A first-time buyer is an individual who has never owned a property before. So anyone applying for a mortgage who isn't a homeowner, home mover or buy-to-let investor is classed as a first-time buyer.
You'll need to have 5% of the purchase price as a minimum deposit. Some lenders require 10%, but there are still many good deals for a buyer with 5%. We understand this market very well, and how important it is for you to get on the property ladder.
Please fill in your numbers via the form below and we will send you an accurate response via email today!
As a guideline a £250k mortgage with a 3.5% interest rate for 30 years and a £12.5k down-payment will require a total annual income of roughly £60k to qualify for the loan.
Click here to use our mortgage estimate calculator.
Alternatively, for a 100% accurate quote, fill in your details below and you will have a response today!
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
K L A S Mortgage Services Ltd is an appointed representatives of The Openwork Partnership, a trading style of Openwork Limited is authorised and regulated by the Financial Conduct Authority
K L A S Mortgage Services Ltd is registered in England and Wales, company number 09561655.
K L A S Mortgage Services Ltd registered address is The Granary Crowhill Farm, Ravensden Road, Wilden, Bedfordshire, MK44 2QS.
The information on this website is for use of residents of the United Kingdom only. No representations are made as to whether the information is applicable or available in any other country which may have access to it
K L A S Mortgage Services Ltd
The Granary Crowhill Farm, Ravensden Road, Wilden, Bedfordshire, MK44 2QS