First Time Buyers Mortgage

First-Time Buyers Mortgage – Your Path to Homeownership

Navigating the world of first-time buyer mortgages can be overwhelming, but with our expert guidance, we'll make the process smooth and stress-free.

Why Choose Us for Your First Mortgage?

We understand that buying your first home is one of the most exciting milestones in life, but it can also come with questions and challenges. At Sunnybank Financial Solutions, we specialise in first-time buyer mortgages and are here to help you find the best deal suited to your financial situation.

Whether you are looking to buy a flat in the city, a house in the suburbs, or a new-build property, our vast experience in the industry means we are ready to help you explore your options.

What is a First-Time Buyer Mortgage?

A first-time buyer mortgage is a loan specifically designed to help those who have never owned property before. First-time buyers often receive benefits such as:

• Lower deposit requirements – Many first-time buyer schemes allow deposits as low as 5%.
• Exclusive rates – As a first-time buyer, you may be eligible for special deals and offers.
• Government schemes – Benefit from initiatives like Help to Buy and Shared Ownership.

Key Benefits of First-Time Buyer Mortgages

1. Low Deposit Mortgages
   Struggling to save for a large deposit? Many lenders now offer low deposit mortgages from 5%, making homeownership more accessible for first-time buyers.
2. Government Support Schemes
   As a first-time buyer, you may qualify for several help-to-buy schemes including the Help to Buy Equity Loan and Shared Ownership. These can make purchasing your first home much easier.
3. Fixed or Variable Rate Options
   Choose the right mortgage for your needs, whether that’s a fixed-rate mortgage to lock in your payments or a variable rate mortgage for flexibility.
4. Personalised Mortgage Advice
   We provide tailored mortgage advice to help you understand which options are available. We can help explain everything, from affordability assessments to the fine print, ensuring you make an informed decision.

The First-Time Buyer Mortgage Process

1. Initial Consultation
   Our friendly advisers will discuss your financial situation and help determine how much you can borrow. We will also explain your eligibility for any government schemes.
2. Mortgage Application
   After you've found your dream home, we’ll help you find the right mortgage deal for your own individual circumstances, and then complete the mortgage application with the most appropriate lender.
3. Mortgage Offer
   Once your application is accepted, you will receive a mortgage offer detailing the terms of your loan, including interest rates and repayment schedules.
4. Completion and Moving In
   With your mortgage offer in place, you’re ready to complete the sale and move into your new home!

Common Questions About First-Time Buyer Mortgages