Mortgages for First Time Buyers

Buying your first home can be quite a daunting process. But at Hey Mortgages, we stand beside you every step of the way. Working with us means you’ll be able to access a wider range of first-time buyer mortgages, including some exclusives that are not available on the high street. Not only that, but our advice spans the entire purchasing process – from getting a mortgage approved right through to completion.

So, if you work with us you can be sure you’re in really safe hands.

The House Buying Process

Here’s a helpful video on the house buying process and what’s involved. Dont worry if it seems a complex, thats why we are here to guide your through it.

Preparation & Improving your Mortgage Prospects

We know the mortgage application process inside out, we can provide early advice to help you get mortgage ready.

In fact, we encourage first time buyer clients to have a chat with us a year or two ahead of being ready to purchase. That way we can run through your credit history, and discuss the best ways of managing finances in the run up to the mortgage application. This means that when we submit the application, it’s much more likely to succeed.

Check out our article: Professional Advice on Managing Your Household Budget

As a first time buyer, how much can I borrow?

One of the first questions first time buyers ask is “how much can I borrow?” We have expert knowledge on how lenders assess affordability. It can be very motivating to have a figure in mind, so give us a call to get a ball park figure of what you could borrow, based on current earnings.

Bear in mind that we have access to some exclusive mortgage products that are unavailable on the high street or direct from lenders. All of this means more money for your new dream home!

We also offer expert advice on other aspects of the mortgage and moving process too. Like whether it’s better to obtain a new mortgage, or stick with your current lender and port your old one. Whether a tracker or fixed rate might be better for you. And which mortgages are best for the self-employed or your particular circumstances.

Help to Buy and homeownership schemes.

We’re well versed on the government-backed schemes which can help you buy your first home, including Help to Buy: Equity Loan and Help to Buy: Shared Ownership. The Help to Buy ISA has now closed to new applications, but if you opened an account before November 30th 2019, you can still save into this until November 2029.

First time buyer mortgage advice.

Saving money is important when you’re buying a new home. Did you know that first time buyers don’t have to pay stamp duty on house purchases up to £300,000? If you’re buying a shared ownership home, that threshold jumps up to £500,000.

In addition to this, certain properties are actually not eligible for mortgages for various reasons including construction type and the condition of the property. When you work with us, we will let you know which ones to avoid. There’s nothing worse than investing emotionally in a home which a lender is unlikely to provide capital for. Its another reason to get in touch early on your property purchasing

Holding your hand through the mortgage application process.

When we’ve found a deal that suits your circumstances, it’s time for us to submit your mortgage application. We take care of the submission itself, so you can relax knowing your application in in safe hands.

To date, we’ve never had a mortgage refused due to criteria by a lender that we’ve submitted. If you work with us, you can be confident that if we advise you on a deal, you’re likely to be accepted for it by underwriters.

With you right through to completion – and beyond.

And we don’t just stop after you received your mortgage offer. We often worked directly with solicitors and estate agents right up to completion. This ensures you’re supported properly through the whole process and it goes as smoothly as possible.

We also provide sound advice on how to protect your new assets with the appropriate insurance, to match your needs.

How the first time home buyer process works.

Give us a call or drop us an email and we can arrange an initial phone conversation, at a time to suit you. During this call we determine your circumstances and needs, and offer initial advice on your current situation.

Once we’ve reviewed your paperwork, we review the market and create a recommendation for you. When you’re happy to proceed, we submit the mortgage application on your behalf and work directly with lenders to obtain the offer. Once you’ve accepted this, we work directly with you, your mortgage company, estate agents and solicitors right up to completion.

Let us help you. Give us a call today on 0161 399 0198.

Have a read of what our customer have to say about us.

Hey Mortgages IconHey Mortgages

Adamson House, 106 Wilmslow Road, Didsbury, Manchester

4.8 26 reviews

  • Avatar Hanni Brett ★★★★★ a month ago
    I can't believe how helpful Thomas has been. So easy- Thomas did everything for me. He spent so much time on the phone talking through my situation and giving great advice, then found me an amazing deal. Highly recommended.
  • Avatar Jimmy Walshaw ★★★★★ 5 months ago
    Really pleased with Thomas’s help. I was struggling with finding the right deal to suit my needs when renewing and the advice he gave was really helpful. I now have a deal which suits me for the current period and is flexible enough to … More change. I have saved money each month and have a much clearer picture of my options once my current offer expires. Would 100% recommend and will be using him again.
  • Avatar Joey Crone ★★★★★ 4 years ago
    Genuinley can't speak highly enough about Thomas. To say he went over and above for us is an understatement.
    He was proactive, knowledgable and diligent throughout our house move and helped us enormously with his experience and
    … More his good humour.
    Honestly, let him sort your mortgage. There won't be a better option.
  • Avatar Anthony Chiu ★★★★★ 4 years ago
    We found Thomas through a recommendation and he has been professional and friendly throughout our remortgaging process, offering us sound financial advice along the way. We also didn't give him much time before our existing mortgage's … More fixed rate period was due to end, but he's managed to speed things up - we really appreciate this!
  • Avatar Dan Jones ★★★★★ 4 years ago
    Great service and support. We had a complicated set of needs and our advisor couldn't have been more helpful. Great attention to detail. Would highly recommended
  • Avatar Harry Mustoe ★★★★★ 4 years ago
    We have used Thomas for a number of private and business mortgages. Thomas is a personable and knowledgeable advisor. There is no hard sell just a clear overview of the options. Once you choose a mortgage Thomas drives things personally … More ensuring minimum hassle and on time completion!
  • Avatar runninglate100 . ★★★★★ 4 years ago
    Couldn't have asked for better advice and support to buy my first house and negotiate my recent remortgage. Trustworthy, honest and clear explanations through the whole process. Thank you Cai!
  • Avatar pontdain . ★★★★★ 4 years ago
    Thomas at Hey Mortgages has now successfully brokered two mortgages for me and they were both arranged with a minimum of hassle.