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We know that getting onto the property ladder can seem daunting, however we are here to guide you through the process. We will help you to understand what you are able to borrow, the types of mortgage products available and what would be most suitable for you. We understand for a first time buyer, there’s a lot of jargon which may seem daunting, but we are here to explain this to you so that you don’t have to figure it out by yourself. When you are ready to begin your home buying journey, we will work with you throughout the entire process, until the day that you have the keys in your hand.
With a fixed-rate mortgage, the interest rate remains constant for a set period (usually 2 to 5 years). This offers stability and predictability in monthly mortgage payments, allowing you to plan your finances as a first time buyer with confidence.
Assess your finances, considering your income, monthly expenses, and potential future changes. Use online calculators to estimate the mortgage amount you can comfortably afford.
A a first time buyer, saving for a deposit is an essential component of securing your first mortgage. The larger the deposit, the better the mortgage terms you may be eligible for.
Maintain a healthy credit score by paying bills on time and managing your debts responsibly. A good credit score increases your chances of getting approved for a mortgage at favourable rates.
Decide between a shorter-term mortgage (e.g., 25 years) or a longer-term mortgage (e.g., 30 years). Shorter terms mean higher monthly payments but result in paying off the mortgage faster.
We assisted clients who had a seasonal income to secure a first time mortgage for their family home, they were delighted we were able to find a lender who was comfortable with their non-standard income and they were able to purchase their dream home.
First charge regulated mortgages – We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
Second charge regulated mortgages. We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
BTL & CBTL unregulated mortgages. We will provide advice and make a recommendation for you after we have assessed your needs and circumstances.
Please note that our recommendations with respect to Buy to Let are restricted to helping you arrange a suitable mortgage. We will not advise you about whether or not the property you plan to buy and let out to tenants, will turn out to be a sound investment.
Insurance – We will provide advice and make a personal recommendation for you after we have assessed your need sand circumstances. We provide an intermediary service and act on your behalf.
Mortgages – We are not limited in the range of mortgages we will consider and offer advice on for you with respect to first and second charge regulated mortgage contracts for both business and non-business purposes, as well as unregulated BTL and CBTL mortgage contracts. In circumstances where you are looking to increase existing borrowing, the following options, on which we may not be able to advise, may be more appropriate: A further advance from your existing lender. An unsecured loan.
Insurance – We recommend products based on a fair and personal analysis for term assurance, critical illness, income protection, family income and non-profit whole of life
There are so many Brokers in the market, what makes Your Mortgage Consultants different?
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The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
You may have to pay an early repayment charge to your existing lender if you remortgage.
The Financial Conduct Authority does not regulate some aspects of buy to let mortgages.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
Your Mortgage Consultants Limited is registered in England and Wales. No. 14109222. Registered Office: 41-43 Market Place, Chippenham, Wiltshire, SN15 3HR.
Your Mortgage Consultants Limited is an Appointed Representative of Cornerstone Finance Group Ltd, which is authorised and regulated by the Financial Conduct Authority.
Cornerstone Finance Group Ltd is registered in England & Wales. No. 08458702. Registered Office: Unit E Copse Walk, Pontprennau, Cardiff, Wales, CF23 8RB.
Your Mortgage Consultants Limited (No. 979284) and Cornerstone Finance Group Ltd (No. 767202) are entered on the Financial Services Register at https://register.fca.org.uk/
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