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First Time Buyer Mortgage Advice in Reading

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First Time Buyer Mortgage Advice in Reading

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

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Fast & friendly mortgage advice in Reading

Mortgages are substantial financial decisions and the process of getting started can be overwhelming for first-time buyers in Reading. As amortgage broker in Reading, it is our responsibility to alleviate your stress and guide you through the mortgage journey.

It is not just about the mortgage, but the journey taken to get there. We make it our mission to simplify the process, keeping you updated every step of the way. You will have a mortgage advisor in Reading with you from the start until the finish.

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First Time Buyer Mortgage Advice in Reading

Book your free mortgage appointment online today.

As a mortgage broker in Reading, we typically find that first time buyers who have a good credit record have access to better rates and can put down a smaller deposit, such as 5%.

However, if you have a lower credit score as a first time buyer in Reading, you may only be able to access lower rates and be asked to put down a larger deposit, perhaps 10-15%.

The amount of deposit you put down will also be determined by the value of the property you buy. If you require a larger mortgage for a pricier property, you’ll have to put down more deposit.

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

If you don’t have enough for the minimum asking deposit, you may be eligible for one of the government mortgage schemes designed to help first time buyers. These include the Help to Buy Shared Ownership Scheme, Mortgage Guarantee Scheme, the First Home Scheme and a few more. To make sure you meet the criteria for those schemes, a professional mortgage broker in Reading can provide you with useful advice.

If you would like some more first time buyer mortgage advice in Reading or would like to discuss any of the government mortgage schemes, you can book a free appointment and have a conversation with mortgage advisor in Reading.

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Popular Mortgage FAQs in Reading

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

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Along with the deposit you’ve saved, you’ll also need to factor in conveyancing and solicitors costs, property surveys, broker fees, and mortgage arrangement fees when buying a property. There could be a stamp duty to consider too, as well as any insurance (e.g. to protect your home, contents or financial security) that you may wish to take out. Your dedicated mortgage broker in Reading can go through all these additional costs with you in more detail during your free initial mortgage appointment.

What do I need to buy my first home in Reading?

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To be eligible to purchase a property in Reading, you will need to have saved up enough for your deposit or more to be able to take out a first time buyer mortgage. You should then appoint a conveyancing solicitor to oversee the legal side of the purchase.

As a mortgage broker in Reading, we are here to provide support throughout the process. Our mortgage advisors in Reading can help you check your eligibility and get you the most suitable mortgage for your needs as a first time buyer in Reading.

What type of first time buyer mortgages can I get in Reading?

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There are a variety of first time buyer mortgages in Reading that could be available, each one different to the rest. The most popular choice is a fixed-rate mortgage, which allows you to fix in your interest rates for a long time, protecting you from any potential rate hikes.

Tracker mortgages are also an option. With this, if the Bank of England base rate increases, so too will your interest rate. Any drops in the rate will also be reflected in your own. Discounted variable mortgages are a cheaper alternative, although your rates will change if the lender’s SVR alters.

An offset mortgage could also be the right choice for you. This provides an interest-free, flexible savings account to counterbalance the balance of the mortgage. The more you save, the less interest you pay on your mortgage.

To learn more about the different types of mortgages available and decide which one is best for you, book a free mortgage appointment to talk to one of our mortgage advisors in Reading today.

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Our Simple 4-Step Process

Book Online

Step 1

Whichever you are seeking to accomplish, we suggest talking through your current circumstances and possibilities with a transparent mortgage advisor in Reading.

At your free mortgage appointment, your mortgage advisor in Reading will take essential details regarding your income and outgoings to figure out the highest amount you can borrow for a first time buyer mortgage in Reading.

Free Mortgage Appointment

Step 2

Our highly experienced mortgage advisors in Reading will then try and find you a mortgage that meets your exact needs and requirements.

After your free initial consultation, we will get you an agreement in principle within 24 hours; this can be a great help when making offers of properties.

Finding a Suitable Product

Step 3

Once your offer has been accepted, you will be handed over to a case manager who will help you prepare your mortgage application and deliver all relevant paperwork to the lender.

Your committed case manager will provide regular updates on the procedure until you receive your authentic mortgage offer and finish your purchase.

Submit Your Application

Step 4

We pride ourselves on providing a professional service to all of our clients. As a mortgage broker in Reading, we are committed to giving you the best advice and assistance to help you get the right deal for your needs. We can advise on the most suitable products and give you support throughout the entire process.

We are always available to answer your questions and provide guidance, whether you are a first-time buyer, looking to remortgage, rest assured, you are in safe hands.

8 Reasons to Choose Us For Mortgage Advice in Reading

Free Appointment in Reading

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We have some amazing reviews from first time buyers in Reading who have valued our services. Have a look at these reviews before you book your free mortgage appointment to get an idea of the quality of our service and how we can help you.

Search 1000s of products

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As a dependable mortgage broker in Reading, we are devoted to finding the most suitable mortgage product for you. With access to a wide selection of lenders, we can scout around for the best deal for you and your personal circumstances. Our aim is to make sure you get the most appropriate mortgage package.

Our Service

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Throughout the years, we have established ourselves as a reliable mortgage broker in London. Our team of mortgage advisors are fully qualified and experienced. They will guide you through the entire process from start to finish.

Over the years, we have helped thousands of first time buyers in Reading to attain their mortgage objectives. Through this time, we have encountered various comparable mortgage scenarios, as well as some unique. In any event, we will do all that we can to aid you as a first time buyer in Reading.

It is our duty to give prompt and cordial mortgage guidance in Reading. We will strive to find the most suitable mortgage product for you. Reserve yourself in online for your complimentary mortgage appointment using our online booking tool. It is straightforward and plain, just like our mortgage advice service.

7 Days a Week

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Our team are available all week, including bank holidays and weekends. This means that as a first time buyer in Reading, you can schedule a meeting with a mortgage advisor in Reading at a suitable time, even during out-of-hours!

Malcolm and Amy Davidson - Mortgage Advice in London

We search 1000s of mortgage deals in Reading

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Common Mortgage Questions in Reading

How much can you borrow for a mortgage in Reading?

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If you are looking to determine how much you can borrow, try using our affordability calculators or speaking to one of our mortgage advisors in Reading so that they can provide a more accurate figure.

Ready to make an offer on a property in Reading?

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Once you have a property you’re ready to make an offer on, it’s time to start looking into the mortgage side of things. Book in for a free mortgage appointment online with a mortgage advisor in Reading. Appointments are subject to availability, but you may be able to get one on the same day!

Has your offer already been accepted in Reading?

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Once your offer has been accepted, you’ll need to get the mortgage sorted! By gaining the assistance of a mortgage broker in Reading, you can make the process a lot quicker and stress-free.

Looking for an agreement in principle ahead of your mortgage in Reading?

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Obtaining an agreement in principle can save you time and money. It shows you are serious about buying a property and sets you apart from other buyers. An AIP is also a great way to understand how much you can borrow and to see what type of mortgage is right for you.

Speak to us today to find out how we can help you secure an agreement in principle.

Struggling to get accepted for a mortgage in Reading?

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Are you a first time buyer in Reading? If so, it can be difficult to navigate the mortgage process. Fortunately, we can help! Let us guide you through the process and provide you with all the support and guidance you need.

Book a free appointment today and talk to a professional mortgage broker in Reading. They will be able to provide you with the advice and assistance you need to find the right mortgage for you.

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.

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