First Time Buyers

Your home may be repossessed if you do not keep up repayments on your mortgage
Currently there are many available schemes to help first time buyers get onto the property ladder, which is fantastic. The difficulty comes from knowing which to choose. A few that you may have heard of are:
• First time buyer scheme
• Affordable housing
• Equity loan
• Help to buy
Buying a property is a huge financial commitment, probably the single biggest one most people will ever make.
Here at the Complete Financial Centre we understand that the financial market can be confusing and complicated so our experienced advisor is here to guide you through the available products and help you get the best deal for you.
There are a number of different options available on the market. Listed below are some of the most popular products:
– Repayment Mortgages
– Interest Only Mortgages
– Offset or Flexible Mortgages
– Fixed Interest Mortgages
– Shared Ownership Mortgages
– Help to Buy Schemes
When you are a first-time buyer it is important to ensure you have a complete understanding of the process and that all the information you are given is up to date.
It can be very stressful, especially as it is all new and complex. There are many questions related to the mortgage you need to ask of yourself and/or discuss with your adviser.
– How much will it cost?
– Can I afford it?
– How much deposit will I need?
– What type of mortgage do I want?
– Will I get a mortgage?
Throughout the entire process we are on hand to answer your queries and concerns. We will ensure that you get the right mortgage for you. We take great pride in the personal service we offer our clients. Your financial situation is unique so we work hard to understand your needs and aspirations and make our financial recommendations based upon that knowledge.
Our Role
– Ensure you do not waste money unnecessarily by paying a higher monthly amount than you need to for your borrowings
– Save you time and effort by recommending the most appropriate solution.
– Stop you missing the most cost-effective way of arranging your loan.
– To help clarify technical terms and jargon to the best of our ability and understanding.
While we will always do our utmost to make this process as easy as possible– please be aware that certain factors outside our control can delay the process. (e.g. Property not valuing at the level expected, further proof of income required by lender.)
Throughout this process, we’ll do our best to keep everything simple and straightforward. We ensure you deal with the same people and know that you can come to us with any queries or concerns.
Our mortgage adviser has over twenty years’ experience and will support you throughout. We keep our clients updated regularly in whichever format they require, (telephone, email, text or post – or indeed all if required.)
The mortgage application process is as follows:
* Borrowing check – amount, affordability, how much, deposit, fees and costs budgeted for, applied for credit file, seek a decision in principle
* Offer accepted
* Mortgage recommended and application sent
* Mortgage underwritten, validation checks on property, income, and expenditure. More information may be required because of satisfying lending requirements.
* Valuation instructed – mortgage or structural
* Mortgage offer obtained
* Exchange of legal contracts – check that your required protection provisions are in place
* Completion of legal contracts – funds draw down from the lender
And then the exciting part – you get the ‘Keys to your New Home’
If you wish for any additional information concerning buying your first home, please don’t hesitate to get in touch with us. Contact details are at the bottom of the page.

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