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First Time Buyer Mortgages in Oxford

As a mortgage broker in Oxford, we'll be with you all throughout your process, from your initial enquiry to getting the keys to your first home.

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First time buyers in Oxford can typically get exclusive mortgages not available to other borrowers.

The minimum deposit that a first time buyer in Oxford would be required to put down is typically 5%.

First time buyers in Oxford typically avoid a property chain (where a buyer may be unable to complete a sale on their home until the one they're buying has completed, etc.)

This can be a really useful bargaining tool for negotiating with a seller on the price of a property you are looking to buy.

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It's always highly suggested that you obtain an Agreement in Principle prior to viewing any properties in Oxford.

This allows for you to have confirmation on the maximum mortgage available to you and also provide you with confidence as a first time buyer in Oxford, that you are in a position to proceed.

As an expert mortgage broker in Oxford, we have been able to help and support 1000's of first time buyers in getting the keys to their dream home.

Book your free mortgage appointment online today to see how a mortgage advisor in Oxford can help you with your home-owning dreams.

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First Time Buyer in Oxford FAQs

Do I count as a first time buyer in Oxford?

If you have never purchased a home before, you will be a first time buyer in Oxford. With some mortgage lenders this also extends to those who have previously owned a property but perhaps haven't been in the market for a while.

If you are not classed as a first time buyer, but you happen to be living with a partner who qualifies as such, you are often able to jointly purchase a property under that classification.

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

In order for you to purchase your first home, you will first need to have saved a sufficient deposit and qualify for a mortgage. Doing so will allow you to finance the rest of your purchase. You will also need to hire a conveyancing solicitor to carry out the legal proceedings that come with buying a home.

As a mortgage broker in Oxford, we are here to help you every step of your mortgage journey. We'll be there from checking your eligibility and finding the best deal, right through until you get the keys to your new home.

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

We tend to get this question more than most. The answer is typically 5% will be the minimum required, which can be from your savings, a gift, or a combination of the two.

It is important to note, however, that putting down a deposit larger, let's say somewhere around 10-20% of the purchase price, will widen your mortgage options and open you up to better deals.

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

As a mortgage broker in Oxford, our advisors can search through 1000s of deals to find the best mortgage deal for your circumstances. Conversely to this, a bank will be limited to their own products.

The bank was once a more popular choice, as the local manager knew your finances inside and out and would bear this in mind when offering mortgage products. This tends not to be the case anymore, and is all about finding the cheapest deal.

By getting mortgage advice in Oxford, whilst it may incur a fee, can often be a much quicker process, with a lot less stress and with much more choice. Here at UK Moneyman, we have a large panel of mortgage lenders, allowing us to tailor your mortgage to your personal situation.

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

There have been a lot of different government schemes introduced as a means of helping more first time buyers in Oxford to find their footing on the property ladder.

The most popular options that we see first time buyers in Oxford making use of, have been the Help to Buy Equity Loan Scheme (providing a boost to your deposit) & the Right to Buy Scheme (allowing you to purchase your rental property).

8 Reasons to choose UK Moneyman

Open 7 days a week until late to provide mortgage advice in Oxford.

We're flexible around your busy work and family life in Oxford, we'll be there when you need us.

Mortgage appointment with a mortgage advisor in Oxford at no cost to you!

No upfront fees payable, you only need to pay us upon mortgage success in Oxford!

You'll be given your own dedicated case manager in Oxford.

Whether it's a mortgage administrator or a mortgage advisor in Oxford, you'll always know who you are dealing with.

We're on your side, we work for you, providing expert mortgage advice in Oxford.

Getting your first mortgage in Oxford can be a intimidating experience. We’ll hold your hand all throughout your mortgage process.

Providing jargon-free insurance advice in Oxford.

We'll recommend appropriate insurance products, ensuring you can stay at home in Oxford, should you become seriously ill or unable to work.

1000s of potential mortgage options in Oxford.

As a mortgage broker in Oxford, we can find the cheapest deal for you, saving both your time and your money.

We're experienced and knowledgeable with mortgages in Oxford.

There isn't a situation we haven't come across before, your mortgage advisor in Oxford will fully understand your needs.

As a mortgage broker in Oxford, we will be with you every step of the way.

When you get in touch for mortgage advice in Oxford, we'll help you with any mortgage hurdles that you face along the way, such as property survey and valuation problems.

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