What you need to know when you’re
buying you first home and applying for your first mortgage.
At Mortgage To Home we want to make sure this process is an exciting time not a stressful time! We will advise on the whole process for buying your first home. This includes how much deposit you will need, setting a budget with you and even finding a solicitor for you.
When you are starting out on the process of buying your first home it’s important to be realistic in what you can afford.
The first step is always to find out how much you can borrow. Most estate agents nowadays will want an agreement in principle before you can even view any potential properties. This in most cases will leave a soft foot print on your credit file, but will determine exactly how much you can borrow and how much deposit you will need.
For more information on our first time buyer mortgages in Huddersfield, give us a call on 07868 110653 or fill in our Appointment Form where you can choose between a phone call, Zoom session or a Facetime call.
Frequently asked questions.
We’ve put together a list of all the most
commonly asked questions in the mortgage
and protection industry, so you don’t have
to spend ages trying to find the answer
that you need.
For a residential mortgage you will need at least a 5% deposit. If you are looking at a buy to let mortgage the minimum required is 20% at present.
If you go direct to a bank you are only able to access their specific products and their individual criteria. A broker has access to 1000’s of products and an extensive knowledge of criteria. This can save you so much time and money.
They also know the documents needed and the timescales each lenders are working towards. Brokers are invaluable and worth every penny.