Mortgages made easy
for first time buyers

Before you can start doing anything, you will need to know your budget to enable you to choose where you would like to live and the type of property you are able to buy. I will be able to calculate the amount you can borrow by using your income and any financial commitments.

You will need to obtain your Statutory Credit File. This is different to the credit scores they advertise. It is the document that banks look at when searching your financial transactions. Companies like Experian.co.uk and Equifax.co.uk, will supply these for free. You must make sure it’s your Statutory Credit File, not the traffic light colours or monthly subscriptions for credit scores, which they try to sell you, so beware.

Shared ownership schemes are available. You need to search online for associations that have property in your chosen area and register with them.

First Homes Scheme. Details are on www.gov.uk/first-homes-scheme.

Consultation, advice, sourcing best products or providing information is free of charge. You only incur a fee of £299, once you are in receipt of the mortgage offer letter, guaranteeing to lend you an agreed mortgage. This is non-refundable for any reason after this point. Subsequent product transfers of that product with the same lender will only incur a fee of £99.

Generally yes. 95% will currently be the highest a lender will go, therefore either you, a family member or a friend can assist you with this. The higher the loan percentage (loan to value), generally the higher the interest rate of the banks products.

A Family Mortgage allows family members to use their savings and/or equity in their property as security for the borrower’s mortgage instead of gifting money.

Joint Borrowers, Sole Proprietors. Up to four incomes can be used for affordability – one or two borrowers (who will own and occupy the property) can be supported by up to two other friends or family members, who would not appear on the title deeds.

Supporting family members will not be liable for stamp duty on a second home – they will be listed on the mortgage but will not own the property. Sounds complicated? Call me, I’d be happy to explain in simpler terms.

No. It’s in your best interest to take advice from an independent source.  Some estate agents share your private, financial information to their sales departments when you are negotiating to purchase a property through them. This is not only extremely bad practise but it’s illegal by breaching the Data Protection Act. Always remember, estate agents is acting in the best interests of their clients, the vendors (sellers). Not for you!

Not at all. A bank wants to know how much you earn to satisfy affordability. As a self employed person, instead of a payslip, you would be required to supply your last two years Tax Calculations or SA302 forms, along with your Tax overviews. Your accountant will obtain these. If you don’t have an account, you can obtain this information on https://www.gov.uk/search/all?keywords=my+tax+calculations

I am a qualified financial adviser. I’ve worked in the property industry dealing with and observing estate agents and solicitors for over 25 years. I understand how they work, what they want and how they can treat and advise you. Most are reputable and have integrity. However, as in life, there are some that are not quite as professional. I will guide you through the process and  I am here to answer any questions. I get a huge amount of satisfaction especially helping first time buyers. I feel it’s important to set someone up on the right foot. I hope you remain my clients for many years to come, when you are looking for assistance as a home mover.