First time buyers

Your first purchase can involve unfamiliar terms, competing deadlines and several separate costs. We help you understand what you may be able to borrow, prepare for the application and know what happens after your offer is accepted.

How much can I borrow?

Lenders consider your income, regular spending, existing credit commitments, credit history, and the property. Their calculations and criteria differ. We can review your circumstances and discuss a realistic borrowing range; a decision in principle is an early indication, not a guaranteed mortgage offer.

How much deposit will I need?

The amount depends on the property price and the mortgage options available to you. A larger deposit may broaden your options or affect the rate offered, but the right decision also depends on the cash you need for fees, moving, and an emergency reserve. We will help you look at the full budget.

Costs beyond the deposit

Allow for legal work, searches, a survey if you choose one, mortgage or valuation fees where applicable, moving costs and any property tax due. We will explain the mortgage-related costs before you apply. Your solicitor or conveyancer can confirm the legal and tax amounts for your purchase.

From offer to keys

Once your offer is accepted, we help you complete the mortgage application and provide the lender with the evidence it needs. The lender assesses you and the property before deciding whether to issue an offer. Your conveyancer handles the legal work, exchange and completion. We stay in contact about the mortgage throughout.

Frequently asked questions

When should I speak to an adviser?
It’s often useful to speak to an adviser before you start making offers, so you can understand your budget and prepare documents. You can also contact us once you have found a property.

What documents might I need?
Lenders commonly ask for proof of identity, income, deposit and regular commitments. The exact list depends on your employment and circumstances.

Will a decision in principle guarantee the mortgage?
No. A full application, checks and property assessment still have to be completed.

Let’s plan your first step

Please tell us where you are in your search. We can meet by appointment in Accrington or speak to you by phone or online anywhere in the UK.

Discuss Your First Home

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.