Experts In First Time Buyer Mortgages
We understand that first time buyers need a little bit extra hand holding throughout the mortgage process so that’s exactly what we will do for you.
First Time Buyer Mortgages in Basildon
Are you a first time buyer looking for a mortgage?
Our first time buyer mortgage advisor is here to help.
01268 387898
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it
First Time Buyers
Whether you have a 5% or 20% deposit we can help you find the right mortgage. As a first time buyer it can be daunting to know who to turn to. Our advisor will take into account your personal circumstances and search the market to find the right mortgage product.
We can answer any questions you may have and we will take care of the whole process from start to finish.
If you have bad credit we have lenders who have specific eligibility criteria which may suit your circumstances.
How We Can Help
As a specialist independent mortgage advisor we work with lenders from across the whole market, including those who specialise in offering mortgages to first time buyers or those with low deposits.
Buying a home is stressful, especially if you are a first time buyer, dealing with lawyers, arranging the move, and of course finding a mortgage. A Little Mortgage Advice are here to reduce that stress and help you find the perfect mortgage for your first home.
We will hold your hand throughout the whole process
Our Great Customer Reviews
Why Choose A Little Mortgage Advice?
Specialist Advisor
We’re a specialist independent mortgage broker with access to all U.K. mortgage lenders, meaning that we search the whole of the market to find you the best mortgage product to suit your individual circumstances. A Little Mortgage Advice Brokers really do go that extra mile for our customers.
Personalised Service
As a small, independent mortgage advice brokerage, you will have a dedicated mortgage advisor who will stay with you throughout the mortgage process. We dedicate the same amount of time to each customer, never leaving you waiting, responding quickly and answering all of your questions so you feel comfortable and confident that you are in safe hands.
Five-Star Reviews
Every customer interaction, email, and phone call is important to us. We pride ourselves on offering a five-star service at all times, our reviews speak volumes and so do the awards that we have won for outstanding service.
No Obligation Quote
We offer a free no-obligation quote and helpful advice throughout the process. So, finding out if we’re the right fit for you won’t cost you a penny. Its as easy as picking up the phone and giving us a call, you have nothing to lose and a lot to gain because our mortgage advisors are qualified and experienced.
Get Your Credit Report
Obtaining a credit report to help give you the best chance of getting the right mortgage. At A Little Mortgage Advice, we recommend checkmyfile because of their reliability and accuracy of reporting.
Click the link below to start your 30 day no obligation free trial.
*A Little Mortgage Advice receives a small fee from checkmyfile. Monthly fee of £14.99 applies after your free 30-day trial. You may cancel at any time without charge by Freephone, Secure Message, email or online. The free 30-day trial applies only to new customers aged 18 years or more who are living in the UK. The 30-day free trial period starts when you register.
Welcome to A Little Mortgage Advice
Buying your first home is really exciting but navigating all the complexities of choosing and then applying for a mortgage can be overwhelming. Luckily for you, we are here to help you every step of the way. We’re A Little Mortgage Advice, an experienced mortgage advisor for first time buyers in Basildon, here to help buyers in this part of Essex secure a mortgage that is the perfect fit for them.
What You Need to Know About First Time Buyer
Mortgages in Basildon
As the name suggests, first time buyer mortgages are designed for individuals purchasing their first home. You may see perks such as lower deposit requirements and favourable interest rates on these kinds of mortgage products. To qualify as a first-time buyer, you’ll need to have not owned property before. There are a wide range of options out there, which we will cover next.
Exploring the Different Types of First-Time
Buyer Mortgages
There are lots of different first time buyer mortgages out there, and choosing one can be hard. To make it easier, we’ve defined them as one of the two following types:
Fixed-Rate Mortgage
A fixed-rate mortgage locks in your interest rate for a specific period – usually between two and five years. This means that your monthly repayments will remain the same for the entire term, making it easy to budget and offering stability.
Variable-Rate Mortgage
If you choose a variable-rate mortgage, your interest rate will be in line with any changes to the Bank of England’s base rate. This means your monthly repayments may go up or down, but these kinds of mortgages often offer lower starting rates. Types of variable rate mortgage include:
- Tracker variable rate mortgages
- Standard variable rate mortgages
- Discounted variable rate mortgages
Our Mortgage Advice for First Time Buyers in
Basildon
You hear so much about how hard it is to get a mortgage, and there’s no doubt that you have to meet a lot of criteria. However, doing the following can really help you to secure a favourable deal:
- Having a set budget
- Check your credit score
- Improve your credit if necessary
- Save as much as possible for a deposit
- Secure an agreement in principle
How We Can Help
Having an expert team in your corner can make the whole process so much more straightforward. We are a leading first time buyer mortgage advisor in Basildon, and we tailor our approach to suit your needs. We’ll get to know you and gain an intimate understanding of your finances, so that we can match you to the best possible lenders. We have access to all UK lenders too – and the best thing? If we can’t find the perfect mortgage for you, you won’t have to pay us a penny!
Talk to Us Today
If you’re looking for expert advice for a first time home buyer in Basildon that’s delivered with compassion and a smile, contact us today. We can’t wait to hear from you!
FAQs
Is a fixed or variable rate mortgage better for
me?
As leading providers of mortgage advice for first time buyers in Basildon, we are often asked this question. As a general rule of thumb, if interest rates are set to go up, locking into a fixed rate agreement is a good move for the immediate future. If interest rates are forecast to go down, a variable rate agreement might be a better option.
Of course, the financial landscape can change quickly. We advise those who want to be exactly sure of what they are going to pay each month to choose a fixed rate mortgage, and those who can be more flexible and are willing to take a risk would be suitable for a variable rate product.
Why does working with a mortgage broker help?
When you work with a broker, you stand a much higher chance of being approved for the mortgage you want. This is because we make sure that your application is completed successfully and will only point you in the direction of mortgages that are a good fit for your unique circumstances.
We also have access to all UK lenders, so you can take advantage of our connections to products that you might not have been able to access alone. With expert advice on offer at every stage too, there is always someone to turn to with your questions.
I have bad credit – how do I improve it?
More and more people are struggling with bad credit, and it can feel like an impossible hole to dig yourself out of. Your credit rating does matter when trying to secure a mortgage, so it’s a good idea to do the following if yours is less than ideal:
- Make sure you are on the electoral roll
- Don’t take out any new credit applications
- Pay your bills on time
- Keep old accounts open and show a long credit history
- Consider getting a credit builder card
- Check your credit score regularly
- Dispute any inaccuracies on your credit report
Remember, paying your mortgage on time every month can also improve your credit score over time!