First Time Buyers

Let’s Get Started

Before you begin your search, it’s crucial to talk to us for mortgage advice for first-time buyers to understand your options. We’ll assess your income and outgoings to agree on a sensible budget. Be prepared with documents for our local mortgage advisors, such as payslips or SA302 documents if self-employed, bank statements, proof of deposit, proof of residency, and proof of identity.

Next, we’ll determine how much you can comfortably borrow, calculate your monthly costs, and guide you through each step of the process. This includes understanding all the costs of purchasing a home, from your deposit and lender fees to solicitor fees, survey fees, and stamp duty.

Legal Services That Are Right for You

Your solicitor will handle the conveyancing, the legal process of transferring ownership. If you don’t already have one, we can recommend a solicitor dedicated to supporting your new purchase. By working with our local mortgage advisors, you’re ensured of receiving the best possible service throughout the purchasing process.

What’s Next?

After discussing your options with Akers Pritchett, we’ll apply for a decision in principle before submitting a full application. Your chosen lender will carry out a credit check and, based on your circumstances, provide a decision in principle. With our first time buyer mortgage advice, we’ll guide you through this, ensuring a smooth process.

Looking for Your New Home

Now that you know your budget, the search for your dream home begins. We’re here to assist, drawing on years of experience and offering the best mortgage advice in the UK. We can even recommend a trusted property agent to support your search.

Putting in an Offer

As a first-time buyer, sellers often prefer you since you’re not in a chain. Our first-time buyer mortgage advice ensures you’re in a strong position to proceed with the purchase. Once an offer is accepted, it will be confirmed in writing. Our local mortgage advisors can assist you in making a formal offer and instructing a solicitor.

Property Surveys

To confirm the property’s condition and value, your lender will carry out a survey. Various types of surveys are available, from basic valuations to full structural surveys, ensuring the property’s suitability for your mortgage loan.

Time to Apply for Your Mortgage

Depending on your property search’s timing, we’ll confirm that your chosen mortgage and first-time buyer mortgage rates are still the best option for you. Then, we’ll submit a full application to the lender, including all supporting documents and property details.

Almost There

After your solicitor completes the necessary searches, they will draft contracts for you and the seller to sign. The next step, exchanging contracts, requires your deposit. Don’t forget to have buildings insurance in place, a step we’ll discuss at the start of your journey.

Moving Day Has Finally Arrived!

Completion, or moving day, is an exciting day. Once your solicitor transfers the lender’s funds to the seller’s solicitor, you’ll receive the keys to your new home! Your first mortgage payment will typically be due a month after you move in, though we can provide more specific timing.

Every step of the way, our experienced local mortgage advisors at Akers Pritchett are here to coordinate with estate agents and solicitors, making your purchase as smooth as possible. And as your personal circumstances change over time, we’ll stay in touch, offering ongoing support for as long as you need.

For more information on any of our services or to discuss your mortgage advice for first-time buyers needs, please register your details for a callback on the form provided.