First Time Buyer Mortgages in Brighton

As long as you have never purchased a home before, you are then classed as a first time buyer in Brighton.

If you are not a first time buyer but are living with a friend or partner who qualifies as such, then you should be able to jointly purchase a property under that classification.

First, you’ll need to have saved enough for a sufficient deposit and qualify for a mortgage. Next, you’ll need to hire a conveyancing solicitor to carry out the legal proceedings that come with buying a home.

The good news is as a mortgage broker in Brighton, we are here to help you every step of your mortgage journey from initial inquiry to completion. Not to mention we check your eligibility, and we can search thousands of deals to find you the most suitable deal.

We tend to find that a high street lender will typically require you to put down a minimum of 5% of the property purchase price for your deposit.

Bear in mind, putting down a larger deposit, for example anywhere between 10-25% of the purchase price, will lead you to wider and open you up to better mortgage deals.

The benefits of going to a mortgage broker in Brighton are our advisors can search through 1000s of deals to find the most suitable mortgage product for your circumstances. Whereas a bank is only able to supply you with their products.

Back in the day, going to the bank was a more favorable choice, as the local manager knew your finances inside and out and would bear this in mind when offering mortgage products. This is no longer the case anymore and is all about finding the cheapest deal.

By coming to us for expert mortgage advice in Brighton, our process can often be a much quicker saving you time and money. Here at UK Moneyman, we work alongside a large panel of mortgage lenders, allowing us to tailor your mortgage to your personal and financial situation.

There are a handful of government schemes available as a means of helping more first time buyers in Brighton get onto the property ladder.

We tend to find, that the most popular schemes that we see first time buyers in Brighton making use of, have been the Help to Buy Equity Loan Scheme, which can help give you a boost to your deposit, and & the Right to Buy Scheme which allows tenants to purchase their rental property.