First Time Buyer
Buying a home is one of the most expensive purchases you’re ever likely to make, which is why it’s so important to get good advice when doing so.

Mortgage advice for first-time buyers

Buying a home is one of the most expensive purchases you’re ever likely to make, which is why it’s so important to get good advice when doing so.  This is even more true for first time buyers stepping onto the property ladder as all the rules, options and associated costs are new.

Our experienced mortgage advisers will guide you every step of the way – from initial assessment of what you can afford in terms of overall mortgage and monthly repayments, through choosing a specific product that’s right for you and taking care of the application process.  At each stage we’ll make sure you understand what’s happening and what will happen next, using simple jargon-free language and answer any questions you may have.

Your adviser will:

  • Calculate how much you can borrow
  • Find you a suitable lender
  • Get you an appropriate deal
  • Advise each step of the way
  • Help you with relevant paperwork
  • Advise you on suitable insurance cover

As you’d expect we’ll work with the mortgage lender to get everything assessed as quickly and smoothly as possible, but what you might not expect is that we can also introduce you to solicitors, estate agents, valuers, and surveyors.  If you don’t already have a firm arranged for these services we can provide no-obligation quotes from professionals.

In our experience it’s never too early to speak with a mortgage advisor and start planning ahead, so do feel free to get in touch even if you’re just starting to look around.

Frequently Asked Questions

Gifted deposits to First Time Buyers

A gifted deposit is when some or all of the money you put up for a deposit is given to you as a gift by a friend or family member.
If the correct procedure for gifting a deposit is not followed then you could end up delaying completing the purchase, as there will likely be a hold-up in the conveyancing process.
Lenders may also delay approving a mortgage as a result, so it’s important you have the right evidence and legal documents to prove the gift is indeed a gift that the family member or friend does not expect to be paid back.
Many lenders prefer that you get a gifted deposit from a family member, rather than a friend, so be wary of this as you could end up facing further delays simply for getting your deposit from a non-relative.

Black Swan’s advisers will be pleased to explain lender’s requirements in relation to what they will accept as a gifted deposit

Please call 01283 567200.

Your property may be repossessed if you do not keep up repayments on your mortgage.

Your initial mortgage consultation is always free of charge. Depending on the complexity of your mortgage there may be a fee for our mortgage advice and arrangement service, which will be discussed and agreed before you make a mortgage application. A typical fee is £345 and will never be more than 1% of the mortgage amount.