Independent Specialist Mortgage Advice - Mortgages for First Time Buyers & Adverse Credit Mortgages

Specialist Mortgage Advice
We are qualified to give complete and independent unbiased advice on all types of mortgages and remortgages including commercial and bridging finance.

Our mortgage sourcing technology and lender relationships enable us to research the 'Whole of Market'. Whether you’re moving home or remortgaging, we can help you choose a suitable mortgage.

Also see our pages within this site on Mortgages; and Remortgages

Our Specialist Mortgage advice includes:
  • First Time Buyers Mortgages  
  • Adverse Credit / Sub Prime Mortgages
First-Time Buyers - Getting Your First Mortgage
Buying a house is one of the most important purchases you will make, and buying a home for the first time will be an even more daunting prospect. Add to this the vast array of mortgage products available from a wide range of sources, and you are left with a high-stress, confusing decision.

Getting a mortgage has become more difficult for first-time buyers in recent years, thanks to rising house prices. Even now, with residential property values set to stabilise or even fall in some areas, first-time buyers are instead faced with more difficulties when trying to secure a mortgage.

Gone are the days when first time buyers could simply times an annual salary by a set multiple to see what level of mortgage a lender would offer them. Affordability is now the key criteria behind most mortgage applications; this is a very important factor in ensuring that you can afford your first property.

Perhaps you haven't managed to save a decent deposit yet, or maybe you're worried you might not be able to afford a mortgage on your income alone. Even if this is the case, there are options open to you. These include sharing a mortgage, guarantor mortgages and special schemes for key workers or first-time buyers.

First time buyers need to know how much their commitments will be each month and this is where we can help by reviewing your total monthly commitments and costs with you.

Adverse Credit Mortgage / Sub Prime Mortgage / Non-conforming Mortgage
These are mortgages specifically designed for people who do not qualify for a mainstream mortgage from lenders. They may be suitable in a variety of situations – for example, if you have had credit problems in the past or have difficulty proving a regular or reliable income.

To a lender, your circumstances might not seem as bad as you might think they are and you may have more choice than you expect. Each lender will consider your application differently and they may look at a number of factors.

A broker can help you find the right mortgage for your circumstances, we provide advice and make a recommendation on a mortgage to suit your individual curcumstances.

Important issues for you to consider:
Remember you are responsible for paying back your mortgage and your home can be repossessed if you do not pay.

Make sure you can afford the repayments on your mortgage and remember that they could go up at the end of a fixed rate period or when interest rates change if you have a variable rate.

Make sure you get a mortgage that is the best available for your particular circumstances – not all 'adverse credit' situations carry the same level of risk, so don't choose a more expensive mortgage than you have to.

Please contact us for all your Independent Specialist Advice

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

BUY-TO-LETS, COMMERCIAL LOANS AND FINANCE, BRIDGING LOANS AND SECOND CHARGES NOT REGULATED BY THE FINANCIAL SERVICES AUTHORITY.

THERE MAY BE A FEE FOR ADVICE; A TYPICAL FEE WOULD BE BETWEEN £149 AND £248 DEPENDING ON THE TYPE OF ADVICE YOU REQUIRE AND YOUR INDIVIDUAL CIRCUMSTANCES.