Home > Mortgages > First Time Buyer Mortgages


Borrow £25,000 to £500,000.
Property Purchase and Re-mortgages.
CCJ's, Defaults and Missed Payments.
Mortgage Arrears.
No Initial Credit Check.


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We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your mortgage

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your mortgage being accepted

Customer Reviews


By making an enquiry we will contact you to discuss your needs and outline if we can be of assistance. We will then request a copy of your credit file for a qualified adviser to review. After a full review of your credit profile the adviser will discuss this with you, provide advice and discuss possible quotations. If you wish us to proceed and get a ‘Decision in Principle’ we can do so. Once we have a decision from the lender we will discuss and email you a formal quotation and outline our process going forward.
We have lenders that will accept clients who have had County Court Judgements (CCJ’s), Defaults, Missed payments, Debt Management Plans (DMP), Individual Voluntary Arrangements (IVA) and discharged bankruptcy. The general rule is that any bad credit needs to be registered over a year ago.
Yes. You will need a minimum of a 10% deposit however, this is does depend on the level of bad credit that you have, so for example, if you have had CCJ’s/mortgage arrears in the last 2 years you may need to have 15%+ deposit. If you are buying a property through a shared ownership scheme we have lenders that do not require you to have a deposit. If you are buying a property through the Help to Buy scheme we have lenders that can help you providing you have a 5% deposit to put down.
Once a Decision in Principle (DIP) has been done the typical arrangement times from mortgage application to offer is 1 month. Specialist bad credit mortgages do take more time when compared to standard high street mortgages, due to the extra due diligence that is required on these cases.
No. We have lenders some of whom are high street Building Societies that will lend to you if you simply have a low credit score, due to not being on the voters roll or not having much active credit. If you have a low credit score as a result of bad credit (CCJ’s/defaults/missed payments etc) we certainly have specialist lenders that can help.
The key to this question is why you were declined. We provide an advised service, so if we cannot help you now, we will explain why and provide advice as to what you need to do to be able to get a mortgage in the future.

First Time Buyer Mortgages

The excitement of buying your own property for the first time and the feeling of independence and owning your very own home. Unless you are one of the very fortunate few, you will need to look at a first time buyer mortgage.

First time buyers have been steadily increasing since 2008, part in thanks to some exciting Government backed schemes that include shared ownership and help to buy loans. But if you are looking for a standard first time buyer mortgage there are a number of things that you need to consider.

Initial important things to consider are how much will you be able to borrow and how much deposit will you need. There is little point searching for the house of your dreams if your budget will not allow it, so have an idea of how much you can borrow before setting out.

Historically, mortgages were calculated from a multiplier of earnings, often between 2 - 3 times annual salary. This model has shifted somewhat towards affordability, with a mortgage lender looking now at affordability – that is income and expenditure and what an individual can afford monthly. Again, each case is taken on its own merit so expert advice is needed before making mortgage applications without care and attention.

Needless to say, the higher the deposit available, the greater the chance of securing a first time buyer mortgage. Additionally you will be borrowing less so payments will be more manageable. Most lenders will allow up to 95% of the property price but you will have a wider choice should you have a 10% deposit or above. If you can raise significantly more than this you will be in a very strong position to qualify for a low interest rate.

First time buyer mortgages are often fixed rate, allowing the borrower to firmly fix monthly budgets and plan cash flow on a monthly basis. Most lenders will fix rates for up to 3 years, some even longer. The interest on fixed rate mortgages tends to be slightly higher but the advantages of being immune to interest rate fluctuations holds a lot of comfort for many people.

Variable rates follow interest rate fluctuations, so if the Bank of England increases its base interest rate then the variable rate mortgage payment will rise accordingly.

Choosing the right mortgage is potentially a tricky exercise, especially if you do not have vast experience in financial dealings. Speaking to a professional advisor will significantly help you save time, money and heartache and can also secure your mortgage far more quickly than approaching a number of lenders directly and going through the process of qualification and application.

Here is some additional information on related topics from our blog:

First-time Buyers - 5 Ways to Get on the Property Ladder

First Time Buyers - Difficulties getting a Mortgage

Stamp Duty Changes



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