First Time Buyer

First Home

There are two parts to the process of getting a mortgage for buying your first home – the advice part and the application part. Get the advice part right and the application will be much easier.

The advice part involves discussing:

  • how much you can borrow
  • calculating a realistic purchase budget
  • understanding your requirements
  • calculating how much you can afford each month
  • collating the documents required
  • understanding what lenders are looking for
  • making sure your credit history is OK
  • finding a suitable mortgage

There is also the option of shared ownership, where you share the ownership of the property with a housing association – you buy a percentage share and they own the rest. You can buy further “shares” in the future. This is suitable for people who cannot buy outright and are entitled to apply for such a scheme – such as a key worker.

At Ethos Financial we are happy to help you through the advice process via e-mail, phone, text and in person. Often it is easier to start off with a phone call or e-mail and then find a good time to talk in person – at home, at the office or in a coffee bar.

Once we have answered your questions and collated everything necessary to make a mortgage application, then the application process should be much easier. We research the whole of the market for you based on your circumstances and requirements, and present you with one or more mortgage illustrations for the most suitable mortgage. Then we can make the application for you and deal direct with the lender on your behalf through to getting a mortgage offer and onto completing on your home purchase.

We are happy to take the time to answer all your questions. We pride ourselves in making sure you can make fully informed decisions about your mortgage and your property purchase. There’s a lot to deal with, but we aim to handle as much of the process as possible for you, so that you can get the mortgage you need to buy the home you want.

We look forward to providing you with a friendly and professional service.

Call us now on 0207 183 3703 for an initial chat.

Your home may be repossessed if you do not keep up repayments on your mortgage.