating the Challenges
First-time home buyers are facing significant difficulties in purchasing their first property, leading an entire generation to believe that homeownership is out of reach. This group requires comprehensive mortgage advice, whether for understanding their options, the mortgage process, borrowing potential, or available government schemes to assist them.
Barriers to Home Ownership
Affordability: The recent hike in interest rates has made it more challenging to borrow enough to purchase a property.
Credit History: A poor credit score can significantly affect first-time buyers, resulting in declined mortgage applications.
Getting a Deposit: Saving for a deposit is increasingly difficult due to rising deposit costs and the living cost crisis affecting the ability to save.
Knowledge: First-time buyers often lack sufficient understanding of the mortgage process and the steps involved in buying a property.
How to Be Mortgage Ready
Understanding the Home Buying Process: Ensure you have a clear understanding of what’s involved in buying a home.
Saving for a Deposit: Learn about saving products that can help you accumulate the necessary deposit.
Types of Mortgages: Familiarise yourself with the different types of mortgages available. Be aware of products specifically designed for first-time buyers, such as 95% Loan-to-Value (LTV) mortgages and shared ownership schemes.
By addressing these barriers and being well-prepared, first-time buyers can improve their chances of successfully purchasing their first home.
Our Services
How we can help
Ready to start your journey to homeownership or need advice on your existing mortgage? Get in touch with us today and let our team of experts help you find the perfect mortgage solution.
First-Time Buyer Mortgages
Helping you get on the property ladder with confidence.
Remortgages
Find better rates and save money by switching your mortgage.
Buy-to-Let
Mortgages
Support for property investors looking to expand their portfolio.
Adverse Credit Mortgages
Options for those with less-than-perfect credit histories.
Self-Employed Mortgages
Tailored solutions for self-employed individuals with variable incomes.
New Build Mortgages
There are a number of options available to those looking to purchase a new build home.
Clients Feedback
Our Clients Reviews
At Need a Mortgage, our clients' satisfaction is our top priority. We take pride in providing exceptional service and personalised mortgage solutions that meet each client's unique needs. Don't just take our word for it—read what our satisfied clients have to say about their experiences working with us.
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Ready to Take the Next Step?
Don't miss out on securing the best mortgage for your dream home. Our team of experts is here to guide you every step of the way, providing personalised solutions and competitive rates tailored to your needs. Whether you're a first-time buyer, looking to remortgage, or exploring buy-to-let options, we're here to help make your homeownership journey smooth and stress-free.
Get In Touch
Mon – Sat
9:00am – 8:00pm
Sunday – CLOSED
Phone Number:
0161 317 7496
Post Address and Mail
Email: [email protected]
Address
286 Bramhall Lane South
Bramhall, Cheshire
SK7 3DJ
Need-A-Mortgage.co.uk is a trading name of Linear Mortgage Network Limited registered in England and Wales at Registered Office: Howard House, 3 St Mary’s Court, Blossom Street, York, YO24 1AH Company reg number 5198588. FCA 408392
Need-A-Mortgage.co.uk is a trading name of Linear Mortgage Network Limited which is an appointed representative of PRIMIS Mortgage Network, a trading name of Advance Mortgage Funding Limited which is authorised and regulated by the Financial Conduct Authority
The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.
We charge an arrangement fee of between £199 and £999. Your adviser will agree your arrangement fee with you before commencing any chargeable work for you, and the amount payable will take account of the following factors:
- Your personal financial circumstances
- The complexity of your borrowing requirements
- The amount of work required to fulfil your needs
We will also be paid a procuration fee from the lender. The amount of the procuration fee will be disclosed to you. You have the right to ask us to provide information on the range of procuration fees that the lenders on our panels offer to us.
Office address : 286 Bramhall Lane South, Bramhall, Cheshire, SK7 3DJ
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE.