Mortgages for first-time buyers

Jobs, homes, incomes – they don’t look like they used to

You might work freelance, or have a temporary contract. You might rely on bonuses, overtime or tax credits to top up your wages. Your parents might be helping you out with your deposit.

There’s nothing unusual about any of these things, anymore. But some lenders aren’t keeping up with our changing lifestyles.

And that could make getting a mortgage harder than you realised.

Our common sense approach

You’re not just a credit score. So we look at the bigger picture, and get to know the person behind the numbers instead.

After all… if the sums show you can afford it, we think you should have it.

It sounds obvious when you put it that way. But it means we’ve helped lots of people buy their first home over the years, when others couldn’t. Download our guide.

Overall cost for comparison

For example: A mortgage of £106,800 payable over 17 years, initially on a fixed rate for 5 years at 5.6% (and then on a tracker rate for the remaining 12 years at 0.5% above the Together Homeowner Managed Rate (THMR)) would require 60 instalments of £833.14 followed by 144 monthly payments of £822.03 plus a redemption administration fee of £110.00.

The total amount payable would be £168,471 made up of the loan amount (£106,800) plus interest on the loan (£57,455), arrangement fee (£2,670) plus interest on this fee (£1,436) and the redemption administration fee (£110.00).

The overall cost for comparison is 6% APRC representative.

The actual rate available will depend upon your circumstances. Ask us for a personalised illustration.