Mortgages - First Time Buyers

Buying a house is one of the most important purchases you will make. We know that buying a home for the first time can be an intimidating process with many questions needing answered..

How much can I borrow? What will the repayments be? What fees do I need to pay? What if I don’t have a deposit?

Our advisors will talk you through the financial aspects of the buying process and provide you with advice from the whole mortgage market to find you the best mortgage suited to your circumstances.

Deposit
Currently mortgage lenders will lend up to 90% of the value or purchase price, whichever is the lower. This means that you will be required to put 10% deposit down and the more deposit you can produce the better deal lenders will offer.

Don’t worry if you can’t produce this size of deposit, we can look at alternative ways of getting you on the property ladder which include:

Shared Equity
Shared Ownership


How much can I borrow?

The majority of mortgage lenders will calculate how much they will lend based on affordability where they analyse your monthly income and expenditure. We can obtain an accurate borrowing figure based on your circumstances.

Solicitor

Buying your first property is probably the first time many clients have ever needed a solicitor. Our advisors can provide you with a solicitor who offers very competitive legal fees when you arrange your mortgage with us.




 
Mortgage Calculator
Our simple free mortgage calculator will give you an idea of the monthly payments you can expect to pay, based on the APR of some of the leading mortgages currently available today.

 
Contacting Us
For mortgage advice we make it as easy as possible for you to speak to one of our friendly, expert mortgage advisors, Call us now on 01242 522141 to discuss your requirements.---------


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO
NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Registered Office: 29 St Stephens Road, Cheltenham, Gloucestershire, GL51 3AB
Registered in England Number 5281305

Raymond & Thomas Ltd is Authorised and Regulated by the Financial Conduct Authority.