First Time Buyer Mortgage Advice

Taking your first step onto the property ladder can be daunting. With so many factors to consider and things to think about it can quickly become overwhelming. Our specialist mortgage advisors know the ins and outs of all the things first-time buyers need in order to make the process easy and stress-free.

Our first-time buyer mortgage advice helps you through every step of the mortgage process, letting you know exactly how much you can borrow, all the costs involved and helping you solve any issues you might face.

Mortgage advisor for first time buyers

Our mortgage experts have access to a huge selection of first time mortgage products, finding you the best possible mortgage deal for your circumstances. We tailor in all the different factors you need to consider when getting your first mortgage, as well as accounting for anything that might change in the future.

Whether you are looking for first time buyer advice on a new build, help to buy scheme, or looking to buy your first home with a 5% deposit, our advisors help you weigh up the options and make the best possible decision. With RH Financial Consultants expert advice, its never been easier to get on to the property ladder.

As your first mortgage is such a huge commitment, getting the wrong deal could cause you financial issues in the future. That’s why you should seek out expert financial advice as soon as you find the perfect property. Our advisors won’t just be there to help you find competitive deals, but help you weigh up your options, helping you to choose the best arrangement that will benefit you in the long term.

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Buying your first home

Unlike moving to a new home, purchasing your own home for the first time is one of the biggest financial commitments you can make. In the past, most first time buyers would have expected to pay high deposits but now, there are various opportunities available. Such as the option of government-backed schemes like Help to Buy loans or ISAs, shared ownership options and lenders re-emerging in the market with 90-95% LTV.

Lenders such as Metro and Barclays offer products suited for those who cannot apply for mortgages alone and require parents or other family members to be added to the mortgage but not the deeds. These are known as joint borrower sole proprietor mortgages and the ownership of the property remains in sole name, but parents can use their own income to supplement yours to increase the borrowing required.

There are also options with homestart mortgages, guarantor mortgages or joint borrower sole proprietor mortgages, all of which enable younger or first-time buyers the opportunity to get on to the property ladder. Gifted deposits have also become more common with parents or family members assisting towards the deposits to give their child or relative a helping hand on securing a mortgage.

We understand that the process of looking for mortgages can be overwhelming, and we are here every step of the way to help and we are happy to answer any questions you have regarding this journey towards your first purchase.

 We have used RH Financial a few times now and they take all the stress out of finding your new product and nothing is to much trouble. We won’t use anyone else.

– Gavin & Kelly

We’d Love To Advise You About Mortgages

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Address

RH Financial Consultants Limited, CFC House, Acorn Business Park, Woodseats Close, Sheffield, S8 0TB.

The guidance and/or advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

We normally charge a fee of £399 for mortgage advice, however, this will be dependent upon your circumstances.

R H Financial Consultants Ltd is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority.

RH Financial Consultants Limited is entered on the FCA register reference: 408543 | Data Protection registration number: Z9670385 | Consumer Credit License number: 0594894

Registered in England and Wales, number 4477788

Members of The Personal Finance Society and The Chartered Insurance Institute