Leicester First Time Buyer Mortgages

Let’s Get Started

Before you begin your search, it’s essential to talk to us for mortgage advice for first-time buyers. We’ll assess your income and expenses to set a sensible budget. Be ready with documents like payslips, bank statements, proof of deposit, proof of identity, and SA302 forms if self-employed.

Once we’ve assessed your situation, we’ll determine how much you can borrow and explain all the costs involved, from your deposit to solicitor fees, survey costs, and stamp duty.

Legal Services

Your solicitor will handle the legal process of transferring ownership. If you don’t have one yet, we can recommend a solicitor to assist with your purchase. Working with our Leicester mortgage brokers, you’ll receive top-notch service throughout the process.

What’s Next?

Once we’ve discussed your options, we’ll apply for a decision in principle with your lender, which will include a credit check. With our expert guidance, you’ll be well-prepared for the next steps in your mortgage application.

Looking for Your New Home

Now that you know your budget, it’s time to begin your search. Our experienced team is here to help and can recommend trusted property agents to support you.

Putting in an Offer

As a first-time buyer, you may have an advantage since you’re not in a chain. Our first-time buyer mortgage advice will ensure you’re in a strong position to proceed with the purchase. Once your offer is accepted, we’ll assist with the formalities and instruct your solicitor.

Property Surveys

To confirm the property’s condition, your lender will require a survey. We’ll help you choose the right type of survey to ensure the property meets your needs.

Time to Apply for Your Mortgage

When you’re ready, we’ll confirm that your chosen mortgage is still the best deal available and submit the full application to your lender. We’ll ensure all supporting documents are in place, making the process as smooth as possible.

Almost There

Once your solicitor completes the necessary checks, they will prepare the contracts for you to sign. Exchanging contracts will require your deposit, and we’ll ensure you have buildings insurance in place.

Moving Day

On completion day, your solicitor will transfer the funds, and you’ll receive the keys to your new home. Your first mortgage payment is typically due a month after moving in, but we’ll help you with the timing.

At Akers Pritchett, our Leicester mortgage advisors will guide you through each step, liaising with estate agents and solicitors to ensure a smooth process. And as your circumstances change, we’ll continue to offer ongoing support.

For more information or to discuss your first-time buyer mortgage needs, please fill out the callback form, and one of our mortgage brokers will be in touch.