First Time Buyers

Moving House/Flat

Providing individual mortgage advice; unique to you

Buying your first home can be a very exciting albeit daunting experience which is why it is important to get the right advice at the very start. There are many different mortgage products to choose from so it is important to get the solution that best meets your needs.

To help you to make the right decision we have put together our Top Tips for first time buyers:  

It is important to be realistic when working out how much you can spend on your new home. A budget planner will help to ensure your mortgage is affordable. 
When choosing a mortgage, you can see which deals you might qualify for based on the size of the deposit you have by looking at what is known as the mortgage ‘loan to value’ (LTV). For example if you are looking to buy a property valued at £100,000 and have a £5,000 deposit you will be looking to borrow 95% of the property value. Typically the more deposit you have to put down the better the mortgage rates will be. 
Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring or renewing the wiring. These should be considered alongside the purchase price, and fees such as conveyancing and stamp duty. 
Always take an experienced home buyer with you when viewing properties as there may be important details you could be missing out on. 
If you have been used to living at home with your parents, remember to also budget for expenses such as council tax, gas and electricity bills. 
Make sure you know what the likely council tax charge will be in your new property. The selling agent should be able to tell you what tax band the house you are interested in buying is in, and how the charges are levied by your local authority. 
Remember a mortgage is a long term commitment and there are lots of different products available, so it is important you get the right solution for you. Call our experts today for more information.

Your property may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Process

Initial Meeting

We would be delighted to meet with you at our offices, or we are just as happy to have an initial consultation over the telephone…whatever suits you best.

Market Analysis

Having considered your personal circumstances and budget, we will provide you with advice and a recommendation regarding the best mortgage options to suit your individual needs.

Mortgage in Principal

We can arrange a mortgage approval in principle to provide you with peace of mind when viewing properties that you are in a position to proceed when you find your dream home.

Finalise Best Deal

We will manage the mortgage application process from start to finish while liaising with your solicitor, to ensure your mortgage is fully approved as quickly as possible.

At Taylor Carmichael we offer our clients highly professional specialist mortgage and protection advice from the UK marketplace.

Customer Testimonials

Let us get the best deal for you.