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 Southend
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 can be exciting yet overwhelming, especially when it comes to mortgages! We are A Little Mortgage Advice, a mortgage advisor for first time buyers in Southend. We specialise in helping first-time buyers in this part of Essex secure the perfect mortgage for their needs.
What is a First-Time Buyer Mortgage?
So, what are first time buyer mortgages in Southend? These types of mortgages are specifically designed for individuals purchasing their first home. Lenders often provide special deals and incentives on these kinds of mortgages, such as lower deposit requirements and favourable interest rates. To qualify as a first-time buyer, it goes without saying that you must not have owned a property before. Lenders offer a range of products to suit different needs, so understanding the options available to you is crucial to making an informed decision.
Types of First-Time Buyer Mortgages
There are several types of mortgages available to first-time buyers, and each of them comes with its own benefits. The main types are as follows:
Fixed-Rate Mortgage
A fixed-rate mortgage offers stability by locking in your interest rate for a specific period. This is usually between two and five years. This means your monthly repayments will remain the same during the fixed term, making it easier to budget.
Variable-Rate Mortgage
With a variable-rate mortgage, the interest rate can fluctuate depending on changes in the Bank of England’s base rate. This means your monthly repayments may go up or down. Variable-rate mortgages often offer lower starting rates.
Tracker Mortgage
A tracker mortgage follows the Bank of England’s base rate, meaning your interest rate will increase or decrease in line with it. Tracker mortgages can offer lower rates during periods of low base rates, which has made them very popular.
Mortgage Advice for First Time Buyers in
Southend
Trying to secure a mortgage can be daunting, but there are some things that will make the process a lot easier. We recommend that buyers in Southend do the following:
- Know their budget
- Check their credit score
- Take steps to improve their credit if necessary
- Save for as big a deposit as possible
- Get an agreement in principle
Don’t worry, we’re here to talk you through all of those!
How a Mortgage Broker Can Help
Working with a mortgage broker like A Little Mortgage Advice can take so much stress and uncertainty out of the process of finding a mortgage. As a leading first time buyer mortgage advisor in Southend, you can expect tailored support when you choose us. We’ll get to know your financial situation and long-term goals and find a mortgage that is the right fit for you. We have access to all UK lenders, and if we can’t find one for you, you won’t have to pay us a penny!
We’re Here to Help
If you’re looking for compassionate, informed advice for a first time home buyer in Southend, talk to us today! You’re much more likely to be approved when you work with a broker, so choosing us is a smart choice.
FAQs
What kind of mortgage is best for me?
Choosing the right mortgage depends on a wide range of factors, including how much of a deposit you have and how high your risk tolerance. If you want predictable monthly payments, a fixed-rate mortgage is the best choice. If you’re happy with some of the monthly savings potential rate changes could bring you, a variable or tracker mortgage is a great option.
Consulting with us can help first time buyers in Southend like you to gain a clear understanding of all the choices that are available to you, ensuring that you select the mortgage that best fits your needs.
How can I improve my credit score before buying
a home?
Your credit score plays a key role in determining what kind of mortgages you are eligible for, and the interest rates offered by lenders. To improve your credit score before applying for a first-time buyer mortgage in Southend, start by checking your credit report for errors and disputing any inaccuracies.
Now, the hard work begins! You should pay off outstanding debts, especially credit cards, and make sure to pay all bills on time. It’s also a good idea to keep your credit utilisation low and avoid applying for new credit cards or loans before applying for a mortgage. By doing all of this, you increase your chances of securing a mortgage with favourable terms.
How can a mortgage broker help me?
We help first time buyers in Southend by simplifying the mortgage process and finding the best deal for their circumstances. We will take a close look at your financial situation, explain the different mortgage types available, and then advise you on the most suitable options.
We are also on hand to deal with paperwork, manage the application process, and liaise with lenders on your behalf. Working with a broker can save you time and ensure you secure a mortgage that is the perfect fit for you. You also have a much higher chance of being approved, making our services a worthwhile investment.