First-time buyer mortgages

A first-time-buyer mortgage is a type of mortgage loan that is specifically designed for individuals who are buying their first home. These mortgages are aimed at helping first-time buyers get onto the property ladder, and often come with certain incentives, such as lower interest rates, reduced fees, and more flexible lending criteria. First-time-buyer mortgages typically require a lower deposit than other types of mortgages, making it easier for individuals to save up for a down payment. Additionally, some first-time-buyer mortgages may allow parents or other family members to act as guarantors, providing additional security for the lender. It is important to note that eligibility requirements for first-time-buyer mortgages can vary depending on the lender and the country in which the property is located. In some cases, first-time-buyer mortgages may be restricted to certain types of properties, such as newly built homes. As such, it is important for first-time buyers to carefully research their options and consult with a mortgage advisor before making any decisions. Moneybrain Advice Ltd is Authorised and Regulated by the Financial Conduct Authority in respect of mortgage and insurance advice (FRN 940441).

There are a number of options available to you, and we would strongly suggest that you speak to one of our experts to discuss your requirements. Simply click 'Enquire', complete the simple form, and one of the team will contact you directly to discuss your options and tailor a solution.

Moneybrain Ltd is regulated by the Financial Conduct Authority as a credit broker, and will introduce you to Moneybrain Advice Ltd. When your mortgage completes, Moneybrain Ltd will be remunerated for that introduction by Moneybrain Advice Ltd. There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed. Your home may be repossessed if you do not keep up repayments on your mortgage.

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