First-time buyer mortgages
Buying your first home is an exciting milestone, but we know it can feel overwhelming too. That’s why we’re here to make the process as smooth and straightforward as possible. At Sound Mortgages, we specialise in helping first-time buyers like you navigate the world of mortgages with confidence.
What We Offer
Expert Guidance
From understanding how much you can afford to finding the right mortgage deal, we’ll guide you through each stage of the journey.
Access to a Range of Lenders
As independent mortgage brokers, we have access to a broad selection of lenders, ensuring you get the best deal tailored to your unique circumstances.
Support for the Bigger Picture
Mortgages are just one piece of the puzzle. We’ll help you consider additional costs like stamp duty, solicitor fees, and moving expenses so there are no surprises along the way.
How We Help You
Get Started
Assess Your Budget
We’ll help you calculate how much you can borrow and create a realistic budget that works for you.
Explore Mortgage Options
With access to hundreds of deals, we’ll find one that meets your needs and goals.
Apply with Confidence
From preparing your documents to liaising with lenders, we’ll take care of the details so you can focus on your future home.
Ongoing Support
Even after you’ve secured your mortgage, we’ll be here to answer questions and provide advice.
Why Choose Us
Clear Communication
We break down complicated jargon into simple terms, so you always know what’s happening.
Tailored Solutions
Your financial situation and goals are unique, and we work hard to find a solution that fits.
Friendly Expertise
We believe in creating a stress-free experience by combining professionalism with a personal touch.
Making the most of being a first time buyer
There are many solutions to help first time buyers, from shared ownership to low deposit mortgages, many lenders have even brought out their own versions. There may also be reductions in stamp duty to help you buy your first home for less.
Frequently asked questions about insurance
This question comes up almost every time, we will go through your situation in detail and then carry out some research to work out what you can borrow, and more importantly - how much you can borrow while sticking within your monthly budget.
Advice is bespoke to each customer, we will tailor the mortgage we recommend to your individual needs. In some cases the long term stability that a 5 year fixed rate offers is very important, in other cases you may have plans to move in 2 years time, giving you the freedom to not be tied down to a lender when it comes to move.
This does come up a lot! What we do is search the market for the best deal that meets your needs and with a lender that is highly likely to grant the mortgage. There are many mortgage rates out there that are actually specific to a certain type of property, buying scheme, minimum income, specific postcodes only, certain occupations, the list goes on.
Debts always eat into your disposable income, and your disposable income is one of the things that lenders use to work out how much you can afford. Each £1 you spend on a mortgage typically goes a lot further than it would on a credit card or loan. For example, a £10,000 credit card may be costing you around £500 per month, a £100,000 mortgage over 35 years at 5% is also around £500 per month.
Please run your life decisions by your adviser when applying for a mortgage, and even after it has been agreed. A new job may come with a probationary period and this could cause the mortgage to be declined or the offer withdrawn.
Guarantor mortgages tend to be replaced by a product called Joint Borrower Sole Proprietor (JBSP) mortgages, these basically allow other people to be added onto the mortgage to support how much you can borrow, but leaving the helper off the deeds so they will not be an owner. This can make a big difference to what you can borrow, but is a huge commitment for the helper who will be jointly responsible for your mortgage, this naturally impacts what they can borrow themselves. For these mortgages, independent legal advice will always be needed for the helper to ensure they know what they are signing up for.
Ready to Begin Your Homebuying Journey?
Buying your first home doesn’t have to be daunting. Let us help you take that first step with expert advice and personalised support.
Contact us today to schedule a free consultation and start your journey toward home ownership!
Request a callback
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Don’t take our word for it...
We have over 200 verified five-star reviews!
Mark has been part of our Mortgage journey for a very long time, we moved business just to keep him as our advisor. He has always provided a calming voice in the madness of house moves and re-mortgages. We highly recommend Mark and Sound Mortgages Ltd!
Our financial advisor, Mark Burge, has provided us with solid and trustworthy advice for many years. We've presented him with a variety of requirements specific to each purchase and/or remortgage and his consistency never fails us. He offers a professional yet friendly approach whilst listening to our particular needs and providing great products/solutions.
Sammy was absolutely brilliant, she made the impossible happen.very supportive , professional and has given us some great advice while always offering us alternative ideas. We would highly recommend to anyone.