“We are proud to offer first-time buyers independent mortgage advice they can trust. Knowing that we helped a client secure the keys to their first home gives us a great sense of achievement.”
Ian Ward CeMAP CeRER
Director
Buying your first home is an exciting step to take but it can also be challenging and stressful to navigate the vast range of mortgage options available. When you start to research the world of mortgages for the first time it can seem like a whole new language.
As a first-time buyer taking your first step onto the property ladder, you need to know what value of property you can afford to buy and how much you can commit to a mortgage repayment each month.
That is where the team at Willson Grange Mortgages can help you. We are a team of professional, qualified Mortgage Advisers experienced in helping first-time buyers secure the keys to their first home.
Independent advice for first time buyers
At Willson Grange Mortgages we are independent Mortgage Advisers which means we are able to research the whole of the market. There are thousands of mortgages available for first-time buyers and it’s our job to recommend the one that is right for you.
We help find the best mortgage for your needs and we explain why we think that mortgage is best for you. We also explain why others may not be suitable.
Perhaps you are starting to think about buying a property, in which case we can offer a free of charge consultation to help you understand the size of mortgage you could secure.
Or you might have already found the property you want to buy and now you need to arrange the mortgage. Again, we can offer an introductory chat either over the telephone or face to face.
There is no charge for our introductory consultation and no obligation to use our services. We can also offer you an appointment with one of our friendly Mortgage Advisers at our office in Birkenhead.
Help to Buy
If you are a first-time buyer you may have heard of Help to Buy mortgages. Help to Buy is a term used to describe schemes set up by the government to help first-time buyers and home movers buy homes. Help to Buy may be suitable if you do not have a large deposit.
There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £595.00 To understand the features and risks ask for a personalised illustration.
Help to Buy schemes are available for first time buyers and home movers in England, Scotland and Wales. They enable you to buy your property through a combination of your deposit, a mortgage and a loan from the government. At Willson Grange Mortgages we can explain how these schemes work and discuss whether it would be the best way to finance buying your home.
There is a specific Help to Buy scheme for Greater London due to the difference in the property market in the capital. First-time buyers or home movers in Greater London may be eligible to borrow 40% of the property price from the government to help buy their property along with their deposit and a mortgage. If you are a first-time buyer or home mover in Greater London we can help assess whether this is the best option for you.
If you are serving in the armed forces and meet certain criteria then you may be able to benefit from a Help to Buy scheme. This scheme enables you to borrow a percentage of your salary interest-free to use for a deposit on a property. We can explain this option and help you understand whether you are eligible and how it works.
At Willson Grange Mortgages we can help you explore the option of shared ownership Help to Buy. This involves buying a stake of your property from a housing association and paying rent on the remaining share. As with all Help to Buy schemes there are advantages and disadvantages of shared ownership and we recommend taking financial advice from a mortgage adviser to make sure you are fully aware of the agreement.
You may also have heard of a Help to Buy Isa. This is a tax-free savings account designed specifically for people saving to buy their first home. The main benefit of paying into a Help to Buy Isa is that you receive a government bonus of 25%, up to a maximum of £3,000, when you buy your first home. There are many providers of Help to Buy Isas and there are rules attached. Talking the option through with an adviser from Willson Grange Mortgages will help you understand them.
As a first-time buyer there are thousands of mortgages available to help you buy your first home. An independent Mortgage Adviser from Willson Grange Mortgages can help shortlist the best options for you based on your needs. We can also help explain the fees which come with buying a property such as stamp duty (although you may be exempt), legal fees, estate agent fees, potential ground rent and what it will cost for us to arrange your mortgage on your behalf. Buying a property is most likely the biggest purchase you will ever make so you need to be confident that the mortgage you take out is the best one for you at that time.
To take the first step towards securing your first-time buyer mortgage simply get in touch with Willson Grange Mortgages via the contact form, by email or by phone and we will be happy to help.
Get in touch with our team of experts
✓ Independent, whole of market mortgage advice
✓ Experienced, qualified Mortgage Advisers you can trust
✓ Free of charge initial consultation to discuss your mortgage needs
✓ Excellent customer service proven by client testimonials
✓ Experts in many different types of property finance
✓ Access to intermediary-only mortgage products
✓ Saves you time sourcing and arranging the mortgage
✓ We help complete all the paperwork and online forms
✓ You receive regular updates on the progress of your application
✓ We are members of the Equity Release Council