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Getting a mortgage on a house to live in as a First Time Buyer
The latest industry news and guides from Woodason Financial Services.
The ace up your sleeve
Getting on the housing ladder is a rite of passage for many in the UK. It can be an exciting, but also nerve wracking time. There are so many things that are new to you - how do I put my Offer in? What is a Decision in Principle? Just how much can I actually borrow? Most importantly - how do I know I am getting the best deal for my circumstances?
Does this sound like you?
Don't worry - all you need is someone to talk you through the details - you need a mortgage adviser - you need the team at Woodason Financial Services.
How can you help me?
We can not only give you advice on the mortgage, but also on the insurance you will need as part of owning your new home. We can also connect you with solicitors, Will writers, and anyone else you need to know as part of the home buying process.
We will go through your personal circumstances to ensure that we fully understand and appreciate what you are looking to accomplish. Some particular things we can help with:
• 0% deposit mortgages - not just 100% Loan To Value, but purchases where your only deposit is an incentive from the builder, current landlord, etc.
• Income stretch - we can help you borrow up to 6x your income - not just the standard 4.49x
• Bad credit - don't let a few hiccups on your credit report keep you down! We can still help you buy your dream home
• Recent arrivals to the UK - we can help you buy a house in the UK with as little as a 5% deposit, even if you are currently in the UK
• ...and many more!
Sounds good. How much will this cost?
It depends on which mortgage you ultimately go for, but there are deals out there that come with no upfront cost, including a free valuation. You will also need to pay for a conveyancer, which is typically around £1500-£2000. If you meant how much we will charge you, we do not charge any broker fees.
So, how do I get started?
All you need to do is click the button below that says Get Started to arrange a quick 30 minute Zoom call, where we will go through your individual circumstances and advise you on the way forward. You can also download a free guide further down the page which is chock full of useful information for First Time Buyers like yourself.
Just as a reminder, at Woodason Financial Services, we charge no broker fees. Just another way we try to do things better.
Our guides
Buying UK Property On A Visa
Our brochure will help you arrange finance without being distracted from your life. We are experts in helping clients in the UK on a visa buy property in the UK, whether you intend to live in it, or as an investment. Download it below, completely free.
Buying Your First Home Guide
This guide is a must-have for those who have not bought their own home. It explains and breaks down in plain English the steps needed to get a mortgage to buy your first home. Best of all, you can get it now for free by clicking below.
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IMPORTANT INFORMATION
Think carefully before securing other debts against your home. Your mortgage is secured on your home, which you could lose if you do not keep up your mortgage repayments.
We may charge a fee for mortgage advice in exceptional circumstances. The amount we charge will be confirmed before any charge is incurred. Please refer to the Terms of Business or contact us for further information.
woodason.co.uk is a trading name of Thanet Mortgages Limited which is authorised and regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up repayments on a mortgage or other loan secured on it. Think carefully before securing other debts against your home. Not all forms of bridging finance, secured loans, buy to let and commercial mortgages are regulated by the Financial Conduct Authority.
Woodason Financial Services Limited is never directly compensated to provide opinions on products, services, websites, and various other topics. The views and opinions expressed on this website are purely those of the authors. If we claim or appear to be experts on a certain topic or product or service area, we will only endorse products or services that we believe, based on our expertise, are worthy of such endorsement. Any product claim, statistic, quote or other representation about a product or service should be verified with the manufacturer or provider.
This site does not contain any content which might present a conflict of interest. Woodason Financial Services Limited makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contain on this website or any sites linked to or from this site.
Registered in England & Wales under company no: 15330673.
Registered address: 76 High Street, Brierley Hill, West Midlands, United Kingdom, DY5 3AW.
YOUR HOME OR PROPERTY IS AT RISK IF YOU ARE UNABLE TO MAINTAIN PAYMENTS ON ANY MORTGAGE OR LOAN SECURED AGAINST IT.
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