Skip to content Skip to sidebar Skip to footer
April 13, 2019 Mortgages 0Comments

First Time Buyers

HomeAll Services...First Time Buyers
First Time Buyers

Mortgages for First time buyers

Buying your first home is something you are unlikely to forget, and it can be exciting and daunting all at the same time. At Derbyshire Mortgages and Protection, we want to make it as exciting and enjoyable as possible as this is something you have been working towards for a long time. You will only ever be a first-time buyer once in your like and the decisions you make now will decide a lot when it comes to your medium and long-term future.

See how much you can borrow

Mortgage Search

We’re ready to help you buy your first home

At Derbyshire Mortgages and Protection, we are here to help you make those right decisions with our expertise advice and wealth of industry knowledge. We aim to take away the stress to allow you to enjoy this special milestone in your life. Our team at Derbyshire Mortgages and Protection are here to help you by explaining everything that first-time buyers need to know. We are also here to make you “buyer ready” by putting you in the best possible position when it comes to putting offers forward.
We offer a free, no-obligation consultation and advice that won’t affect your credit.

    FAQ

    1. What is a First Time Buyer mortgage?
    A First Time Buyer mortgage is a home loan designed specifically for individuals who are purchasing their first property. These mortgages often come with special incentives and lower interest rates.
    2. How much deposit do I need as a First Time Buyer?
    The deposit requirement can vary, but it’s typically around 5-20% of the property’s purchase price. Government schemes like Help to Buy can assist with smaller deposits.
    3. What government schemes are available for First Time Buyers?
    There are several schemes, such as Help to Buy, Shared Ownership, and the First Homes scheme, aimed at helping First Time Buyers get on the property ladder. A mortgage advisor can explain these options.
    4. How does my credit score affect my ability to get a mortgage as a First Time Buyer?
    Your credit score is crucial. A higher score can help you secure a better mortgage deal. If you have a low credit score, a mortgage advisor can offer advice on improving it.
    5. What's the difference between fixed-rate and variable-rate mortgages for First Time Buyers?
    Fixed-rate mortgages have a constant interest rate, while variable-rate mortgages can fluctuate. Mortgage advisors can help you choose the most suitable option based on your circumstances.

    Leave a comment

    Derbyshire Mortgages and Protection
    Quick Links
    Contact
    Derbyshire Mortgages & Protection Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Limited, which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register under firm reference number 982876. Registered Office: 4 Lime Tree Close, Tibshelf, Alfreton Derbyshire DE55 5RF. Registered Company Number: 12631487. Registered in England and Wales.

    Typically, we charge a fee of £300 for a remortgage and £495 for a mortgage when purchasing a property, however the actual fee will depend on your circumstances and complexity of your mortgage needs.

    Not all Buy to Let Mortgages are regulated by The Financial Conduct Authority You may have to pay an early repayment charge to your existing lender if you Remortgage.

    As with all insurance policies, conditions and exclusions will apply. Think carefully before securing other debts against your home. YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
    Website design by Finsbury Media Digital Marketing Agency