First Time Buyer Mortgages in Kent

You fall under the category of a first-time buyer in Kent if you have never purchased a home before.

You might not be a first time buyer, however, you are living with a friend or partner who is deemed as one, therefore, you should be able to purchase a property under that classification jointly.

To start, it’s important that you have saved enough for a sufficient deposit and qualify for a mortgage. After, you will need the assistance of a conveyancing solicitor to carry out the legal proceedings that come with buying a home.

If you are feeling a little lost on the mortgage journey, this is where a mortgage broker in Kent can help! Our goals is to provide a helping hand throughout the process from the first point of contact to obtaining the keys to your new home. As well as this, we can see if you are eligible and look through thousands of deals to find the one that is perfect for your situation.

Through our experience providing expert mortgage advice in Kent, we usually find that a high street lender will be looking for you to put down a minimum of 5% of the property purchase price for your deposit.

There is an option to put down a larger deposit, like 10-25% of the purchase price. This will open you up to a more variety of favourable mortgage deals.

Approaching a mortgage broker in Kent can have plenty of perks. One of them is that our team can search through 1000’s of deals to find a mortgage product that is appropriate for your financial state. This is just one of the many things that differentiate us from a bank as they will only offer their own products.

In the past, approaching a bank was the more popular route to take because the local manager will have detailed knowledge of your finances and would take this into account when recommending a mortgage product. Now, this isn’t the case because their goal is to find you the cheapest deal.

Another benefit of getting in touch for open and honest mortgage advice in Kent, is that our process is designed with the aim to make the process quick and save you money. We are proud to work alongside a large panel of mortgage lenders to provide the tailored service you need when finding a mortgage product.

Many first time buyers in Kent can take advantage of the variety of government schemes that are available for those stepping into the mortgage world for the first time.

There is also the Right to Buy Scheme that allows tenants to purchase their rental, With this, you do need to check that you are eligible by contacting your local council who can help you confirm this.