Why Choose First Time Buyer Mortgage?
Buying your first home can feel both exciting and overwhelming, which is why having expert guidance can make the process easier. At Wealthmax, we provide mortgage advice for first time buyers and will take the time to explain your options clearly, based on your circumstances.
We work with a wide range of lenders, including many of the UK’s largest mortgage providers, to help identify products that may be suitable for your needs. Our aim is to support you in navigating the mortgage process with confidence, so you can take your next steps toward home ownership.
Calculate Your Stamp Duty Instantly
Confused about how much tax you’ll pay on your new property? Our smart Stamp Duty Calculator instantly breaks down your costs — factoring in property value, location, and buyer type — so you know exactly what to budget before you buy.
Stamp Duty Calculator
Whether you’re a first-time buyer, moving to a new home, or purchasing an additional property, use our stamp duty calculator to find out exactly what you have to pay.
What we Offer?
First time buyer mortgages come in variety of forms. Each caters to different set of financial situations and preferences. They include
Fixed - Rate Mortgages
Offer a set interest rate for an agreed upon term, providing stability and predictable payments.
Variable - Rate Mortgages
Interest rates fluctuate according to market conditions, and these mortgages may offer lower initial rates but with less predictability.
Tracker Mortgages
Linked to the Bank of England's base rate, tracking its movements with a predetermined margin.
Right to Buy Scheme
The Right to Buy scheme allows eligible council and housing association tenants in England to purchase their home at a discounted price.
Shared Ownership Mortgage
Allows purchasing a share of a property and paying rent on the remaining share.
Guarantor Mortgage
This option requires a guarantor, often a family member, who agrees to cover repayments if the borrower defaults.
What are Benefits of First Time Buyer Mortgage?
A first-time buyer mortgage opens the door to homeownership, offering tailored benefits and financial support designed to help individuals take their first step onto the property ladder. Let’s explore some of the key advantages available to those purchasing their first home.
Financial Assessment
They’ll evaluate your income, savings and credit score to determine what you can afford.
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Additional Costs
You'll find out about other expenses such as stamp duty, legal fees and insurance premiums.
Research Options
They’ll explore various mortgage types, including fixed-rate, variable-rate and Help to Buy schemes.
Long term Planning
Your adviser will ensure the mortgage you opt for aligns with your future financial goals for stability and growth.
FAQs
Looking for First Time Buyer Mortgage?
Wealthmax is here to help. Our advisers are experienced in financing and have access to a wide range of mortgage options. Contact us today to discuss your mortgage requirements and secure the ideal financing solution.