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 Brentwood
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 a big milestone, but navigating the mortgage process can be daunting. Understanding your mortgage options and getting the right advice is vital – and that is where we come in. We are a leading first time buyer mortgage advisor in Brentwood, offering tailored support to all kinds of buyers looking to secure their first step on the property ladder.
What Are First Time Buyer Mortgages?
First-time buyer mortgages, as the name suggests, are designed specifically for people who are purchasing their first home. They often come with added incentives such as lower interest rates and smaller deposits to help ease the financial burden of getting on the property ladder.
For many, securing a mortgage is the biggest financial commitment they will ever make, so it’s crucial to choose the right one. That’s where our mortgage advice for first time buyers in Brentwood comes in.
Types of First Time Buyer Mortgages in Brentwood
There are several types of mortgages that first-time buyers in Brentwood can choose from, each suited to different financial situations and needs:
Fixed-Rate Mortgage
With a fixed-rate mortgage, your interest rate remains the same for a set period, usually between two and five years. This provides stability, as your monthly payments won’t change, making it easier to budget. After the fixed term ends, you’ll usually move to the lender’s standard variable rate (SVR) unless you remortgage.
Variable-Rate Mortgage
A variable rate mortgage means that your interest rate can change over time. There are different types of variable rate mortgages, such as:
- Tracker Mortgages: These track the Bank of England base rate, so if the base rate rises, so will your mortgage payments, and vice versa.
- Standard Variable Rate (SVR): Your interest rate will fluctuate at the lender’s discretion.
Our Advice for a First Time Buyer in Brentwood
We recommend that anyone looking to buy their first home in this part of Essex does the following to make the process as smooth as possible:
- Save a larger deposit
- Understand the total costs of buying a home
- Check your credit score
- Get a mortgage agreement in principle
Why Use a Mortgage Advisor for First Time Buyers
in Brentwood?
Navigating the mortgage market can be confusing, with countless products and lenders available. That’s where a mortgage broker can help. When you choose us, you can benefit from our access to every lender in the UK. Rather than approaching all of these lenders yourself, we will do the legwork for you, comparing different deals and handling the paperwork.
Everyone’s financial situation is different, and we will tailor our advice to your unique circumstances, helping you secure the best mortgage for your needs. We will guide you through the process, explaining all the details and making sure you understand your options
Secure Your First Time Buyer Mortgage Today
If you’re a first-time buyer in Brentwood looking to get on the property ladder, get in touch with us today! Remember, if we can’t find you a mortgage, you don’t have to pay us a penny!
FAQs
What information do you need from a first time buyer in Brentwood?
We will ask for details about your financial situation to understand what you can afford and find you the right mortgage. We’ll chat about your income and your monthly outgoings, including household bills, loans, and credit card payments.
We will also want to know about your credit history and how much you have managed to save for a deposit. If you have debts, we will need to know the amounts and any repayment plans. There’s no fear of judgment when you choose us – we’ll look at the information you give us with care and compassion.
What moving costs are people often unaware of?
Many first-time buyers focus on saving for a deposit but forget about other costs associated with moving. Legal fees for solicitors, valuation costs, and property surveys can all add up. You’ll also need to budget for moving services, whether that is hiring a removal company or renting a van.
Any necessary home improvements should be considered too! It’s important to factor in utility setup costs and new furniture, as these can catch people off guard when budgeting for their first home. Luckily for you, we’re here to break down these costs for you and help you see what you can truly afford.
What can a first time buyer with bad credit do?
If you have bad credit, securing a mortgage may seem challenging, but it’s not impossible. Start by checking your credit score and taking steps to improve it, such as paying off debts and ensuring bills are paid on time. You should also check that there are no discrepancies.
Consider saving a larger deposit, as this can improve your chances of approval. Seeking advice from a mortgage broker like us can also help you, as we know which lenders are willing to provide mortgages to those with less-than-perfect credit. Again, there’s no judgement from us – we’re just here to help you find the best deal!