First-Time Buyers
First-Time Buyer? You're Not Alone And You're Not Out of Options
Explore first-time buyer mortgage options in Hampshire and understand what lenders may consider before you make an offer.
What lenders look at
Useful options, explained simply.
- 01Up to 6x salary on selected schemes, where the right circumstances apply.
- 02Low deposit options in specific circumstances.
- 03Your rental payment history used as proof of affordability.
- 04Flexible applications that consider multiple income sources.
- 05Family and friend support factored into the wider picture.
- 06Specialist products for buyers with strong track records but limited savings.
Common Questions
A few answers before you start.
How much deposit do I really need?
It depends on your circumstances and the lender. Some options start with a smaller deposit, but a larger one can give you more choice. We can help you understand what is realistic for your budget.
What is an Agreement in Principle?
It is an early indication of what a lender may be prepared to lend, based on the information they have seen. It is not a mortgage offer and it does not guarantee an application will be accepted.
Are there any hidden costs?
Buying a home can involve valuation, legal, survey, product and moving costs. We will talk through the common costs so you can plan for more than just the deposit.
How long does the mortgage offer last?
The length varies by lender, but many offers last for several months. If your purchase takes longer, the lender may need to review or extend it.
Can I buy with a friend?
Some lenders will consider a joint application with a friend. The people involved, the ownership arrangement and your long-term plans all need careful thought.
Ready to take the first step?
Ready to take the first step?
A mortgage broker can give advice and recommendations based on your circumstances.