First Time Buyer Guide

Introduction

It was more years ago than I care to admit that I bought my first home, yet I remember the roller-coaster of competing emotions like it was yesterday: the excitement at picking up the keys mixed with fear that I was taking on a humungous debt and doubts about whether I’d made the right decisions along the way.

Since then the housing market has changed a great deal. Not only are properties far more expensive, but first-time buyers also face much tougher lending criteria, making it even harder for them to get their feet on the first rung of property ladder.

I’m now a landlord in London and many of my tenants see renting as a stepping-stone to buying their first home, but in the capital and the rest of the southeast, high property prices make it especially challenging. That’s why mortgage brokers, such as London Money, are so important.

A good broker is worth their weight in gold, helping first-time buyers make the right decisions, not ones they will live to regret.

I’m delighted to write the introduction to this guide, the more access to good quality information first-time buyers have, the better.

Victoria Whitlock, The Evening Standard’s Accidental Landlord

www.rentingandletting.uk

   

Are you ready to buy?

What are the advantages of buying and renting? How much deposit will you need? What help is available from the Government?

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Freehold & leasehold: What's the difference?

It's easy to get carried away by the excitement of buying your first home. But, knowing the difference is important.

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Mortgages

One small word, but your future rests on being able to get one and then the right deal. We explain everything you need to know.

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Parental help

Many of us need to go to the 'Bank of Mum & Dad' to help us get on to the housing ladder. We explain the best way for your parents to help.

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Top tips for getting a mortgage

There are things you can do to improve your chances of getting a mortgage. We explain what they are and how you can improve your chances of being accepted.

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Help from the Government

The Government is keen to help first time buyers. In this section we explain the different schemes available and how you can access them.

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Getting ready to move

Price agreed? Check. Mortgage accepted? Check. Now it gets serious, what else do you need to take care of before you move?

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What next?

You've moved house and started unpacking, but before you start organising the housewarming party, you still have work to do.

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Contact us

We are independent mortgage brokers and specialise in helping first time buyers get on to the housing ladder. If you would like to chat, please get in touch.

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