First Time Buyer Mortgages in Canterbury

As a mortgage broker in Canterbury, we will be there to support you all throughout your mortgage process, from your first contact, until you get the keys!

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First time buyers in Canterbury are generally able to access exclusive mortgages that are not available to other borrowers.

As a first time buyer in Canterbury, you will generally have to put down at least a minimum of 5% deposit, though we would always advise putting down slightly more, such as 10-15%. If you are struggling with credit, you may have to put down more, often between 15-20%.

First time buyers in Canterbury will often have the benefit of avoiding a property chain, as they are not waiting on the sale of their own home, before they can move on and finalise on the one they're looking to buy.

This, along with having an agreement in principle to hand, is a great bargaining tool for when you are negotiating on the property purchase price on the sale of the property in question.

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We would always recommend that first time buyers look to get an Agreement in Principle before they start viewing any properties in Canterbury.

A mortgage agreement in principle, is a document from the mortgage lender that confirms the maximum mortgage amount you are able to borrow from them, as well as giving you the confidence to know that as a first time buyer in Canterbury, you are ready to proceed with the mortgage process.

As an expert mortgage broker in Canterbury, we have been able to guide and support countless first time buyers in Canterbury, as they go through their journey towards finally having the keys to their dream home.

Book in for a free mortgage appointment online today and learn more about how an expert mortgage advisor in Canterbury can help bring you closer to realising your dreams of owning a home as a first time buyer in Canterbury.

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First Time Buyer in Canterbury FAQs

Do I count as a first time buyer in Canterbury?

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If this is your first time buying a home, you will be considered a first time buyer in Canterbury. Depending on the mortgage lender you speak to, this can extend to some customers, who perhaps have owned homes in the past, but haven't been in the market for a number of years.

On the chance you don't fall into the criteria for a first time buyer, but are jointly applying with someone else who does, your case overall may be considered a first time buyer case.

What do I need to buy my first home in Canterbury?

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In order for a first time buyer in Canterbury to purchase their very first home, they will need to have saved up a sufficient enough deposit and also qualify for a mortgage. Doing this will mean you are in a much better place for financing the rest of your home purchase. You will also need to hire the services of a conveyancing solicitor, so that the legal side of buying a home can be arranged.

As an expert fast & friendly mortgage broker in Canterbury, we are here to help customers through every single step of their home buying journey. We'll be there from the point where we review your eligibility and find you the best deal, right through until you get the keys to your brand new dream home.

How much deposit do you need for a first time buyer mortgage in Canterbury?

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This is a question that we find crops up the most frequently. Generally speaking, there will need to be a minimum of at least 5%, which can be achieved either through your own savings, from a gifted deposit (bank of mum & dad) or a combination of both methods.

You must remember though, that putting down a deposit that is much larger, let's say somewhere within the realm of 10-20% of the property purchase price, will give you far more mortgage options and much better deals, than you would otherwise have with a lower deposit.

Is it better to get a mortgage from a bank or a mortgage broker in Canterbury?

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As a mortgage broker in Canterbury, our advisors have the ability to search through 1000s of unique and specialist mortgage deals, matching you up against various mortgage criteria, in order to find the most suitable mortgage deal for what you are looking to achieve.

The bank used to be a popular route into home owning, as the local bank manager knew your finances inside and out, which they would bear in mind when they would review their products to offer you one. Conversely to the previous point though, they can only offer from their own products, and in a world where it's all about finding the cheapest deal, most people prefer a mortgage broker.

By seeking mortgage advice in Canterbury, whilst a fee may be present, you'll often have a stress-less, much quicker service and with a lot more choice. Here at UK Moneyman, we work with a large panel of mortgage lenders, allowing us to tailor your mortgage to your individual needs.

Are there any schemes to help first time buyers in Canterbury get onto the property ladder?

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The government has introduced lots of different schemes as a way of helping first time buyers in Canterbury to purchase their first home, when perhaps they were previously struggling, with that often being down to factors such as saving up for the initial deposit.

The most popular options that we come across when dealing with first time buyers in Canterbury are the Help to Buy Equity Loan Scheme (providing a boost to your initial deposit with a government loan), as well as the Right to Buy Scheme (allowing you to purchase your rental property from your local council or housing association).

8 Reasons to Choose Us For Mortgage Advice in Canterbury

Open 7 days a week until late to provide customers with expert mortgage advice in Canterbury.

We offer a flexible service, working around your busy work and family life in Canterbury. We're always here when you need us.

Mortgage appointment with a trusted mortgage advisor in Canterbury at free to you

Absolutely no fees upfront, we are only paid upon results, when you obtain your mortgage in Canterbury!

You'll benefit from having your own dedicated case manager in Canterbury.

From our hard working mortgage administrators, to our professional mortgage advisors in Canterbury, you'll always know who you are working with.

We work for you, ensuring you receive a top level mortgage advice service in Canterbury.

Getting a mortgage in Canterbury can be a rather daunting prospect. We’ll guide and support you every step of the way.

Providing jargon-free insurance advice in Canterbury & surrounding areas.

We'll recommend to you any appropriate insurance products, allowing you to remain at home in Canterbury, in the event you become seriously ill or unable to work.

1000s of potential mortgage products in Canterbury.

As an open & honest mortgage broker in Canterbury, we can search for the best deal for you, saving your time and your money.

We're experienced and knowledgeable with a variety of mortgages in Canterbury.

There likely aren't many situations we haven't come across in the past, your mortgage advisor in Canterbury will understand your needs as a home buyer.

As a fast & friendly mortgage broker in Canterbury, we will be by your side every step of the way.

When you book in for mortgage advice in Canterbury, we'll help you overcome any mortgage hurdles, such as property survey and valuation problems.

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We search 1000s of mortgage deals for first time buyers in Canterbury

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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

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