First-Time Buyer Mortgages

Buying your first home is a pretty momentous occasion. But as exciting as this big step is, making such an important investment – and commitment – can be daunting, too. 

Maybe you’ve already seen your perfect property, or you’ve just started thinking about buying your first home – wherever you are in the process, discovering how much you can borrow can be a real game changer. 

The sooner you find out how much you can spend, the sooner you can make an offer on your dream home and begin the negotiations. 

What Are The First Steps To Getting A Mortgage For First Time Buyers?

Using our free online calculator, you can get an instant estimated borrowing amount from providing some basic information such as your deposit amount, annual income, debt information and spending. It’s important to note that whilst this is a good indicator, the mortgage product you finally select will ultimately decide how much you can borrow. 

If you are looking to take the next steps, then we will help you organise an Agreement in Principle (AIP) which gives you an indication of how much a lender could be willing to offer you based on the information you have provided. Most estate agents will need to see this in order to ensure that you are in fact a serious buyer, before they can proceed with your property search. 

Securing The Best Mortgage Deal For You 

At Bower, we know that a mortgage is a huge financial commitment and that for first time buyers it can be especially daunting. Once you have found a property you want to buy then our knowledgeable and experienced advisors are on hand to help find you the best mortgage deals for first time buyers. 

There are thousands of mortgages out there and many banks and building societies offer special deals and incentives to first time buyers in order to try and get them on board. This can include things such as cash back which can then be used to reduce the amount of interest that would accumulate, lower fees or even a contribution towards your legal costs. With so many different types and deals available, it can be confusing for first time buyers to cut through the jargon and choose the right lender to go with. 

Our mortgage experts will conduct a comprehensive search of various types of mortgages on your behalf and navigate through them in order to find the most suitable and competitive mortgage deals for your individual circumstances. 

Bower Are Here To Help 

Whether you’re looking for a standard mortgage, Starter Home or Shared Ownership scheme, our mortgage specialists are here to help you take your first step onto the property ladder. 

  • We require no upfront advice fees and you don’t have to pay us a penny until your mortgage completes. 
  • Our independent, impartial and professional expert advisers only recommend mortgages which provide the best deals for your circumstances. 
  • We search deals from all of the regulated whole market providers.  
  • You will receive a fully personalised service with your very own, dedicated mortgage provider who will see you through the entire process. 
  • Our experienced advisers can identify where there are opportunities with big name brands or smaller independent building societies for more flexible application processes in order to improve your chances of being accepted. 

The Home Finance Specialists

If you are looking to purchase your first property but don’t know where to start, Bower mortgage experts are here to help you every step of the way. Our dedicated, award winning team are all qualified financial advisors and are committed to providing a personal, reliable and transparent service throughout for those seeking first time buyer mortgage advice. 

If you would like some more information or have any questions about our first time buyer mortgage services, then do not hesitate to get in touch and we will be happy to help get you on the path to owning your very first home. 

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Some buy to let mortgages are not regulated by the Financial Conduct Authority.

Bower Mortgages provides impartial whole of market advice with an award winning customer service experience. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £595 on completion of the mortgage.

Bower Mortgages is a trading style of Bower Retirement Limited and is Authorised and Regulated by the Financial Conduct Authority. Financial Services Register Number: 451607

Speak to one of our dedicated customer specialists or arrange your free, initial no-obligation quote by calling us on freephone 0800 411 8668