It's Free to Speak to an Advisor, 7 days, 8am - 10pm
It's Free to Speak to an Advisor, 7 days, 8am - 10pm
As a first time buyer in Exeter, stepping onto the property ladder can feel both exciting and overwhelming.
With expert mortgage advice, you can navigate the process confidently, ensuring you secure the right deal to match your needs and budget.
Whether it’s understanding deposit requirements or finding affordable monthly payments, our tailored guidance supports you every step of the way.
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First time buyers in Exeter have access to a variety of options, including fixed-rate, tracker and shared ownership mortgages.
Depending on your circumstances, you may also benefit from government schemes designed to help you get on the property ladder.
A mortgage broker in Exeter like us can review your affordability and guide you to the most suitable option for your journey.
If you’re buying your first ever home, having never owned a home before, you are a first time buyer in Exeter. We can help you to obtain your first mortgage.
Our experienced mortgage advisors in Exeter will provide clear, easy-to-understand guidance throughout the entire mortgage process.
We’ll help you identify the best mortgage option for your circumstances, so you can feel confident that you’re getting the most suitable deal.
When it comes to your deposit, it is typically the case that lenders on the high street require a minimum of 5% of the purchase price of the property.
If you are able to put down a larger deposit, such as 10-25% of the purchase price, there may be a wider range of favourable mortgage options available to you.
We will take the time to explain the different mortgage options to you and assist you to compare the various interest rates, fees and repayment plans.
We can also discuss the different government schemes that exist to support first time buyers in Exeter.
If you are a first time buyer in Exeter needing a mortgage, we are here to help. Contact us today to begin the process of finding the right mortgage for you.
The amount you can borrow as a first time buyer in Exeter depends on your income, financial commitments and credit history.
Most lenders use affordability assessments to calculate how much they’re willing to lend, typically offering up to 4.5 times your annual income.
A mortgage broker in Exeter like us can help you understand your borrowing potential and find lenders that match your circumstances.
For first time buyers, there are many advantages to seeking help from a mortgage broker in Exeter like us. Our knowledgeable team can search through 1000s of deals to find a mortgage suitable for your individual circumstances.
This is something that a bank is unable to do, they can only provide you with their own products.
More and more first time buyers are now turning to brokers for advice on their mortgage because they can help them find the most appropriate product, often saving them time and money.
We have designed a simple process to make the mortgage application process a breeze and to help you save money.
Our panel of lenders allows us to provide you with a tailored, personal service when selecting your first time buyer mortgage product.
As a mortgage broker in Exeter, we know that navigating the mortgage market as a first time buyer can feel overwhelming.
If you’re struggling to save for a deposit, government schemes like Right to Buy and Shared Ownership can help you get on the property ladder.
Right to Buy lets council tenants purchase their home at a discounted price, while Shared Ownership allows you to buy a share of a property and pay rent on the rest.
There are many schemes available to first time buyers in Exeter. For more information on how each scheme works, visit OwnYourHome.gov.uk.
Our mortgage advisors in Exeter are here to guide you through your options and help you find the right solution.
We’re here 7 days a week to provide expert advice and answer your questions about first time buyer mortgages in Exeter.
Book a free mortgage appointment and take the first step towards owning your first home with guidance tailored to your needs.
With over 20 years of experience, we’ve helped countless first time buyers in Exeter achieve their dream of homeownership.
We provide open and honest advice, ensuring you fully understand your options as a first time buyer in Exeter.
Our responsive case managers keep you updated throughout your journey, making the mortgage process stress-free.
We search thousands of first time buyer mortgage deals to find the one that suits your financial goals and situation.
Our team is dedicated to delivering a 5-star service, supported by glowing reviews from happy first time buyers in Exeter.
We guide you from start to finish, making your first time buyer experience as smooth and straightforward as possible.
Our Customers Love Us
2000+ 5-Star Reviews
Derek
They were great when handling our mortgage application even though it was a bit different to the normal one. Highly recommended
3 days ago
Michelle
The team at UK Moneyman have been excellent, really informative, providing sound advice with no judgement and supporting the best possible way forward for myself. I would definitely use the team again, they’ve made the whole process simple and...
2 weeks ago
Lawrence
Great company to work with, very helpful and excellent communication. Chris and Jo did a great job with our application. I highly recommend.
2 weeks ago
Gemma
Excellent speedy service and always available to work around the best times for us, including calls at weekends
1 month ago
Gillian
Having dealt with Leo previously I knew I would be getting a brilliant service and a good deal.
1 month ago
Karen
Very helpful.Quick response to any questions or concerns. Selected the right product to meet our requirements.
1 month ago
Stephen
We went to the Moneyman to start with regarding a new mortgage only which went really smoothly and everything was explained in simple terms at our request Malcom made it feel at ease . Once i had the confidence with them we asked them to help with...
1 month ago
A fixed-rate mortgage offers stability by keeping your interest rate unchanged for a set period, typically 2 to 5 years.
This means your monthly repayments stay consistent, making it easier to budget as a first time buyer in Exeter.
It’s a popular choice for those who value predictability in their finances.
Tracker mortgages follow the Bank of England’s base rate, meaning your payments can go up or down depending on market conditions.
While less predictable than a fixed-rate mortgage, tracker mortgages can be a good option if interest rates are expected to remain low, offering potential savings for first time buyers.
Shared ownership mortgages are ideal for first time buyers in Exeter with smaller deposits.
This scheme allows you to purchase a share of a property (usually 25%-75%) and pay rent on the remaining share.
Over time, you can usually buy more shares as your financial situation improves.
A gifted deposit mortgage is ideal for first time buyers in Exeter who have received financial help from family or friends to boost their deposit.
This type of mortgage allows you to use gifted funds to meet lender requirements, often helping you access better rates or purchase a property sooner.
It’s essential that the gift is declared to the lender, as they will need to verify that it doesn’t need to be repaid.
Low-deposit mortgages allow first time buyers in Exeter to purchase a home with as little as a 5% deposit.
While they may come with slightly higher interest rates, seeking mortgage advice in Exeter can help you find the best deals available and get onto the property ladder without waiting to save a larger deposit.
Joint mortgages are a great option for first time buyers in Exeter who want to buy a property with a partner, family member, or friend.
With this type of mortgage, lenders consider the combined income of all applicants, often increasing your borrowing potential.
It’s important to agree on how ownership is split, as all parties are jointly responsible for the repayments.
A Joint Borrower Sole Proprietor mortgage is perfect for first time buyers in Exeter who need additional borrowing power.
This allows a family member or friend to contribute to the mortgage repayments without being named on the property deeds, helping you secure a home that suits your needs.
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UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
UK Moneyman Limited is Registered in England, No. 6789312
Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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