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.
Get StartedThis 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.
Apply NowIf 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.
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.
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.
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.
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).
We're flexible around your busy work and family life in Oxford, we'll be there when you need us.
No upfront fees payable, you only need to pay us upon mortgage success in Oxford!
Whether it's a mortgage administrator or a mortgage advisor in Oxford, you'll always know who you are dealing with.
Getting your first mortgage in Oxford can be a intimidating experience. We’ll hold your hand all throughout your mortgage process.
We'll recommend appropriate insurance products, ensuring you can stay at home in Oxford, should you become seriously ill or unable to work.
As a mortgage broker in Oxford, we can find the cheapest deal for you, saving both your time and your money.
There isn't a situation we haven't come across before, your mortgage advisor in Oxford will fully understand your needs.
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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Rating Reviews
Derek
They were great when handling our mortgage application even though it was a bit different to the normal one. Highly recommended
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...
Lawrence
Great company to work with, very helpful and excellent communication. Chris and Jo did a great job with our application. I highly recommend.
Gemma
Excellent speedy service and always available to work around the best times for us, including calls at weekends
Gillian
Having dealt with Leo previously I knew I would be getting a brilliant service and a good deal.
Karen
Very helpful.Quick response to any questions or concerns. Selected the right product to meet our requirements.
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...
Victoria
Jenna was very quick to sort out my mortgage, it was very straight forward and easy.
John
UK money man are excellent and have walked me through every stage of both the initial mortgage process and the remortgage two years later, couldn’t recommend them enough!!
Antonia
Matt Collinson and Meghan Robinson were absolutely wonderful. Provided updates, always avaliable and dealt with our mortgage so quickly! We had a mortgage offer within 2 and a half days and they sorted it all. Absolutely over the moon and would...
Babak
So fast and brilliant services which surprised us and the agent by receiving the mortgage offer less than one week. Malcolm is very responsive
Alistair
We used UK Moneyman for our first mortgage back in 2021. When it came to remortgaging, we confidently used their services again. Chris has been fantastic at reassuring us around the changes in interest rates and explaining everything clearly. Meghan...
Hannah
The whole team at UK Moneyman have been so friendly and helpful, whilst also providing an excellent service and securing me a mortgage offer really quickly. Even when there were questions and changes, they went over and above to help and always came...
Sarah
Fantastic service from Tom Bowes
Brooke
Excellent service, great communication & highly professional
Khristopher
Malcolm and Meghan did a great job with my application which due to a chain breaking down had to be done for two different properties, was kept informed throughout and they made me aware of changes in the market i didn't know about. Would happily...
Hilary
Matt and Wendy worked tirelessly and creatively to reach a great mortgage outcome for me in what was a less than straightforward journey. The commitment and advocacy was fist class and communication, always excellent. Matt really earned his broker...
Nina
I'm very happy with the services UK Moneyman have been providing during my buying process so far. I'm a first-time buyer so it was very important to me to have a mortgage broker who could answer all my questions in a timely and professional manner....
Stuart
Great team who works to get you exactly what you need, they made the whole process smooth and painless, so I would highly recommend them.
Danielle
I honestly couldn't have asked for a better service with UK Moneyman! I have been working with Charlie and Wendy! They have been SO helpful throughout the whole process and so supportive, never a hassle for them when I've been bombarding them with...