Based in the Fareham, we offer the best advice for our customers throughout the UK

Buying your first home is an exciting time. There’s nothing quite like the feeling of owning your own place, and we went to make first-time buyers as comfortable as possible. The experience of researching and applying for your first mortgage is exciting, but it also has the potential to be very difficult. Based in Lee-on-Solent, The Mortgage Helpers is ready to walk you through this process, and we make sure you’re getting the very best deal.

Helping You Onto the Property Ladder

Buying your first home is an exciting prospect, but can also feel daunting and knowing where to start to get onto the property ladder can sometimes be overwhelming.

There are many options to consider such as : a Help to Buy ISA, Help to Buy equity loan or a Shared Ownership Mortgage, along with hundreds of different mortgage options. We can explain all you need to know to help make buying your first home as simple as possible.

Housing Schemes

There’s a range of Government schemes designed to help first time buyers as well as thousands of mortgage options on the market. Banks and building societies also package specific deals for first time buyers, which may include incentives such as cashback, low fees or a contribution towards legal costs.

How much can I borrow?

Its always best to work out how much you can borrow before you go house hunting. 

In the past, lenders traditionally calculated the amount you could borrow as a multiple of your salary. So, you might typically be granted a mortgage of three times your gross annual earnings. But most banks and building societies these days advance funds according to affordability and will ask for details of your incomings and outgoings before they decide on a figure. They will also take into account the impact of future interest rate rises.

However, your ability to get a mortgage isn't down to your salary and outgoings alone, your credit score is important, too. If you have suffered from bad debts in the past, your application for mortgage finance might be turned down. Talk to us to find out more. 

The Mortgage Helpers make it easy for first-time buyers to choose the right mortgage. Whether you want a want a fixed or a variable rate deal, have a big deposit or small, decide on a Government backed scheme, we compare first-time buyer mortgages from a wide range of lenders to help you find the right mortgage for your particular needs.