First Time Buyers

Southampton, Hampshire, National

A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage, or any other debt secured on it.

Purchasing your
First Home

Buying your first home is an exciting prospect, but figuring out how to get onto the property ladder can feel overwhelming. By talking to Alexander Southwell Mortgage Services Ltd, not only can you be assured of getting a suitable mortgage deal based on your needs, circumstances and preferences. You will also be guided through the maze of the mortgage process in a friendly, professional and efficient way. We will help you understand the following;

  • How much you can borrow
  • How much deposit you will need
  • Other costs during the process of buying a home
  • How much you can afford in monthly repayments
  • Government schemes to help get you on the property ladder
  • Other key steps in the mortgage application process

Luckily there is help available for first time buyers who are struggling to attain a mortgage for their first home. Many schemes exist including government initiatives as well as incentives provided by the banks. Whether it’s a Forces Help-to-Buy application, Help-to-Buy equity loan, or shared ownership mortgage we will discuss all options with you and we will make an informed decision on which route is going to be the most suitable for your circumstances.

Using a mortgage expert can prove invaluable

Alexander Southwell Mortgage Services Ltd search through a comprehensive range of mortgage products for First Time Buyer mortgages to help make buying your dream home a more affordable reality.

Mortgage deals may not be available and lending is subject to individual circumstances and status.

Over the length of the mortgage term that might equate to hundreds or even thousands of pounds saved, depending on your particular circumstances and preferences. Our advisors are experienced and know the criteria each lender uses to assess your first time buyer mortgage application. This is crucial in knowing which lender is best to recommend.

Our professional fees for first time buyer mortgages

For establishing your needs, undertaking research and making a recommendation, we typically charge a fee of £295 on submission of the mortgage application. These fees may be waived for existing clients.

For more complex cases, for example adverse credit, self employed or homes of multiple occupancy, we typically charge a fee of 1% of the loan amount. For example if the loan is £80,000 our fee would be £800.

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