FIRST TIME BUYERS

Buying your first house or flat is an exciting proposition. Whether you're moving out of the family home for the first time, or out of rented accommodation, it's likely to be your first opportunity to do things exactly as you want. However, for the majority of first-time buyers there is one last hurdle to get over before you can relax in your new home - finding a first time buyer mortgage.

Before you start looking in the estate agents' windows you need to get an idea of how much you have to spend, the buying process and the associated purchasing costs. Arrange an appointment with one of our mortgage advisers and we will explore your options, researching the products our panel of lenders provide to find the deal which best services your current situation.

If you have found the property you want to buy, we could apply for an ‘agreement in principle’ on your behalf. This is an agreement given by a lender which sets out the provisional amount you could borrow based on your personal circumstances, although the final amount offered may be less than that appearing in the agreement. While not an actual mortgage offer, it is an indication that you will be able to get a mortgage, provided of course that the lender is satisfied with a) the choice of property you finally make, and b) your status as prospective borrower(s).

Having this agreement in principle before you go house hunting could be an advantage – a seller may be more likely to accept your offer if you have already obtained evidence relating to the amount you could borrow.

During the review process, our mortgage adviser will clearly explain all associated purchasing costs and the implications associated with owning your own home, such as the potential increase in monthly expenditure. Due to our years of experience within the industry, we could also help you through the various stages of the buying process.

Apart from your mortgage adviser, we have a team of qualified support staff based at our Bournemouth Office who are there to help you. Whenever our office is open, we guarantee that there will always be someone to speak to you, to help with any queries or concerns. We know from experience how many mortgage and property related queries may crop up on the road to completion of a mortgage!