First Time Buyer - CPT Mortgages

FIRST TIME BUYERS

Buying your first home can be a very exciting albeit daunting experience which is why it is important to get the right advice at the very start. There are many different mortgage products to choose from so it is important to get the solution that is most suitable for your needs.

As a First Time Buyer there will be many things to consider. Below are some of the things you will need to think about. Don’t worry, we will be here to help and guide you through these areas and many more.

How much can I borrow?

It is important to be realistic when working out how much you can spend on your new home. A budget planner will help to ensure your mortgage is affordable, we will complete one of these with you as well as agreeing a realistic budget.

How much deposit do I need?

When choosing a mortgage, you can see which deals you might qualify for based on the size of the deposit you have by looking at what is known as the mortgage ‘loan to value’ (LTV). For example if you are looking to buy a property valued at £100,000 and have a £5,000 deposit you will be looking to borrow 95% of the property value. Typically the more deposit you have to put down the better the mortgage rates will be. A larger deposit also makes you more likely to be accepted for a mortgage by a lender as they are taking a smaller risk lending you money.

Have you considered additional costs?

Even a newly built house will require some sort of furnishings, whereas older properties may require extensive work, such as re-flooring, tiling or renewing the wiring. These should be considered alongside the purchase price, and fees such as conveyancing and stamp duty.

Flexible Appointments

We understand in this modern world life is no longer 9-5 so we offer flexible appointments to suit your needs.

Our Advice

Our initial meeting is free of charge. There is no obligation to use our service. We will only charge if you decide to go ahead and use our services.

The right Mortgage

We will make a full assessment of your needs, priorities and goals and then recommend the right mortgage for you

The right Protection

Having gathered all the information about you, your circumstances and your home, we will provide advice and recommendation on the right protection for you.

Getting you there

We are not just here to arrange your mortgage and protection. We will support and guide you through the home buying process right up to the day you get your keys

The future

We will be here to provide you with help, guidance and advice from re-mortgaging to home moves in the future as your circumstances change.

If you are experiencing financial difficulty and struggling to make repayments, then you can contact your lender who may be able to help taking account of your individual circumstances.

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

You may want to contact one of the free impartial money guidance and debt advice services such as StepChange, Citizens Advice, or Turn2Us.