First Time Buyers

Buying your first home is an exciting step, but we understand the mortgage process can feel complicated. At Mortgage Fit, we'll guide you through your options, explain what's involved and support you at every stage, helping make the process as straightforward as possible.

Your home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. A mortgage advice fee may apply depending on your circumstances and the services required. We'll explain the amount or how the fee is calculated, when it becomes payable and any commission we may receive from a lender before providing advice.

When Should I Invest in My First Home?

There is never a perfect time to buy your first home, but the sooner you get on the ladder the sooner you start building equity. The most important thing is that you are financially ready — you have a stable income, a suitable deposit, and you are committed to the responsibility of home ownership.

What Do I Need To Buy My First Home?

• A deposit — typically at least 5% of the purchase price
• Proof of income and employment
• A good credit history
• Proof of identity and address
• Budget for additional costs: solicitor fees, survey, stamp duty

How Mortgage Fit Can Help

We compare mortgage options from a wide range of lenders to help find a suitable deal for your individual circumstances. We'll consider interest rates, fees, mortgage terms and lender criteria to help you make an informed decision, and support you from choosing a property through to getting the keys.

Government Schemes

There are government schemes available to help First Time Buyers get on the property ladder, such as Shared Ownership. Mortgage Fit can advise on which schemes you may be eligible for and which might be right for you.