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First Time Buyer Mortgage Advice in Luton

It's free to speak with a mortgage advisor
7 days a week, 8am - 10pm

020 4511 4209 Speak to an Advisor - It's Free!
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First Time Buyer Mortgage Advice in Luton

Discover your borrowing potential and move closer to securing your dream home as a first time buyer in Luton.

Speak to an Advisor - It's Free!

Fast & friendly mortgage advice in Luton

We know that buying a house is a major financial commitment and comprehending the mortgage process can be intimidating. That’s why we offer a speedy and friendly mortgage advice service to help you stay relaxed and get the best deal available.

From the initial research stage to when you have signed the contract and obtained the keys, we’ll be along for the ride. We’ll keep you informed about the progress and make sure you have all the details needed to make the best choice for your personal and fiscal circumstances.

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First Time Buyer Mortgage Advice in Luton

Book your free mortgage appointment online today.

The amount of deposit you need to put down can depend on a variety of factors, such as your credit score and the size of your desired monthly payments. Generally, those with a good credit score can put down around 5%. However, if your credit score is lower, you may have to put down as much as 10-15%.

Plus, you may wish to put down a larger deposit to reduce your monthly payments. The less you borrow, the less you have to pay back. It’s also important to keep in mind that the amount of deposit you need can be affected by the value of the property you’re looking to buy. This means that if you need a bigger mortgage for a more expensive property, you may have to put down a larger deposit.

Are there ways to help me get onto the property ladder in Luton?

The mortgage market can be complex and intimidating for first time buyers in Luton, so that’s why using a mortgage broker in Luton can prove invaluable.

We can provide you with advice on the different schemes that are available, such as the Help to Buy Shared Ownership Scheme, the Mortgage Guarantee Scheme, and the First Home Scheme. Our experienced mortgage broker in Luton can help you understand the criteria for each and help you to choose the best one for your individual needs.

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Popular Mortgage FAQs in Luton

What are the costs involved with first time buyer mortgages in Luton?

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We understand that purchasing a property is a big financial undertaking; when you are looking at the cost of buying a home, you should also consider the fees associated with the mortgage, such as conveyancing and legal fees, property surveys, and any broker or arrangement fees.

During your free mortgage appointment in Luton, your mortgage advisor in Luton will be able to provide you with an outline of any additional expenses. Additionally, you may need to think about stamp duty and various insurance policies to protect your home, possessions, and financial security.

We are here to help you throughout the entire mortgage application process, from working out how much you can borrow to managing the paperwork. Our mortgage advisors in Luton will provide you with the support you need and a clear breakdown of any additional costs.

What type of mortgage should I take out in Luton?

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Are you a first-time buyer in Luton seeking the ideal mortgage? Our team of brokers can help you locate the perfect fit for your financial needs.

Fixed-Rate Mortgage Deals

One of the most preferred choices for first-time buyers is a fixed-rate mortgage, which provides you with the comfort of knowing that your rate of interest will remain constant for a certain period of time, protecting you from any possible rate hikes.

Tracker Mortgage Products

Tracker mortgages are also available. With this form, your interest rate follows Bank of England base rate movements, increasing if the rate goes up and falling if it decreases.

Discounted Variable Rates

Alternatively, you may opt for a discounted variable rate, which offers an economically friendly option – however, any changes to your lender’s Standard Variable Rate (SVR) will also affect your rate.

Offset Mortgages

Offset mortgages provide a great way of reducing interest payments. They come with an interest-free, flexible savings account that offsets your mortgage balance. The more savings you have, the less interest you’ll pay on your mortgage.

Find the Perfect Mortgage for You

If you’re uncertain which type of mortgage is best for you, our mortgage advisors in Luton are here to help. Make a free appointment today to go over your options and find the perfect mortgage for you.

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Our Simple 4-Step Process

Book Online

Step 1

As a first time buyer in Luton, seeking professional advice from a mortgage broker is a wise decision. With our help, you can find the right mortgage to suit your individual circumstances.

Get in touch today to arrange a free consultation and take the first step towards finding the right mortgage for you.

Free Mortgage Appointment

Step 2

We will assess your financial situation, understand your needs, and find the right mortgage from one of our wide range of lenders.

We can provide you with an agreement in principle within 24 hours of your free initial consultation. This could be a great help when making any offers on property in Luton.

Finding a Suitable Product

Step 3

We carry out a mortgage search to ensure that you get the most suitable mortgage product in Luton for your needs. We will take the time to understand your financial situation and look through the thousands of mortgage products available to us.

We are dedicated to finding the best mortgage deal for you and will provide tailored advice to ensure that you get the most suitable product.

Submit Your Application

Step 4

Once you have chosen the product that is right for you, we will begin to prepare the mortgage application. We will be on-hand to guide you through the entire process and answer any questions you may have.

When everything is ready, we will submit your application to the lender. Your own personal case manager will stay in contact with you throughout the entire process, providing updates on the progress of your application.

8 Reasons to Choose Us For Mortgage Advice in Luton

Free Appointment in Luton

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Our mortgage advisors in Luton will be with you every step of the way, from the initial free advice appointment to the completion of your mortgage application.

To get started, simply book your free initial advice appointment online. Our mortgage advisors in Luton will be more than happy to answer any questions you may have.

Search 1000s of products

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Our experienced advisors are here to make sure you get the right mortgage for your individual needs and circumstances. We have a panel of lenders so that we can provide you with the best option.

Our advisors take the time to get to know you and understand your needs, so that you can be sure that you get the mortgage that best suits you and your budget.

7 Days a Week

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We provide a 7 day-a-week service, including bank holidays and weekends, so you can book your free mortgage appointment with us at a time that suits your busy schedule. Even if you can't make it during normal working hours, we can still provide you with the advice you need.

Getting first time buyer mortgage advice in Luton has never been easier!

Malcolm and Amy Davidson - Mortgage Advice in London

We search 1000s of first time buyer mortgages in Luton

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Common Mortgage Questions in Luton

How much can you borrow for a mortgage in Luton?

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During your free mortgage appointment in Luton, we will provide a better understanding of the amount you’re able to borrow. We will do this by calculating your overall affordability for a mortgage, factoring in your deposit, credit score, income and outgoings.

If you’re after a quick indication of the figure, our website has free mortgage calculators available.

I need a mortgage agreement in principle, can we help?

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When you’re a first time buyer in Luton, it’s essential to have an Agreement in Principle (AIP) in place before you start viewing properties. An AIP will show the seller that you are a serious buyer and gives you the confidence to act fast and secure your dream home.

As a responsive mortgage broker in Luton, we can help you to obtain an AIP quickly and easily. Our experienced mortgage advisors in Luton will assess your individual circumstances and provide you with the best possible mortgage deal to suit your needs. This can save you time and money in the long run.

I need to find a mortgage for a property I am looking at buying, can we help?

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Are you a first time buyer in Luton looking to secure a competitive mortgage? Our mortgage advisors in Luton are here to help. We’ll take the time to understand your individual circumstances and search through hundreds of products to find the best mortgage that suits your needs and budget.

Our experienced mortgage advisors in Luton are able to offer a wide range of first time buyer mortgage solutions, from high street to specialist products. Whether you’re looking for a fixed rate, tracker or variable mortgage, our team can help you find the best deal available.

Mortgage Guides & Londonmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at

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7 Days a Week, 8am – 10pm

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