first time buyer mortgage
Find a mortgage to buy your first home
Let us take the stress out of buying your first home. We'll find you a mortgage and handle all the paperwork, saving you time, hassle and money.
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YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Why choose us
Need some help to buy your first home?
If you've found your first home, we'll find a mortgage to buy it. Get friendly, stress free mortgage advice that saves you time, money and hassle.
Save Time
Don’t waste your valuable time researching mortgage rates and completing lengthy application forms. We’ll take care of it for you.
Save Money
Save money on your mortgage with better rates and lower application fees, it could mean big savings on your monthly payments.
Get Exclusive Rates
Your mortgage adviser has access to 1000’s of mortgage rates and exclusive offers that that may not be available to you directly.
Couldn’t have asked for better service!
Jamie Radcliffe
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First time buyers trust us
Thousands of people have trusted our expert mortgage brokers to help them buy their first home. Lets see if we can help you too.
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Get expert mortgage advice, from 8am - 8pm Monday to Friday & 9am - 6:30pm on Saturday & Sunday.
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first time buyer scheme
Can I get a mortgage
Tired of trying to find a mortgage? We specialise in helping first time buyers get a mortgage, you'll save time, money and hassle. Find out how much you could borrow, get the right mortgage rate and let is handle the application process.
With our access to exclusive mortgage rates and personalized advice, we’ll help you find the right first time buyer mortgage for your needs.
Say goodbye to the hassle and uncertainty, and focus on moving into your first home with confidence.
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First time buyers mortgages
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First time buyer schemes
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first time buyer help
Your mortgage questions
Lower interest rates: First-time buyer mortgages typically have lower interest rates than other types of mortgages. This can save you money on your monthly payments.
More flexible terms: First-time buyer mortgages often have more flexible terms than other types of mortgages. For example, you may be able to choose a shorter term or a lower deposit.
Government schemes: There are a number of government schemes available to help first-time buyers, such as the help to buy scheme or the save to buy scheme.
Your GHL Direct mortgage adviser can guide you through the entire process and search first time buyer mortgage deals on your behalf.
To be eligible for a mortgage as a first-time buyer, you will typically need to meet the following criteria:
Be a first-time buyer: You must not have owned a property in the past.
Be a UK resident: You must be a UK resident and have a permanent UK address.
Have a good credit history: You must have a good credit history and be able to demonstrate that you can manage your finances responsibly.
Mortgage deposit: You will need to have a deposit of at least 5% of the purchase price of the property.
While it might be more challenging compared to someone with a good credit score, our mortgage brokers work with lenders who specialise in offering mortgages to individuals with poor credit history or CCJs.
Yes, you can get a mortgage if you're self-employed but process might be slightly different compared to someone with a traditional job.
Mortgage lenders will typically require more financial information to assess your income stability, such as:
Tax returns: At least two years' worth of self-assessment tax returns (SA302 forms).
Accounts: Certified accounts for the same period.
Bank statements: Evidence of your income and spending patterns.
Here are some questions you can ask your mortgage adviser:
- How much can I borrow?
- What type of mortgage is best for me?
- What are the interest rates and fees?
- What are the monthly repayments?
- What happens if I can’t afford to make my repayments?
- What are the pros and cons of different mortgage products?
Fixed-rate mortgages: With a fixed-rate mortgage, your interest rate will stay the same for the entire term of the mortgage. This can provide peace of mind, as you know exactly what your monthly payments will be. However, if interest rates rise, you will not benefit from the lower rates.
Variable-rate mortgages: With a variable-rate mortgage, your interest rate will fluctuate based on the Bank of England base rate. This means that your monthly payments may go up or down, depending on the market. However, if interest rates fall, you will benefit from the lower rates.
Tracker mortgages: A tracker mortgage is a type of variable-rate mortgage that tracks the Bank of England base rate. This means that your interest rate will always be a certain percentage above the base rate.
Discounted mortgages: A discounted mortgage is a type of variable-rate mortgage that is offered at a discount to the lender’s standard variable rate (SVR). This means that your interest rate will be lower than the SVR, but it may still fluctuate.
First time buyer scheme: Help to Buy: Equity Loan | Shared ownership | The Mortgage Guarantee Scheme
Your first meeting with a GHL Direct mortgage adviser is completely free and doesn't commit you to anything. We'll chat about your mortgage goals and see how we can help.
Just to be upfront, our mortgage advisers might charge a fee based on how complicated your situation is. Some mortgage brokers charge a one-time fee, while others earn a commission from the lender. Your adviser will explain everything clearly before we start
Ready to find a mortgage
Not sure how to get a mortgage? Let our friendly mortgage brokers take the stress out of buying your first home.