We generally obtain a finance decision in principle from the lender and this confirms that the lending is likely to be agreed and in the event you as a potential borrower, are viewing properties, it becomes an important document to show estate agents. The agreement in principle indicates both your ability to purchase the property and that you are serious, if you subsequently decide to make an offer on a new home.

The decision in principle will be accompanied by a full mortgage illustration and will outline the exact costs of the loan, the deposit to be provided and the monthly instalments. As a future homeowner, we will guide you on both capital and interest mortgages, also known as a repayments and interest only options. On an interest only first time buyer mortgage, you can look to repay the finance at the end of the term by way of investments you may have, such as a pension, premium bonus or an Individual Savings Account, known as an ISA.
 

We will consider all situations. We have particularly expertise for those recently self-employed, those on bonus or irregular commission income, contractor mortgages, including fixed term and zero hour contracts, those in receipt of benefits, those on the right to buy, unusual property types such as flats above commercial or high rise and those who require either a guarantor or a gift of deposit from a relative or close friend. We can also arrange mortgages for those with a missed payment on credit or other impaired credit file.

Whatever your personal circumstances, we will guide you through your purchase every step of the way and will help you collate all the necessary supporting documentation, complete the detailed application form on your behalf, submit the case to the lender, take you through the underwriting and valuation process and secure you a mortgage offer. This all maximises the chances of success.

To speak to one of our specialist first time buyer mortgage consultants, call us now or complete the online enquiry from and one of our consultants will make contact.