First Time Buyers
Taking your first step on the property ladder
Purchasing a property as a First Time Buyer can be both exciting and stressful at the same time. Often a property you wish to purchase will be part of a chain.
Having decided to buy a home, you will need to borrow money in the form of a residential, or ‘owner-occupier’ mortgage.
These are long-term loans, provided by banks or building societies that are secured by a 1st charge on the property title, be it Freehold or Leasehold.
There are a multitude of mortgage options available. Legislation introduced in 2014 has meant that arranging a residential mortgage, or remortgage is not as straightforward as it once was.
It is now more important than ever to employ the services of a mortgage broker with access to the whole of the market, in order that you make the correct decisions in deciding which mortgage is the most appropriate for you.
As a Whole of Market mortgage broker, we have access to all of the mortgage schemes on the market, High Street lenders, broker only lenders, Private Banks, Offshore lenders, smaller building societies or specialist loan providers. As part of the Quilter network, we have access to exclusive products which aren’t available on the high street, which can make a real difference.
Things to consider
How much deposit do I have?
- How much can I borrow?
- How am I going to repay the Loan?
- Do I want the security of fixed monthly payments?
- Do I need flexibility to make lump sum payments?
- How quickly will the mortgage lender move in order to secure the property?
- What set up fees should I consider? Survey, Lenders, Solicitors, Stamp Duty/ Land Tax, Disbursements, Broker fees.
- What exactly does the mortgage process involve?
One Stop Finance is a mortgage broker who offers a whole of market service; whether that is High Street lenders, broker only lenders, Private Banks, Offshore lenders, small building societies or specialist loan providers.
All our professional advisers are here to act for you, first and foremost, to help you choose the most suitable mortgage, and guide you through the process with ease.
Our Advisers and support staff are here to help smooth process from start to finish.
For more information about purchasing your First Home, please call us on 020 8441 2605 or 01442 232 272. Alternatively click here for our enquiry form.