HLW Financial Services Ltd offers professional and friendly mortgage and protection advice. Whether you are a first time buyer, home mover or looking to review your existing mortgage I can help you find the right mortgage and to ensure that you and your family are financially protected.

First time buyer

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You may find buying your first home a little bit daunting.  With the challenge of finding your first property, choosing the right mortgage, selecting the best solicitor and making sure the whole process runs smoothly, you may find the information below useful to help you achieve the first rung of the property ladder.

The first step is to contact me and I will advise you on the mortgage options available to you.  It doesn't matter if you haven't found a property just yet, I can provide you with some facts and figures that will help you select the property within your price range.

In the meantime I've outlined below some background information on mortgages for first time buyers that I hope you'll find useful.

 

How much can you borrow?

The amount of mortgage you can get depends on your income.  Lenders look at how much you can afford based on your income and outgoings. Lenders who look at what you can afford, base this on the number of people and any loans or debts that you have outstanding.  Some lenders offer very good deals for first time buyers, so it is always worth asking me to research the market on your behalf.

 

What other costs do you need to be aware of?

It is also worth remembering the additional costs, on top of your deposit and mortgage that you will be expected to pay.

For example, you may have to pay stamp duty for the property which you are purchasing.  The amount of stamp duty varies depending on the price of the property.

Plus you will have to pay for the survey and the valuation of the property, and solicitor's fees.

You may also have fees to pay to the lender for your mortgage.  These could be an arrangement fee and/or booking fee.  Contact us to find out how much these fees may be.