House Viewing

First Time Buyer Mortgages

Take your first step on the property ladder. Get a professional First Time Buyer Mortgage Advice. 

First Time Buyer Mortgage Advice that you can trust.

Buying your first home is likely to be one of the most expensive purchases in your lifetime. Here at DJB Mortgages, we know you have searched tirelessly to find the right home, so we will do the same to find you the right mortgage. After all, you will likely have a mortgage for most of your adult life so, it is vital to get it right. As experienced mortgage professionals, we will lead you through the entire process from provisional mortgage agreement, right through to collecting the keys to your new home.

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How DJB Mortgages help First Time Buyers

> we search the thousands of products to ensure our clients get The Very Best First Time Buyer Mortgage deals,

> we explain the process of getting a mortgage in simple terms – no jargon,

> we discuss your CREDIT REPORT/SCORE to avoid any issues,

> we help to choose the right survey,

> we put in touch with trusted solicitors handle all the legal aspects of buying your first property,

> we take care of any insurances that you may need to put in place to make sure that you do not lose your home should the worstcase scenario should happen,

> we make sure the process of getting a First Time Buyer Mortgage runs smoothly.

Our Process

> Indepth discussion

Everybody's circumstances are different. From what is your employment status, through your income to credit history. We match your information to the most suitable lender to obtain the best First Time Buyer Mortgage for you.

> Decision in Principle

Once you are happy with our mortgage recommendation, we will secure your DIP (Decision in Principle). DIP is a promise from the lender, that they will loan you money on the condition that the information you have provided is correct and subject to a valuation of the property.

> Offer on Property

You have your DIP (Decision in Principle) secured, now it is time to make an offer on a property.

> Mortgage Application Submission to the lender

Following the acceptance of your offer, we will check and submit copies of your documents to the lender ( payslips, company accounts, bank statements, proof of deposit and sometimes many other documents). It allows the lender to agree on the case.

> Full Mortgage Application

At this point, the lender verifies the information that you have provided is correct and review all the documents. If the lender is happy with everything, they will send you a mortgage offer.

> Conveyancing

The legal part of the process, where the solicitors/conveyancers draw up contracts and organise the actual, legal purchase of the property.

> Exchange and completion

Once everything is in place, your conveyancer/solicitor exchanges contract with the seller’s conveyancer/solicitor. Congratulations! At this point, you put down
your deposit and are legally bound to buy the property.
The legal part of the process, where the solicitors/conveyancers draw up contracts and organise the actual, legal purchase of the property.

> Exchange and completion

Once everything is in place, your conveyancer/solicitor exchanges contract with the seller’s conveyancer/solicitor. Congratulations! At this point, you put down your deposit and are legally bound to buy the property.

Savings & Deposit when Applying for a First Time Buyer Mortgage

There are many ways to purchase your first home, but one of the main things you will need is a deposit. Most banks/building societies want you to put down at least a 5% deposit. It determines which "LOAN TO VALUE" you gain, along with interest rates. Some lenders do offer 100% mortgages, but this is subject to family help. The more savings you can put as a deposit, the less you will need to borrow from the bank, and the more competitive mortgage rates you will get.

How much can I borrow when applying for First Time Buyer Mortgage?

Finding out how much you can borrow can become very frustrating. You may have experienced this already by looking at multiple lenders websites and using their calculators. Quickly you will find out they all give you various amounts. The reason behind this, all lenders will use different methods towards working out your maximum borrowing.

Here our experience and knowledge come to hand. We start by having an indepth discussion with every client to gain a clear picture of a current and future financial situation. We calculate exactly how much you can borrow based on individual circumstances and what that would cost. You can rest assured that we only look at lenders that give the best affordability for each situation.

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Types of mortgages

When you start to dive deeper into the mortgage process, you will discover that you have many types of mortgages available. From 'REPAYMENT METHOD' such as capital and interest, interestonly, and part and part. Then you also have Fixed, Variable, Tracker, Discount, Capped, and Offset Mortgages.

We will talk you through each option and explain which may be best for your situation, then essentially we will be able to create a shopping list of what is important to you on the mortgage and make sure we find a lender that suits all of your needs around the type of mortgage required.

Getting First Time Buyer Mortgage is simple with DJB Mortgages. Contact us today and check it out.

Schedule no-obligation call now!

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Keep in touch

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hello@djbmortgages.co.uk

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Locations

DJB Mortgages

Freedom Works

Metro House

Chichester

West Sussex

PO19 1BJ

DJB Mortgages

Suite 5 , 1 Epsom Road
Guildford
GU1 3JT

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR PROPERTY.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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DJB Mortgages is a trading name of Just Mortgages Direct Ltd which is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority

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