First Time Buyer Mortgages

This is a big and exciting step for anyone going down the house purchasing route for the first time. As I am sure you will know, this is likely to be one of the biggest financial commitments that you are likely to make and it has to be right for you.

Our Process

The first step in the mortgage journey process is to arrange a meeting with us. Having this meeting does not commit you to anything, this is just so we can chat about your requirements and circumstances. We will explain all the costs involved including the level of savings you need to have for your deposit and other costs you will incur throughout the process. The level of borrowing that you might be able to achieve is based upon your current circumstances.

As well as discussing your mortgage requirements, we also review your protection options such as life insurance, critical illness cover and income protection.  This service is included in our mortgage process as we need to help ensure you are fully covered in case the worse was to happen.

When making any recommendations we will have already assessed your overall affordability carefully. We will take into account your mortgage commitment, associated insurances, utility bills and other outgoings that ensure you can continue to enjoy your lifestyle. We will discuss this with you when we review your finances and what you want to achieve going forward.

How did Sandy help? View from our client.

“Sandy asked comprehensive questions which enabled her to advise what property we could afford whilst still enjoying a quality of life. She completed the complex HTB application forms and also obtained a fantastic mortgage deal for us. When our solicitor delayed Sandy actively chased on our behalf, liaising between the developers, HTB and the mortgage provider. So just when we thought our property had been lost due to our incompetent solicitor Sandy and her team worked so hard to ensure we achieved completion.

Sandy Ameer-Beg is the Fairy godmother of Financial advisers. She did everything possible and we couldn’t have wished for a better Financial advisor.”

New Help to Buy Scheme Information

The Government’s Help to Buy Equity Loan scheme was launched more than seven years ago and has been a huge help to get people onto the property ladder.

However, the scheme was only ever intended to be a temporary way of helping buyers, and as such the Government are planning to phase out the Help to Buy scheme which will completely end in March 2023.

The first big change is that from 1st April 2021 a new Help to Buy England scheme will be launched which will only be available to first-time buyers purchasing a new build property (the changes don’t apply to the Help to Buy schemes in Scotland or Wales). As with the current scheme, the Government will lend buyers up to 20% of the cost of a newly built home, or up to 40% for those purchasing in Central London.

The second big change to Help to Buy England is the introduction of regional property price caps, with each area of the country having a maximum property value that will be eligible for the scheme as illustrated below:

Region Price cap for Help to Buy homes
April 2021 to March 2023
North East £186,100
North West £224,400
Yorkshire and The Humber £228,100
East Midlands £261,900
West Midlands £255,600
East of England £407,400
London £600,000
South East £437,600
South West £349,000

If you would like to know more about the Help to Buy Scheme, don’t hesitate to get in touch.

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We advise using CheckMyFile as we use a variety of lenders across the whole market. Each lender has their own credit agency that they use to assess your score and credit history. CheckMyFile uses multiple credit agencies which gives us a much clearer overview of your report as a whole and not just based on one particular agency. It will also give you a much clearer understanding of your overall credit position.

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Looking for something else?

Home Mover Mortgage

If you are looking to move home and want to see how much you can borrow, together with the associated costs of moving, then look no further.

Help to Buy

The Government has introduced “incentive schemes” such as the Help to Buy Equity loan, which is only applicable for new build properties. This is available for first-time buyers and movers.


It is vital that you protect that investment you will be working hard to maintain in the years ahead. As no one can predict the future, we would recommend that you consider protection that will help secure your investment.

Call us today to discuss your needs or send us your enquiry

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