Here to help first time buyers get onto the property ladder
This is an exciting and great milestone moment in your life but buying your first home can also be quite overwhelming as your property is likely to be the most expensive thing you’ve ever bought! Here at Downton Mortgages and Financial Services, we are here to help you climb every wrung of the property ladder. We’ll advise you on the best mortgage options for you, complete with all the necessary protection so you can purchase your first home with total peace of mind.
It’s not unusual for first-time buyers to be overwhelmed with the amount of information required and it is probably a very alien process and unlike anything experienced before. With a clear end goal in mind, we will help you through every stage so that walking into your own home for the first time becomes a truly magical reality.
Like most people, if you don’t have enough money to buy a house outright, then you will have to apply to take out a mortgage. A mortgage is a loan that allows you to buy your property, using the mortgage lender’s money in the absence of your own. The money you borrow from them must be paid back over a set period of time, often initially 20-40 years (but the exact length depends on your circumstances), and is repaid via monthly payments with interest applied.
We will work closely with you and take the time to find the right mortgage lender for you and really listen to your questions, understand any concerns you may have, and tailor our service to your needs; we want to make this process as straight-forward and hassle-free as possible. When we have gathered all the financial information and related key documents we need, we can then start the process of looking at how much you are likely to be able to afford and match you with suitable lenders; this gives you a great platform from which to start your house-hunting journey.
With the ever changing affordability rules, deposit requirements and other lending criteria hurdles, Downton Mortgages and Financial Services is best placed to help you through this process. Highly experienced in helping first-time buyers secure their dream home, we have the industry know-how to safely steer you through your uncharted house-buying waters.
Having an adviser who has done all the checks and verified your eligibility can show all parties in the process that you are ready to act quickly when it comes to buying, as you’ve already established how much you can borrow, subject to your full mortgage application. At the applicable stage, and where necessary, we will help you to obtain a Decision in Principle (DIP) which is a certificate that states how much a lender is willing to let you borrow. This decision is based on a number of checks, such as your income vs your outgoings and checking the health of your credit rating.
If you’d like more information on the first-time buyer mortgage products available, please arrange a FREE 30-minute discovery call to see how Downton Mortgages and Financial Services can help you become a home-owner today.