First time buyers

How to get a mortgage for your first home

Finding the right deal for you

We’ll show you how to get a mortgage from start to finish, including what you need to tell us and the steps you’ll need to take.

How to get a mortgage

Save a deposit or get help if you’re struggling to do this. Most lenders will ask for a deposit of 5% to 15% of the property value. If you’re having trouble saving what you need, perhaps contact family members to help or release equity from their property. This lets your loved ones put up a deposit to help you buy your first home without having to spend their savings.

Steps you can take

1

Contact us at Scott & Goose to check the loan amount available based on your income. 

2

See if you could qualify for a mortgage by getting an Agreement in Principle (AiP). An AiP will tell you if we could lend the amount you need – without affecting your credit score. It usually takes about 15 minutes to complete one online. Estate agents will ask for this before you make an offer on a property

3

Apply for a mortgage with us. This means making an appointment to discuss on the phone, online or at our offices. If we think you can afford the amount you want to borrow, we’ll recommend a mortgage based on your situation.

4

Respond to any requests we send you. After your appointment, we’ll be in touch if we need any more details, to tell you about any fees you might need to pay or if we need to arrange access to the property for a valuation. Once everything’s done appropriately, we’ll send you a mortgage offer that you’ll need to sign and return.

Products and services for first-time buyers

No matter your circumstances, we’ll arrange the perfect mortgage for you Scott & Goose prides itself on offing services you won’t find with many other brokers. Fully authorised and regulated...
Buying property and becoming a private landlord should not be seen as an easy way of making money. It can be riskier and more complicated than you may think. It...
Equity release & lifetime mortgages can play a crucial role in retirement funding, helping other family members with a first-time purchase or perhaps pay for university tuition. Others use funds...

Common questions about getting your first mortgage

The first step is to check affordability and complete an Agreement in Principle to see if you could borrow the amount you need.  We’ll tell you whether we can lend to you when you submit your mortgage application.

It depends on your situation, but we’ll aim to give you a decision as quickly as possible. On average, it usually takes about 3 to six weeks.

Need more information?

The best way we can help you is to have a quick conversation to understand your situation and recommend appropriate products. Contact us today for a no-obligation discussion.