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Mortgages

First Time Buyer Mortgages

Being a first time buyer can be both exciting and nerve-wracking at the same time. After all, having finally decided to take your first steps onto the property ladder, most people have to borrow some money in the form of a residential mortgage.

There is a wealth of information to take in when buying your first home, and in the current market lenders are far stricter with their lending criteria  for first time buyers.

Because of this, the knowledge and contacts of an independent mortgage broker can help you find a competitive mortgage deal.  We can help answer questions such as the type of loan you should go for — fixed or tracker, for example, and help you find a product that suits your lifestyle and needs for affordability purposes.

We can help you with how much you can borrow and how much you can afford and advise on different deals available via lenders, and guide you through the process having never bought a property before. 

For a first time buyer, a lender will typically require:

 

  • Evidence of your income and commitments, such as recent pay slips, a P60, your latest mortgage statement and your bank statements.
  • Information from credit reference agencies, your employers, other lenders and your landlord.
  • Proof of identity, such as a passport or birth certificate.

If you apply for your mortgage through Largemortgageloans.com, we will handle the documentation on your behalf and manage the process with the lender, to guide you through your first purchase.

 

Call us now on 020 7519 4900 or:

  • This Month's Top Fixed Rate

    Fixed rate
    Initial rate: 1.14%

    Period: 2 Year

    Rate will revert to the lender's standard variable rate currently 3.74%
    The overall cost for comparison is 3.34% APR

    1.14%

    More info
  • This Month's Top Variable Rate

    Variable rate
    Initial rate: 1.18%

    Period: 2 years

    A variable rate which is 3.49% above the lender's Base Rate, currently 0.25% thereafter, to give a current rate payable of 3.74%
    The overall cost for comparison is 3.39% APR

    1.18%

    More info

    Get This Rate


Some of this month's top interest rates are listed above; the actual rate will depend on your circumstances. Please note that this information does not contain all the details you need to choose a mortgage, ask one of our advisers for a personalised key facts illustration on 020 7519 4900. The rate displayed may become out of date at short notice.

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London Office

Tel: 020 7519 4900
Fax: 020 7519 4910
Email: info@largemortgageloans.com

Guernsey Office

Tel: 01481 234527
Fax: 020 7519 4910
Email: info@largemortgageloans.com

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Changes in the exchange rate may increase the sterling equivalent of your debt

Largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No 302228 which can be viewed here: www.fca.org.uk/register/. The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice. Help and advice in regards to mortgages is available at www.moneyadviceservice.org.uk

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.

A typical fee of 1.17% of the mortgage amount is payable. Of this, 20% is payable on application and the balance of 80% on completion. For example on a mortgage application of £300,000 the fee would be £3,510 in total. Of this, £702 (20%) would be payable on application and the balance of £2,808 (80%) on completion. The total fee is non refundable. We may also be paid commission from the lender. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Calls may be recorded for training and monitoring.
You may have to pay an early repayment charge to your existing lender if you remortgage.

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: Bridge House, London Bridge, London, SE1 9QR. 2005-2017. All rights reserved.