First Time Buyer mortgage advice
Buying a home is a very daunting task. Where do you start? The first time buyer mortgage process can seem very complicated, especially for first time buyers, leaving you feeling frustrated and hopeless.
We are here to help you get a first time buyer mortgage. Not only is our standard residential mortgage advice completely fee free, we have over 500+ Star reviews from our customers as well as picking up 4 awards now for being the Derbyshire Mortgage advisers of the Year.
We are here, 100% to hold your hand through getting a first time buyer mortgage as well as dealing with solicitors and estate agents.
NO FEE MORTGAGE ADVICE YOU CAN TRUST
EXPERTS IN YOUR AREa
So if you live in Belper, Duffield, Little Eaton, Ashbourne, West Hallam, Ilkeston, Heanor, Ripley, Langley Mill, Loscoe, Codnor, Riddings, Leabrooks, Somercotes, Alfreton, Pinxton, South Normanton, Tibshelf, Crich, Matlock, Matlock Bath, Cromford, Wirksworth, Hulland Ward, Ashbourne, Swadlincote, Burton, Lichfield, Buxton, Chapel-en-le-Frith, Chesterfield and Derby you know that you can trust us to look after something that’s life-changing.
What’s included in our services?
Expert Advice
Personalised Approach
Comprehensive Support
Why Choose Peak Mortgages for First Time Buyer Advice?
Mortgage Options
Affordability Assessment
Pre-Approval Process
First-Time Buyer Incentives
Ongoing Support
What are Clients Say
The First Free Consultation for First Time Buyer Mortgage Advice
Simply get in touch with us by phone, messenger or email and we’ll book an initial consultation either in person at the Belper Office or over a video call anywhere in the UK. We are here for you when you need us to make the process as stress-free as possible.
That way we can answer any questions you may have, work out what is possible and talk you through the process. We’ll even send you out with a ‘passport to buy’ so that you can send evidence to any estate agents that you’re a serious buyer. We’ll even go that extra mile to help you with things like putting in an offer and give our advice on who the top solicitors to use are for your conveyancing.
If you are a first time home buyer and want to find out why Peak Mortgages and Protection is a 5 star Reviewed brand who have been finalists or won so many awards, get in touch with our first time buyer mortgage advisors today.
And remember – don’t pay more for less.
P.S. We even provide complimentary beers in the office and office puppies to fuss!”
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Frequently Asked Questions
A first-time buyer mortgage is a type of mortgage specifically tailored for individuals who are purchasing their first home. These mortgages often come with specific benefits and incentives to assist first-time buyers in achieving homeownership.
The amount you can borrow for a mortgage depends on various factors such as your income, credit history, and the property’s value. Lenders also often consider your debt-to-income ratio to determine the loan amount you qualify for.
A fixed-rate mortgage offers a set interest rate for a predetermined period, usually ranging from 2 to 5 years. This means your monthly payments remain the same throughout the fixed-rate period. On the other hand, a variable-rate mortgage has an interest rate that can fluctuate over time based on market conditions.
A mortgage Agreement in Principle is an initial assessment by a lender to determine the amount they are willing to lend you based on your financial situation. An AIP gives you a better understanding of your budget, strengthens your negotiating position when making an offer, and speeds up the mortgage application process once you find a property.
Yes, several government programs and incentives are available to first-time buyers. These programs aim to assist with deposits , offer lower interest rates, or provide other financial benefits. Our mortgage advisors can guide you through the various options and help you determine if you qualify for any of these incentives.
In addition to the deposit , there are other costs to consider, such as solicitor costs , which include fees for valuations , legal services,, and more. It’s important to budget for these expenses when planning to purchase a home but we will discuss these with you.
The mortgage process can vary depending on several factors, including the lender’s efficiency, the complexity of your financial situation, and the property’s valuation process. On average, it takes around 2 weeks to obtain a mortgage offer from initial application , but it can take longer in certain cases.
While having a good credit score is advantageous when applying for a mortgage, there are lenders who offer mortgage options for individuals with lower credit scores. Our advisors can help you explore these options and assist you in improving your creditworthiness if necessary.
Our expert mortgage advisors specialise in assisting first-time buyers like you. We provide personalised advice, guide you through the entire mortgage process, help you explore suitable mortgage options, assist with Agreement in Principles, and offer ongoing support to ensure you make informed decisions and achieve your homeownership goals.