Mortgages

First-Time Buyer Guide

Everything first-time buyers need to know about getting a mortgage in the UK, from deposits to stamp duty relief.

1:408 January 2025
Chapters
0:00Deposit Requirements
0:25Credit Score Preparation
0:50Affordability & LTV
1:15Common Mistakes to Avoid
Video Transcript

A complete guide for UK first-time buyers covering: deposit requirements (typically 5-10%), Help to Buy alternatives, stamp duty relief, credit score preparation, what lenders look for in your application, and common mistakes to avoid. We explain loan-to-value ratios, affordability calculations, and why getting an agreement in principle before house hunting matters.

About Mortgages

Understanding mortgages is essential for anyone buying a home in the UK. From fixed rates to tracker mortgages, deposit requirements to affordability assessments, there are many factors to consider when choosing the right mortgage for your circumstances.

Working with a mortgage adviser gives you access to the whole market and expert guidance through the application process, helping you secure the best deal for your situation.

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Your home may be repossessed if you do not keep up repayments on your mortgage.