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Buying your first home is an incredibly exciting time, but it can sometimes seem like a bit of a daunting prospect. As the largest purchase you are likely to make, it’s important that you fully understand the process and costs involved, and get a first time buyer’s mortgage that fits your circumstances. That’s why we offer independent, whole-of-market advice with no broker fees, backed by thousands of happy customers, so you get expert support without paying to access it.
A mortgage for first time buyers isn’t impossible. Check out the different types of mortgage schemes and mortgage offers for first time buyers below. If you would like to quickly understand how much you could borrow, use our calculator.
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Once we’ve chosen the best deal for you, our advisors will be with you every step of the way until you’ve successfully completed on your first home!
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Once you’ve chosen the best remortgage deal for you, our advisors will be with you through each step of the way, until you’ve successfully remortgaged your home!
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We’ll help you assess your income and expenses, review your credit score and work out your deposit via a free consultation.
You’ll get an official estimate of the amount you can borrow, strengthening your offer and giving you peace of mind during negotiations.
You’ll provide income proof, bank statements and identification. We’ll ensure all documents are compiled and submitted.
Whether you want to find out how much you can borrow, or learn more about the first time buyer process, we’ve got resources that support you on your journey.
There are so many different options when it comes to mortgages for first time buyers, which is why it is always advisable to seek independent mortgage advice as early as possible in the process – that’s where we come in.
At Key Solutions we’ve helped secure thousands of great mortgage deals for first time buyers and take their first steps onto the property ladder. We will be with you every step of the way – from your free initial enquiry all the way through to the day you get your keys. Getting a mortgage for a first time buyer and knowing we have helped you buy your dream home is everything to us!
Can’t afford more than 5% deposit? Discover help to buy schemes for new build properties.
We work with a number of specialists to ensure you secure funding to buy your first home.
If your family is able to help you, we can find a suitable mortgage product.
Certain circumstances allow you to access a discount scheme on new build properties.
We can help you find the right lender willing to provide the finances needed to purchase a home.
Missing or late payments? We have access to a variety of specialist lenders who can help.
If you want some flexibility, our expert advisors can make recommendations for your circumstances.
We work with you to find a mortgage that fits your situation. We guarantee you’ll be happy, or you get your money back!
What documents do you need for a mortgage application?
All the different mortgages explained
Debunking mortgage myths
Understand the government's new scheme.
Any amount of savings towards a deposit is something you should be proud of. If you’re finding it difficult to save more than 5% for a deposit, there are mortgage options and schemes that may be able to help. The government’s proposed Your First Home scheme could allow eligible first-time buyers to buy a new-build home with a deposit as low as 2.5%. Find out how the Your First Home scheme could work and what we know so far.
Not sure where to start? Check out our helpful guides and resources.
To qualify as a first-time home buyer, you generally need to meet the following criteria:
The definition of a first-time buyer can vary slightly depending on the specific context, but generally refers to someone who has never owned a residential property before, either solely or jointly. This includes individuals, couples, or even some types of trusts.
Completion day is when the legal ownership of the property transfers from the seller to you. This typically involves signing final paperwork, exchanging keys, and paying the remaining balance of the purchase price. Your conveyancer will guide you through the process and ensure everything runs smoothly.
Buying your first home involves several steps:
Generally, anyone who has never owned a residential property before, either solely or jointly, qualifies as a first-time buyer. This includes individuals, couples, or even some types of trusts. However, specific requirements may vary depending on government schemes or individual lenders.
The “best” mortgage depends on your individual circumstances and financial goals. Consider factors like interest rates, fixed vs. variable rates, repayment terms, and any government incentives available for first-time buyers. We recommend consulting a mortgage broker to discuss your options and find the best fit for you.
The minimum deposit required varies depending on the lender and your chosen mortgage product. While some lenders offer mortgages with a 5% deposit, aiming for a larger deposit (10% or more) can unlock better interest rates and save you money in the long run.
Anyone who has never owned a residential property before, either solely or jointly, is generally considered a first-time buyer. This includes individuals, couples, or even some types of trusts. However, specific requirements may vary depending on the context.
