First time buyer mortgages

At Northants Mortgages we know that buying your first property is a really exciting time. We’ve helped many people in Northampton and around the UK get a great first time buyer mortgage and move into their first home, and we can help you to understand the whole mortgage process no matter how uncertain you are.

As a first-time buyer, you’ve probably already been saving for a deposit to help you get your first home. Your deposit is really important – when you have a larger deposit you have you’ll generally be able to find mortgages with better interest rates and you won’t need to borrow so much from the back as a mortgage.

When you know the amount you have available as a deposit, the next step is to find out how much you might be able to borrow. You can use our borrowing calculator to give you a guide.

The next step is to get and share your credit report (terms apply*) with us. This enables us assess affordability across a range different of lenders to ensure you’re getting the best deal possible. We can then support an offer on a property by providing the estate agent with confirmation and evidence of your ability to proceed.

Many Estate Agents will ask you for a mortgage agreement in principle. These are often of limited benefit, may need to be redone repeatedly, and can provide the selling agent with more information than is optimal to share in the early stages.

* A copy of your credit report can be obtained for free by signing up to a free 7 day trial with our partner https://www.checkmyfile.com (Costs £14.99 per month if not cancelled within 7 days)