First Time Buyer
First time buyer mortgage deals
Comparing mortgage deals is daunting when you’re starting out. So we put all our latest offers – sourced via our expert comparison tool – in one place. Our mortgage advisors will happily talk you through them.
First time buyer calculators
You’ve seen a spectacular property. In your dreams you already live there – but can you afford it? Introducing our mortgage calculator, the most reliable tool in the business when you need to number crunch fast.
First time buyer calculators
You’ve seen a spectacular property. In your dreams you already live there – but can you afford it? Introducing our mortgage calculator, the most reliable tool in the business when you need to number crunch fast.
First time buyer information
When you’ve worked hard to buy your first home, securing your first mortgage shouldn’t be taxing. Jargon-free and user-friendly, our mortgage guide tells you all you need to know.
Let Us Guide You
Check out our essential guides on all you need to know about the mortgage process.
How much deposit do I need?
When it coms to putting down a deposit to buy a property, the more you can save up, the better.
Do I need life insurance?
Protection for you and your family should the worst happen.
What are the different types of mortgage?
With so many different mortgage deals to choose from, finding the right one for your individual circmstances can feel difficult to find.
First Time Buyer FAQs
Most first-time buyers need a minimum 5% deposit (e.g., £10k on a £200k home), but larger deposits (10-20%) unlock better mortgage rates. Government schemes like Help to Buy: Equity Loan or the Mortgage Guarantee Scheme allow 5% deposits with competitive rates. At Property Finance Choices, we’ll match you with lenders offering low-deposit deals and guide you through schemes to stretch your budget further—no stress, just smart solutions!
Yes! Lifetime ISAs give a 25% government bonus on savings (up to £4k/year), while older Help to Buy ISAs (closed to new applicants) still pay bonuses for existing users. Funds can cover your deposit, but timing matters—LISAs must be open for 12+ months. We’ll help you maximize bonuses and ensure your savings align with mortgage requirements, turning every penny into homebuying power.
Options include First Homes (30-50% discounts on new builds), Shared Ownership (buy 25-75% of a home), and the Mortgage Guarantee Scheme (5% deposit mortgages). Regional programs like London Help to Buy offer extra support. We’ll explain eligibility, compare schemes, and pair you with lenders who accept them—making your first home affordable and achievable.
A strong credit score boosts approval odds and secures lower rates. Lenders check for missed payments, defaults, or high debt. If your score’s low, we’ll connect you with “bad credit friendly” lenders (often requiring 10-15% deposits) and share tips to improve your profile—like paying bills on time or fixing errors. Let us turn your credit hurdles into stepping stones!
Typically 2-6 weeks from application to offer. Delays come from document checks (payslips, ID), property valuations, or legal work. With Property Finance Choices, we fast-track applications, pre-check your paperwork, and liaise with lenders to keep things moving. Start with a 10-minute Agreement in Principle to shop confidently—we’ll handle the rest!
